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Private Banking Compliance Officer - CSBDU07

7000 - 10000 SGD
Full-time

CAREER STORY PTE. LTD.

This is a perm hire role for one of our client in the banking sector.

Job Scope

The Private Banking Compliance Officer supports the Head of Compliance, and focuses on the Wealth Management and Private Banking business by providing proactive, practical, and risk-based compliance advisory to front office, ensuring that business activities are conducted in compliance with the Monetary Authority of Singapore (MAS), Bangko Sentral ng Pilipinas (BSP), and other pertinent rules and regulations, internal policies, and industry best practices, while enabling sustainable business growth.

Job Description

A. PRIVATE BANKING COMPLIANCE ADVISORY

1. Serve as the dedicated compliance advisor to Relationship Managers, Assistant Relationship Managers, Investment Strategist, and Wealth Planner

2. Provide real‑time guidance on regulatory requirements and internal policies impacting private banking and wealth management activities

3. Advise on proposed suitability, sales practices, disclosures, conflicts of interest, inducements, and fair dealing obligations, including review and guidance on the preparation of Statement of Wealth (SoW) and other similar documents

4. Review and guide complex or high‑risk client scenarios, PEPs, and cross‑border relationships, and recommend the same to the Anti-Money Laundering Compliance Officer for inclusion in the system and monitoring

B. REGULATORY COMPLIANCE & MAS ENGAGEMENT

1. Support the Head of Compliance in responding to MAS/BSP/regulator inquiries, inspections, thematic reviews, and regulatory filings

2. Ensure regulatory changes are assessed, communicated, and appropriately embedded into business processes

C. TRANSACTION OVERSIGHT

1. Provide compliance advice for new investment solutions, discretionary and advisory mandates, and distribution structures

2. Advise on target market assessments, product risk classifications, and sales controls

3. Review higher‑risk or non‑standard transactions to ensure compliance with regulatory and internal requirements

D. POLICIES, CONTROLS & RISK MANAGEMENT

1. Assist in the development, review, and maintenance of compliance policies, procedures, and business guidelines relevant to wealth management

2. Identify compliance risks and control gaps; propose and track remediation actions in partnership with business and control functions

3. Participate in compliance risk assessments, monitoring activities, and internal control reviews.

E. TRAININGS

1. Deliver compliance training and targeted briefings to Front Office staff on regulatory developments and emerging risks.

2. Advise on client complaints, potential misconduct, and regulatory breaches, ensuring timely escalation to the Head of Compliance where required.

F. GOVERNANCE & STAKEHOLDER MANAGEMENT

1. Work closely with AML Compliance, Legal, Risk, Operations, and Internal Audit teams.

2. Prepare compliance updates and management information for senior management committees.

3. Escalate material compliance issues, breaches, or concerns promptly to the Head of Compliance.

G. OTHERS

1. Perform other duties that may be assigned from time to time.

Interested applicants, please click "APPLY NOW"

We regret to inform you that only shortlisted candidates will be notified.

By submitting your personal data and/or resume, you will be deemed to have

agreed and consented to us collecting, using, retaining, and disclosing your personal information to prospective employers for their consideration.

Joselito Peciller | EA Reg No: R25126580

Vacancy posted 6 days ago
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