Head Compliance, Risk and MLRO

Company Description

Building the bank of tomorrow takes more than skills. 
It means combining our differences to imagine, discuss, code, develop, test, learn… and celebrate every step together. Share our vibes? Join Swissquote to unleash your potential.

We are the Swiss Leader in Online Banking and we provide trading, investing and banking services to +500’000 clients, through our performant and secured digital platforms.

Our +1000 employees work in a flexible way, without dress code and in multicultural teams. 
By having a huge impact on the industry, they are growing their skills portfolio and boosting their career in a fast-pace environment.

We are all in at Swissquote. As an equal opportunity employer, we welcome candidates from all backgrounds, experiences and perspectives to join our team and contribute to our shared success.

Are you all in? Don’t be shy, apply!

Job Description

Dual reporting to the CEO Singapore and the Chief Legal Officer in Gland, Switzerland, the candidate will be responsible for the following:

Compliance & MLRO duties:

• A senior role in the managing of the Compliance function as an MAS licensed firm,
• Acting as the primary MAS liaison officer, registered MLRO and DPO,
• Establishing and oversight of the implementation of SQPL’s local and group compliance and AML-CFT policies, procedures, systems and controls, including reviewing and updating as appropriate based on MAS and FINMA/Group requirements:
  • Responsible for the review and lodging of STRs,
  • Updating such documents on an annual and on-going basis.
• Identify, manage and report on key compliance risks using the prescribed risk based approach,
• Responsible for the review of client on-boarding, review of KYC DD, AML, SoW and SoF, and appropriate CDD files in accordance to MAS and Group requirements,
• Manage and adhere to the reporting timetable of the following:
  • Annual Compliance reports,
  • Compliance Monitoring Plan,
  • Quarterly AML Risk Analysis,
  • Quarterly Senior Management – compliance input,
  • MAS regulatory reports and Compliance returns,
  • Group Compliance reports,
  • Ad-hoc reports as requested by the Group and MAS.
• Act as the Compliance liaison point with Group, with regular update calls / communications,
• Embed a culture of compliance across the firm and support Senior Management,
• Conduct training on Compliance Induction, Ethics, AML, Bribery, Sanctions and all relevant compliance and AML policies and regulations as appropriate,
• Partner the business in an advisory capacity to provide solution-oriented advice on business compliance issues,
• Provide advice and guidance to the business on transactions, to ensure operations are within the sanctions regime of the UN, OFAC, FATF and other applicable rules and procedures,
• Provide guidance and training to staff on the appropriate implementation of compliance relevant rules, laws and standards,
• Responsible as the appointed MLRO for analysing transactions and, where necessary, filing of STRs to the relevant Singapore authorities,
• Continuously review compliance policies, procedures and communications from regulators so as to ensure the firm remains compliant and documents are kept up-to-date,
• Monitor effectiveness of the systems, policies and procedures designed to manage compliance risk and proactively assist and make recommendations for improvements to systems, policies and procedure,
• Act as the key contact point for communications with the regulator, build and maintain an effective working relationship with regulator so as to mitigate compliance risk,
• Supervise, manage and develop the Compliance team members.

Business risk duties:

• Maintain the policy suite for SQPL including but not limited to Compliance Manual, Risk Management Policy, Data Protection Policy, BCP Policy, etc,
• Annual updates of Business Impact Analysis and maintenance/update of risk registers for the entity,
• Submission of relevant reports to the Internal Controlling and Risk Department in the Head office and respond to ad-hoc queries from Group.

Qualifications

• Ability to communicate effectively in a verbal and written form in English and Mandarin,
• At least 10 years’ experience in Legal / Compliance roles with MAS regulated entities in Singapore,
• At least a first experience in management,
• Relevant Compliance-related certificates and qualifications, including MAS relevant courses and attestation is a plus,
• Singapore Citizen or PR.

Additional Information

SQ2