AML/CFT, Financial Crime Compliance Assistant Manager/Manager

About CMC Markets:

CMC Markets is a global leader in CFD trading and share investing. Our vision is to provide the ultimate online trading experience so everyone can achieve their financial potential. Since our launch in London in 1989, we’ve expanded globally with offices across Europe and Asia Pacific. Over 1.2 million clients make 67 million trades with us every year, and we’re still growing.

Why you’ll love working at CMC Markets:

Growth: CMFAS (Financial Regulatory) qualification, Linkedin learning, internal opportunities, intensive training and support from the L&D team. Team: You’ll work alongside a collaborative and diverse team with supportive Team Leader that all value an amazing workplace culture. Social: We have our own in-house Culture Club that organises a bunch of activities such as: Parties, Dinners, Networking events, bowling etc. We also have social clubs where like-minded colleagues can bond over ocean swimming, fine dining or gaming etc. Perks: Day off for your birthday, free breakfast and coffee every day, additional day of leave after each year of service, volunteer opportunities, discounted rates at various retail stores.

ROLE AND RESPONSIBILITIES (include but are not limited to):

Regulatory Compliance:

• Maintain policies and procedures to ensure compliance with AML/CFT regulations, financial crime laws, and trade surveillance requirements.
• Monitor and interpret changes in relevant laws and regulations, and adjust internal compliance strategies accordingly.

AML/CFT Framework Management:

• Maintain and update the company’s AML/CFT program, including customer due diligence (CDD), enhanced due diligence (EDD), and Know Your Customer (KYC) procedures.
• Oversee the transaction monitoring system to identify suspicious activities, including unusual trading patterns that may suggest money laundering, terrorist financing, or market manipulation.
• Ensure periodic risk assessments to evaluate and mitigate risks related to money laundering and financial crime.

Trade Surveillance Program:

• Develop and manage the firm’s trade surveillance program to detect, investigate, and address potentially abusive trading practices, such as insider trading, front-running, and market manipulation.
• Set up systems and tools to monitor trading activities across various asset classes, ensuring timely identification of suspicious trading behaviors.
• Conduct detailed investigations into flagged trades, determine their legitimacy, and escalate cases for further action when necessary.
• Report any potential market abuse cases to the relevant authorities and manage communications related to these reports.

Financial Crime Prevention:

• Lead investigations into potential financial crimes, including money laundering, fraud, bribery, market manipulation, and other types of financial misconduct.
• Conduct enhanced due diligence on high-risk customers, ensuring they meet compliance standards.
• Manage the filing of suspicious activity reports (SARs) with the appropriate regulatory bodies and financial intelligence units.
• Recommend strategies to mitigate financial crime risks across the organization.

Training and Awareness:

• Develop and deliver comprehensive training programs on AML/CFT, financial crime, and trade surveillance for all employees, ensuring they understand their compliance obligations.
• Maintain continuous education for compliance staff on evolving regulatory trends, financial crime typologies, and trade surveillance techniques.
• Promote a culture of compliance within the organization by engaging employees in compliance awareness programs.

Monitoring and Reporting:

• Establish and maintain systems for transaction and trade monitoring, ensuring ongoing detection of suspicious activities.
• Prepare regular reports on the company’s AML/CFT program, trade surveillance findings, and financial crime risks for senior management, the board of directors, and regulatory bodies.
• Work with internal and external auditors to conduct periodic reviews of the company’s compliance frameworks, including trade surveillance practices.

Risk Management:

• Conduct regular assessments of the company’s exposure to AML/CFT risks, financial crimes, and trading violations, and develop appropriate mitigation strategies.
• Collaborate with risk management and front-office teams to align financial crime compliance and trade surveillance with the company’s overall risk management framework.
• Evaluate third-party relationships and ensure that vendors and partners comply with the company’s compliance standards.

KEY SKILLS AND EXPERIENCE

• Minimum five years’ experience in a Singapore AML/CFT role in a brokerage business
• Tertiary educated in Economics, Law, Business, Accounting or other suitable qualification
• Good understanding of Singapore and global AML/CFT and FCC regulations impacting broker dealer firms; and thorough understanding of good compliance practices.

KEY OBJECTIVES/KPIS

• As per performance review

COMPETENCIES

• Business Acumen
• Influencing
• Teamwork
• Leading Others
• Results focused

CMC Markets is powered by our people. We are an equal opportunities employer and are committed to creating a diverse and inclusive workplace, where our people feel confident to be themselves, feel valued and are able to do their best work. We don’t just value differences and unique perspectives, we seek them out and we invite them in, because we know it will lead to better outcomes for everyone.