Key responsibilities:
* Policy and program development:Develop, implement, and maintain information technology system integration, risk management frameworks, policies, and procedures to ensure compliance with laws and internal standards.
* Risk assessment and mitigation:Conduct regular risk assessments to identify potential issues, evaluate the effectiveness of controls, and develop strategies to mitigate risks to the organization's assets, reputation, and operations.
* Auditing and monitoring:Perform internal reviews, checks and re-performance of business processes to ensure compliance with established policies and regulations.
* Training and awareness:Design, procure and /or conduct training programs to educate employees on compliance protocols, legal requirements, and ethical conduct.
* Investigation and reporting:Investigate potential compliance violations, follow up on incidents, and prepare comprehensive reports for senior management on compliance status and potential risks.
* Regulatory liaison:Act as a point of contact with external auditors, regulators, and industry bodies to stay current with changes and ensure adherence to external requirements.
* Advisory role:Provide guidance and expertise to internal departments and management on risk management and compliance matters, advising on new initiatives and potential risks.
* Specific requirement:Knowledge in and implementations of the obligations of a banking licence issued by the Monetary Authority of Singapore.
* Specific requirement:Knowledge in and implementations of account onboarding and periodic monitoring processes to manage the risks relating anti-money laundering and countering the financing of terrorism.
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