What are the responsibilities and job description for the Senior Analyst, Regulatory Compliance position at Nium Pte Ltd.?
Nium is looking to expand its local Regulatory Compliance team to strengthen its oversight capabilities. We are searching for a driven individual who is keen to work in a fast-paced and dynamic environment and is passionate about Compliance.
This role will report to the VP of Compliance and will closely collaborate with the local Head of Compliance, Deputy MLRO, and the global Compliance team.
Key Responsibilities
- Develop and maintain policies and procedures to ensure compliance with relevant regulations and industry standards, including reviewing and updating existing policies as necessary.
- Prepare and submit internal and external reporting such as internal MI and regulatory filings to the regulator, ensuring accuracy and timeliness, and collaborating with other teams to obtain the required information.
- Coordinate and assist in regulatory audits including preparing documentation, responding to enquiries, and implementing remediation efforts as needed.
- Conduct risk assessments related to regulatory compliance and develop strategies to mitigate identified risks. This may involve collaborating with other departments such as risk management and internal audit.
- Provide regulatory advisory to relevant internal and external teams, such as sales and onboarding, to support the client onboarding process, as well as supporting the product and technical teams with product updates / changes.
- Perform assurance reviews on tasks such as customer onboarding and transaction monitoring.
- Develop and deliver coaching and training to develop other team members based on regulatory compliance, policies and procedures, as well as findings identified as part of assurance (e.g. handling of onboarding cases, handling of screening and transaction monitoring alerts, etc.)
- Review and investigate suspicious activity and prepare information for SAR submission.
- Handle external information requests (law enforcement / partners).
- Assist with the implementation of the Compliance Monitoring Plan across the business.
- Serve as a point of contact for external parties such as banking partners and the regulator.
- Stay up-to-date with regulatory developments and changes in the electronic money and financial services industry, and assess their impact on the institution. Provide recommendations for compliance strategies accordingly.
- Assist HoC / MLRO and DMLRO in other capacities deemed necessary.
Requirements
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