Head Compliance, Risk and MLRO
Building the bank of tomorrow requires a unique blend of skills and teamwork. At Swissquote, we're passionate about combining our differences to drive innovation and excellence. If you share our values, consider joining us to unleash your potential.
* We are the Swiss Leader in Online Banking, serving over 500,000 clients through our secure digital platforms.
* Our multicultural teams of over 1,000 employees thrive in a flexible, fast-paced environment with opportunities for growth and skill development.
* We're committed to equal opportunities and welcome candidates from diverse backgrounds to contribute to our shared success.
Job Description
* This senior role reports directly to the CEO in Singapore and the Chief Legal Officer in Gland, Switzerland.
* The candidate will oversee the Compliance function as a MAS-licensed firm, acting as primary liaison officer, registered MLRO, and DPO.
* Key responsibilities include establishing and overseeing compliance policies, procedures, systems, and controls in line with MAS and FINMA/Group requirements.
* The role involves reviewing and lodging Suspicious Transaction Reports (STRs) and updating relevant documents annually and as needed.
* The candidate will identify, manage, and report on key compliance risks using a risk-based approach.
* Responsibilities also include reviewing client onboarding, KYC documentation, AML, SoW, and SoF, and ensuring CDD files align with MAS and Group requirements.
1. Quarterly AML Risk Analysis
2. MAS regulatory reports and Compliance returns
* The candidate will act as the Compliance liaison point with Group, maintaining regular communication.
* Embedding a culture of compliance across the firm is essential, as is supporting Senior Management.
* Conducting training sessions on Compliance Induction, Ethics, AML, Bribery, Sanctions, and all relevant compliance and AML policies and regulations is crucial.
* The role involves partnering with the business to provide solution-oriented advice on compliance issues.
* The candidate will advise and guide the business on transactions to ensure operations comply with sanctions regimes.
* Providing guidance and training to staff on implementing compliance rules, laws, and standards is essential.
* The appointed MLRO will analyze transactions and file STRs to relevant authorities when necessary.
* Continuously reviewing compliance policies, procedures, and communications from regulators ensures the firm remains compliant and documents are up-to-date.
* The role involves monitoring the effectiveness of systems, policies, and procedures designed to manage compliance risk.
* The candidate will proactively assist and make recommendations for improvements to systems, policies, and procedures.
* Acting as the key contact point for communications with the regulator and building an effective working relationship is vital.
* Supervising, managing, and developing the Compliance team members is essential.
* Maintaining the policy suite for SQPL, including the Compliance Manual, Risk Management Policy, Data Protection Policy, BCP Policy, etc., is critical.
* Annual updates of Business Impact Analysis and maintenance/update of risk registers for the entity are required.
* Submission of relevant reports to the Internal Controlling and Risk Department in the Head office and responding to ad-hoc queries from Group are necessary.
Qualifications
* Effective communication in English and Mandarin (verbal and written).
* At least 10 years' experience in Legal/Compliance roles with MAS-regulated entities in Singapore.
* First-hand management experience is required.
* Relevant Compliance-related certificates and qualifications, including MAS-relevant courses, are advantageous.