Compliance Officer - MLRO

Legal & Regulatory Changi, Singapore


Description

Job Title: Vice President -  Money Laundering Reporting/Compliance Officer

About Citco

Since the 1940s Citco has provided specialist financial services to alternative investment funds, investors, multinationals and private clients worldwide. With over 6,000 employees in 45 countries we pioneer innovative solutions that meet our clients’ evolving needs, and deliver exceptional service.

Our continuous investment in learning means our people are among the best in the industry. And our corporate social responsibility programs provide meaningful and fulfilling work in the community.

A career at Citco isn’t just a job – it’s an opportunity to excel in an environment that genuinely supports your personal and professional development.

About the Role:

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.

Job Duties in Brief:

  • 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

What We Offer:

  • A challenging and rewarding role in an award-winning global business.
  • Opportunities for personal and professional career development.
  • Great working environment, competitive salary and benefits, and opportunities for educational support.
  • Be part of an industry leading global team, renowned for excellence.

Remuneration:

  • A highly competitive salary package will be awarded the successful candidate.

Confidentiality Assured.

 

©The Citco Group Limitedcitco.com

1/2