Compliance Officer / MLRO

Risk & Compliance Changi, Singapore


Description

Compliance Officer

Changi, Singapore

 

About Citco

Citco is a global leader in fund services, corporate governance and related asset services with staff across 80 offices worldwide. With more than $1 trillion in assets under administration, we deliver end-to-end solutions and exceptional service to meet our clients’ needs.

For more information about Citco, please visit www.citco.com

About the Team & Business Line:

Fund Administration is Citco’s core business, and our alternative asset and accounting service is one of the industry’s most respected. Our continuous investment in learning and technology solutions means our people are equipped to deliver a seamless client experience.

The Money Laundering Reporting/Compliance Officer (AMLRO/AMLCO) is responsible for managing AML compliance risk and for the oversight of the AML controls of Citco’s Cayman domiciled fund clients. This is a challenging role for an accomplished compliance professional looking to further their career in a dynamic and rewarding work environment.

Your Role:

  • Act as AMLCO/MRLO/DMLRO for a number of client funds/entities
  • Establish and maintain appropriate systems and controls (including documented policies and procedures) to ensure compliance with Cayman AML and Counter Financing of Terrorism (CFT) laws/regulations
  • Provide AML/CFT compliance oversight of the fund’s activities (including the fund’s investment activity as well as investor-related AML issues)
  • Ensure regular audits/testing of the AML/CFT program
  • Advise the fund’s board/general partner of AML/CFT compliance issues that need to be brought to its attention
  • Report periodically to the board regarding the state of the fund’s AML/CFT program and controls
  • Maintain logs/records relating to specified scenarios such as subscription rejections; investor account freezes; and politically exposed persons (PEPs) and other high risk investors
  • Stay abreast of current legislation and developing regulatory landscape to advise of all issues relating to operational and compliance matters relevant to client funds
  • Ensure existence and awareness of procedures for the reporting of suspicious activity to MLRO/DMLRO
  • Provide training from time to time in the recognition and treatment of transactions carried out by, or on behalf of, any person who is, or appears to be, engaged in money  laundering
  • Receive internal suspicious activity reports and file with the Financial Reporting Authority as needed
  • Act as point of contact with CIMA
  • Interpret and respond to requests from regulatory authorities
  • Collaborate with colleagues from cross-functional teams to review new business
  • Any other duties associated with the aforementioned

 

About You:

  • Bachelor Degree in Accounting/Finance or related area, coupled with at least 5 years of industry experience and excellent knowledge of AML controls in the investment and funds services industries
  • Ideally, you will hold a professional qualification – e.g. ACOI/LCOI/ACCA
  • Extensive Cayman Islands regulatory and compliance risk management experience
  • Superior communication skills with demonstrated ability to work to deadlines

 

Our Benefits

Your well being is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.

We recognize diversity as a source of organizational pride and strength. We have made it a priority to reflect our nation’s evolving diversity in the people we hire, and the culture we create in our organization.

Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.