AFC Compliance Testing - Associate

Employer
Danos Consulting
Location
Singapore, Singapore
Salary
S$75k - S$90k
Posted
28 Jul 2022
Closes
27 Aug 2022
Ref
16082515
Job Function
Compliance/Regulatory
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
  • Play a key role in supporting the execution of the testing program for L1 and L2 controls
  • Participate in the creation of testing plans for areas of identified potential AFC risk
  • Maintain the current Testing approach and methodology consistent and up-to-date
  • Undertake Tests / Reviews/Checks and assessments of the business records in line with the AFC Testing Plan while working in close coordination with the Global AFC Testing & QA team under the wider Controls Testing & Assurance function
  • Prepare reports for submission to the Global AFC Testing teams in hub locations detailing the work performed, findings, conclusions and recommendations
  • Collaboration with various AFC and Business (1LOD) stakeholders to ensure the implementation of adequate and effective testing program for APAC that meet both BaFin and local regulatory requirements
  • Liaising regularly with relevant businesses, Business Line AFC Compliance and other colleagues to remain abreast of developments as it pertains to AFCT; ensuring stakeholders are aware of the likely impact on the controls testing program and implementing changes where necessary
  • Ensuring that all issues raised in AFCT have adequate remediation plans that are tracked and escalated promptly and appropriately
  • Conduct Quality assurance reviews on transaction monitoring processes in the Asia Pacific.
  • Compiling reports and trend analysis in preparation for discussion with key Stakeholders from AFC, Business and GTO functions, identifying key issues and areas for improvement
  • Sharing best practice and learnings with AFCT colleagues locally/regionally/globally
  • Staying abreast of all regulatory developments which may impact monitoring requirements

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