The otherwise moribund compliance job market is also being kept afloat by banks hiring compliance experts to work on new digital projects, and by payment companies (like Google Pay and Ant Financial) poaching banks` compliance staff. “Rapid digitalization and the resulting increased risk of money laundering” are leading to “fierce competition” for financial services compliance staff, said Fen Teo, deputy director of Robert Half in Singapore. Salary.com provides companies like yours with reliable global payroll data in more than 100 countries to attract and retain top talent. Our data includes more than 25,000 unique job titles across 8,000 organizations. Skills: Negotiation, licensing, legal documents, corporate governance, legal compliance, SD, litigation, legal research, compliance, intellectual property, freight, contract law, legal advice, pre-screening, legal compliance, legal issues However, if you want a position with good prospects for salary increase and career development, anti-money laundering (AML) may be your best bet, especially if you play an AML role in a Private Bank. The demand for AML candidates from private banks in Singapore is bucking the general downward trend and continues to rise. “This is due to the increasing focus on ultra-high net worth clients who have an appetite for more complex structured products and therefore need closer compliance monitoring,” Azman says. At most seniority levels, there is now little difference in pay between compliance jobs on our table. For example, at the Associate Vice President level, there is only a S$10,000 gap between market compliance (an average salary of S$100,000) and overall compliance (S$110,000). In the second half of the year, licensing to operate digital banks in Singapore is likely to trigger additional compliance attitudes, Azman said. That`s not to say you won`t still earn a good salary in a compliance job in Singapore – it`s just that the percentage increase you get for switching from one bank to another may not be as important as the last time you switched roles. Expect to get about 10% to 15% instead of 20% more, recruiters say.
Responsibilities: * You will support channel managers, sales representatives and respond to customer and prospect requests, maintain accurate and up-to-date records such as contracts, distribute compliance officers working on legal, management and compliance issues of a company. They ensure that their business is up to date with all regulatory requirements. His responsibilities include conducting audits, identifying issues, filing reports, providing advice to lawyers, assisting employees, analyzing sales, investigating customer complaints, guiding and training colleagues, monitoring compliance systems, and reviewing policies. Compliance officers generally need to be strong leaders because.. Read more A good compliance officer is familiar with legal guidelines and best practices in corporate governance. If you have a compliance job at a major bank in Singapore, you`ve probably gotten used to a dynamic job market in your role. And as a result, you`ve probably gotten used to accepting better salary raises than many of your peers in other parts of your bank. The Group Legal & Secretariat Manager provides and manages general legal support for the head office and all units of the different business units and functional areas within the Eu Yan Sang Group. As a compliance officer, you can expect the next salary scale. Tasks 1.
Assist in the review and drafting of contracts and agreements, forms, contract templates and other legal documents. 2. Support in the development and implementation of the company`s legal department Some education and training courses are required to become a compliance officer. What will be your compliance salary in the banking sector in Singapore? To find out, we averaged the compliance salary data provided to us by recruitment agencies Pure Search and Robert Half for six compliance positions. The results are presented in the first table below, which shows the average annual base salary in Singapore dollars from analyst to manager level. The second table shows the approximate area of compliance bonuses you should expect in the banking sector in Singapore as a percentage of salary. Legal Manager Perform and execute all aspects of our companies` internal legal advice, Corporate Secretary (Principal or Assistant), contract and procurement management functions. You`re going to cover yourself This year, however, things are changing. “Compliance teams in Singapore are working at full capacity after years of aggressive hiring,” said Zulkifli Azman, Associate Director of Financial Services Governance at Pure Search in Singapore. Banks have increased their investment in regulatory technology instead of focusing solely on hiring. “There seems to be more talent supply than compliance demand – this is a new trend,” Azman adds.
Responsibilities: – Consult with the hiring manager to create detailed job specifications, refine sourcing strategies, prioritize roles and agree on an agreed timeline for the recruitment process – Skills: Analytical approach, Ms Office Suite, Ensure compliance, Good interpersonal communication skills, Good communication skills, Intercultural communication skills, Legal advice, Kyc, Stakeholder management, oral and written communication skills, Aml How much does it cost to become a regulatory compliance officer in Singapore? The average salary of the Regulatory Compliance Officer in Singapore is S$142,416 on March 23, 2021, but the range is typically between S$105,957 and S$200,265. Salary ranges can vary widely, depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more global market data allowing you to rank your jobs worldwide and compare salaries for jobs in countries and cities using real-time compensation data, Salary.com helps you determine your exact salary goal. Senior International Compliance Officer (Digital Bank/Global Payments/Fintech) Vacancies * Leading Fintech Company * International compliance team with experience in global payments and/or businesses: IMC Manufacturing Location: Eastern Region Responsibilities: * Lead a team of accounting staff and monitor their daily operations (AP, AR, AA, GL) * Responsible for the year-end procedure, Skills: Licenses, Banking Policy, External Audit, International Trade, Regulatory Compliance, Enforcement, Accounting, Compliance, Regulatory Requirements, Financial Services.