Description

Job description

1. Sanctions Compliance Program Implementation:

Develop, maintain, and implement sanctions compliance policies, procedures, and frameworks tailored to the Singapore and APAC region. Ensure adherence to local and international sanctions regulations, including but not limited to OFAC, EU, UK, UN, APAC local sanctions regulations, and company policies.

2. Screening Escalations:

Investigate potential sanctions hits, escalating as necessary, and recommend appropriate action.

3. Advisory Support:

Provide subject matter expertise to internal teams on sanctions compliance, including business units, legal, and risk management. Assess sanctions risk for new products, services, and partnerships in the Singapore and APAC region.

4. Training and Awareness:

Develop and deliver sanctions compliance training for employees and key stakeholders. Promote a culture of compliance within the organization.

5. Risk Assessment and Reporting:

Conduct annual entity level sanctions risk assessments and policy gap analyses. Prepare and present reports to senior management and relevant committees on sanctions compliance matters.

6. Regulatory Interaction:

Liaise with regulators and law enforcement agencies regarding sanctions inquiries, audits, or investigations. Ensure timely and accurate regulatory reporting related to sanctions.

7. Regulatory Monitoring & Reporting:

Track sanctions-related regulatory updates in Singapore and APAC jurisdictions and ensure timely implementation of changes.

8. Incident Management:

Manage sanctions-related incidents, including breach investigations and remedial actions. Maintain records of sanctions-related decisions and activities for audit purposes.

9. Collaboration:

Work closely with Global compliance Policies teams to ensure consistency and alignment with group-wide sanctions policies. Collaborate with Tech and Data teams to enhance sanctions screening and data quality controls.

Job Requirement

• Bachelor's degree or higher, with a preference for majors in Law, Finance, or related fields. Advanced degree or certification (e.g., CAMS, CGSS) is a plus.

• Minimum 5 years sanctions advisory experience in a financial institution

• Proficiency in sanctions screening tools and related technologies.

• Strong skills in coordinating responses to regulatory inquiries and government investigations/litigation.

• A team player and the ability to work both independently and collaboratively with multiple teams located in different jurisdictions and under strict deadlines.

• Experience with e-commerce, payments, MSB, or financial services strongly preferred.

• Proficiency in Chinese is required for internal communications.