Regine Cheng Email & Phone Number

Singapore

Singapore

Financial Crime Compliance:- Part of the team that established the compliance framework of Lu International to provide independent oversight on the company’s regulatory and AML/CFT risks. - Rolled out regtech enhancements to streamline AML/CFT related processes by leveraging on Optical Character Recognition, Facial Recognition and GPS technology.- Project lead for regulatory related enhancements to the Lu Global app. The enhancements ranged from improving customers’ front-end… Show more Financial Crime Compliance:- Part of the team that established the compliance framework of Lu International to provide independent oversight on the company’s regulatory and AML/CFT risks. - Rolled out regtech enhancements to streamline AML/CFT related processes by leveraging on Optical Character Recognition, Facial Recognition and GPS technology.- Project lead for regulatory related enhancements to the Lu Global app. The enhancements ranged from improving customers’ front-end experience to more effective and efficient monitoring in the back-end system.- Fine-tuned the fuzzy logic of name screening alerts and in-built system rules to logically assess false positives alerts. Performed back test to validate the revised fuzzy logic and system rules. Number of false positive alerts reduced by approximately 40%.- Re-calibrated transaction monitoring parameters and thresholds to be more relevant to the business profile and customer transaction behaviour.- Conducted investigations on alerts escalated by first and second level reviewers to determine if a STR is required- Performed quality assurance reviews on customer due diligence measures conducted.Regulatory Compliance:- MAS and audit liaison officer for all regulatory matters. Lu International had no regulatory related audit findings for two consecutive years (2019-2020). - Advised and approved marketing and product materials on our APP and other social media to ensure business operates within the boundaries of permissible business.- Assisted in the preparation of FATCA and CRS reporting.- Rolled out User Access Management process, taking into consideration “never alone”, “segregation of duties” and “least privilege” principles. Show less

Singapore

Regulatory Reporting:- Primarily responsible for the preparation of MAS Notice 649 Minimum Liquid Asset and Liquidity Coverage Ratio, which includes data retrieval, analysis and compilation of information on a fortnightly and monthly basis.- Handled ad-hoc inquires from MAS regarding the regulatory returns submissions.- Project lead to resolve of data quality issues to improve and automate existing reporting processes.- Assisted in the preparation of annual financial statements.

Singapore

Assurance & Compliance:- Examined financial statements of banks and other financial institutions by understanding the business drivers, associated risks and their potential effect on financial statement accounts.- Led various teams of 4 – 7 members in audit engagements with tight time schedules to deliver long form reports and financial statements. - Identified areas of improvements in clients’ internal processes across various functions. Recommendations were well received by the… Show more Assurance & Compliance:- Examined financial statements of banks and other financial institutions by understanding the business drivers, associated risks and their potential effect on financial statement accounts.- Led various teams of 4 – 7 members in audit engagements with tight time schedules to deliver long form reports and financial statements. - Identified areas of improvements in clients’ internal processes across various functions. Recommendations were well received by the management of the local bank. - Seconded to a private bank to perform KYC reviews on their migrated customers from acquisition of another private banking business. Scope of work includes liaising with the relationship managers to ensure adequate information obtained to corroborate clients’ source of wealth, and ensuring key KYC documents were migrated. - Reviewed the compliance processes of several banks and securities brokerage firms. Scope of work includes reviewing the entity’s adherence to its licensing conditions, design and operating effectiveness of selected processes – account opening, client on boarding, client due diligence reviews, HR matters (including representative notification framework), personal account dealing and outsourcing.- Involved in a compliance audit to assess a bank’s remediation efforts to address Anti-Money Laundering/Countering Terrorism Financing concerns highlighted by regulators.- Provided coaching to junior team members to develop their skills and technical knowledge in accounting, auditing and regulatory fields. Show less

Bachelor In Commerce, 1St Major Accounting, 2Nd Major Finance

Diploma, Accounting And Finance