Position Purpose
Management and Oversight of the WMSG Compliance FS / KYC Team which is responsible for the Compliance processes of client onboarding and recertification for accounts booked in WMSG.
Responsibilities
Direct Responsibilities
1. Acting as key personnel to handle FS / KYC/ AML matters.
2. Managing FS/KYC/AML risk for WMSG with the following key responsibilities:
- Managing the Account Opening and & Recertification to ensure that accounts are opened or reviewed by Compliance on a timely basis, meeting both the regulatory and internal policies standards.
- Providing guidance to the Compliance officer in the FS/KYC Team both from technical and managerial support perspectives.
- Advising the Business on FS/KYC/AML policies and regulations.
- Participating in Client Acceptance Committee, including the approval of account opening and recertification cases.
- Ensuring there is an effective FSKYC/AML training program for the Business and support function staff.
- Presiding over NCF derogations and L3 Transaction Monitoring ™ approvals.
- Working alongside with WMHK Compliance FS/KYC/AML teams to ensure regional policies and procedures are aligned with Head Office and regulatory standards.
- Undertaking and/or supporting ad-hoc FS/KYC/AML projects as and when required.
- Advising Business and support functions on FS/KYC/AML issue.
- Reviewing of escalation from Level 2 transaction monitoring team
- Reviewing draft STRs and coordinating the filing of STRs with WMSG Compliance and senior management of WMSG.
- To ensure timely submission of internal reports / MI to Head Office Compliance to Head Office Compliance and senior management
3. Co-coordinating with Head Office Compliance, GFS, APAC FS Transversal and various stakeholders on policies, procedures and system changes in relation to FS/KYC/AML.
Contributing Responsibilities
4. Liaising with internal/external auditors including responding to routine visits, audits and other enquiries linked to compliance issues.
5. Supporting APAC Head of WM FS KYC Compliance & SG WM Compliance Representative in KYC related matters/ initiatives
Technical & Behavioral Competencies
- Strong knowledge of Hong Kong & Singapore AML/CFT regulations and international standards.
- Strong leadership capability.
- Strong project management capability.
- Good interpersonal skills.
Specific Qualifications (if required)
- University degree
- At least 12-15 years of Compliance experience with minimum 8 years performing AML/CFT responsibilities.
