Compliance Associate

Role overview

Shinhan Bank Singapore is looking for a Compliance Associate to support banking compliance, AML/CFT controls, and financial crime prevention activities in Singapore.

Key accountabilities

• Provide advice on product suitability, sales conduct, compliance duties, conflicts of interest, and fair dealing expectations.
• Handle the preparation of Statement of Wealth (SOW) materials, target market reviews, and sales control checks.
• Respond to customer complaints and suspected regulatory breaches, and ensure any misconduct concerns are escalated quickly.
• Monitor transaction alerts, perform detailed investigations, and identify suspicious activity that may require escalation and submission of Suspicious Transaction Reports (STRs).
• Support customer due diligence (CDD) and enhanced due diligence (EDD) reviews for new and higher-risk customers, including cases involving layered ownership structures and cross-border relationships.
• Prepare, review, and file STRs with the Monetary Authority of Singapore (MAS) and the Suspicious Transaction Reporting Office (STRO) within regulatory timelines.
• Conduct AML/CFT risk assessments, strengthen internal controls, and drive remediation actions to close identified compliance gaps.

Requirements

• A bachelor’s degree in Finance, Business, Law, or a closely related field is required.
• Professional certifications in AML, such as ACAMS, ICA, or an equivalent qualification, are preferred.
• At least 2 years of relevant experience in banking or financial services is needed; direct exposure to AML/CFT or financial crime compliance is strongly preferred.
• You should have a solid understanding of MAS Notice 626, MAS AML/CFT Guidelines, and global AML/CFT frameworks such as FATF.
• Business-fluent Korean is an advantage, especially for working with head office teams and Korean clients.

Additional information

This is a full-time, onsite role based in Singapore.