James Foo, CAMS-RM
AML Manager / MLRO at Guotai Junan Futures- Claim this Profile
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English Native or bilingual proficiency
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Chinese Native or bilingual proficiency
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Indonesian Elementary proficiency
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Cantonese Elementary proficiency
Topline Score
Bio
Credentials
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Certified Compliance Manager (CCM)
Global Compliance InstituteJun, 2023- Nov, 2024 -
Advanced Certified AML Specialist - Risk Management
ACAMSSep, 2022- Nov, 2024 -
Certified AML FinTech Compliance Associate
ACAMSJun, 2021- Nov, 2024 -
Certified KYC Associate
ACAMSFeb, 2021- Nov, 2024 -
Singapore AML Regime Certification
ACAMSNov, 2020- Nov, 2024 -
Certified Anti-Money Laundering Specialist
ACAMSJun, 2020- Nov, 2024
Experience
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Guotai Junan Futures
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China
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Financial Services
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1 - 100 Employee
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AML Manager / MLRO
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Aug 2022 - Present
- Established a comprehensive AML framework and develop, implement, and maintain relevant policies, procedures and manuals - designed and developed client account-related forms - Conducted appropriate due diligence on persons, accounts, or activities in accordance with AML regulations - Addressed AML/CFT risks identified during the name screening and ongoing monitoring processes and reviewed AML/CFT risk assessments on new clients to ensure accurate risk categorization. - Provided guidance to internal stakeholders on AML regulatory requirements, policies, procedures, and areas of AML/CFT, including sanctions - Conducted AML/CFT focused training sessions and building team knowledge base on compliance and regulatory measures - Implemented a name screening solution to effectively track new and existing clients regarding penalties, PEP status, prohibited lists, blacklists, and negative media data - Acted as a SME or the Business and Client Onboarding teams on client documentation and KYC/CDD subjects - Monitored changes in AML and other regulatory requirements, promptly advised the company on such developments, ensuring company-wide policy, procedure and process adherence - Assisted Compliance Head in formulating core compliance policies (i.e., ABC, G&E, Whistleblowing, PDPA), as well as ensuring company employees adhere to internal compliance policy requirements (i.e., staff dealing, outside business interests, gift and entertainment, conflict of interest etc.) - Supported various license application processes (CMS, SGX) by developing necessary materials, addressing queries and coordinating regulatory responses - Prepared monthly AML/CFT updates to the Compliance team in China HQ, including communicating regulator expectations and managing status and progress updates on compliance projects - Facilitated the annual CRS/FATCA reporting process - Provided mentorship to interns and fostering their professional development through constructive feedback and guidance Show less
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LGT Private Banking
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Liechtenstein
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Banking
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700 & Above Employee
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Associate Director
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Jul 2021 - Aug 2022
- Assisted in the allocation of team resources to clear static data backlogs within the stipulated timeframe and ensuring static data requests are consistently processed within the defined SLAs, resulting in consistent nil backlogs - Reviewed KYC and client documentation and validated client static data input in Avaloq encompassing account opening and closure, corporate structure changes, e-banking services, signatories updates, among other critical operations - Tracked and ensured static data requests are processed accurately and timely, ensuring adherence to the defined SLAs. - Provided guidance to the front office and advising on static data related matters. - Collaboratively worked with the regional change management team to enhance efficiency in work processes and assisted in drafting change request documentation - Prepared various weekly and monthly control reports to ensure data integrity - Actively contributed to the overhaul of internal SOP manuals - Conducted training and provided guidance to data remediation team on systems and work processes Show less
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Nomura
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Financial Services
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700 & Above Employee
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KYC Analyst
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May 2019 - Jul 2021
- Directed a team of 6 external consultants, strategically managing their account onboarding progress and providing advisory support to the team - Undertook cross-training in account opening and periodic review teams - Performed KYC documentation and SOW review of various clients (i.e. individuals/joint account, PICs, Trusts, Introducers, EAMs) as a maker and checker roles in accordance with internal and regulatory guidelines - Identified accurate risk rating for various account structures, highlighting high-risk jurisdictions, business and PEPs/RCAs - Conducted background screenings on individuals and entities, analysed negative media found and provided assessment for hit dispositions - Validated CRS and FATCA forms via vendor tool prior to client onboarding - Ensured client KYC data is accurately captured in in Avaloq - Ensured completeness of documentation package and submit to Compliance and Senior Management for approval of KYC Recertification for High-Risk clients (including PEPs) - Reviewed alerts triggered by Actimize and conducted thorough investigation to determine true/false matches - Provided guidance to front office, acting as a subject matter expert and advising on enquiries pertaining to AML and KYC - Conducted BAU focused trainings for new team members and external consultants and shared insights gained from BAU with the KYC team - Revamped and drafted internal SOPs for account opening. - Participated in various UATs (i.e., Actimize and DDIQ), collaborating with IT and Compliance to improve hit accuracy and minimize false positives. - Implemented a e-signature solution within the KYC team - Assumed responsibility for the physical and electronic archival of client documents Show less
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BNP Paribas
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France
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Banking
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700 & Above Employee
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Compliance Associate
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Oct 2017 - May 2019
- Reviewed client profiles (individuals, domiciliary companies, legal entities, trusts, foundations) prior to account opening to ensure conformity to internal and regulatory requirements on AML/CFT/CDD standards - Provided advisory support to Business with regards to due diligence/KYC standards on applicable internal policies and regulatory requirements - Identified accurate risk ratings for individual/non-individual accounts to highlight high-risk jurisdictions, cash intensive/high risk business and Politically Exposed Persons (PEPs) or Relatives or Close Associates (RCAs) - Conducted extensive research on clients and collect corroborative information to evidence clients’ profile, source of funds, source of wealth, ownership structure, key account parties, geographical foot print, adverse news, PEPs and other relevant information adhering to policy and procedures - Ensured completeness of KYC/SoW information and supporting documents to satisfy compliance requirements - Prepared narrative summary of findings for each individual review, including a detailed recommendation for further action, to be presented in the Client Acceptance Committee (CAC) meeting with the objective of obtaining business and compliance management approval to onboard/maintain relationship - Performed periodic KYC reviews on risk-based schedule - Reviewed and analysed transactions of client’s accounts via transactional monitoring tool to ensure that they are in line with expected transactional profile of the client - Conducted investigations and filing suspicious transactions reports (STRs) - Attended internal compliance training sessions to ensure appropriate knowledge of the latest developments in AML Show less
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PwC Singapore
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Singapore
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Accounting
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700 & Above Employee
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Senior Associate
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Nov 2014 - Oct 2017
PwC Singapore provides a comprehensive range of professional and support services through our three Lines of Services (LoS), namely Assurance, Tax, and Advisory, as well as through our industry and market segment focus across more than 24 industries. Solid experience in AML/KYC/CDD spectrum, industry-wide business continuity exercise (Exercise Raffles), FI payment internal controls assessment as well as sustainability reporting for SGX-listed companies. Clients served include major financial institutions, REITS and listed MNCs. Show less
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BTL Solution Pte Ltd
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Singapore
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Business Executive / Product Specialist
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May 2013 - Oct 2014
- 3-month secondment to HQ in Hangzhou, China for product training - Assisted top level executives with payment claims and other administrative duties - Designed company’s name card - Implemented e-document management system (via Dropbox) - Acquired knowledge of VMware for product demonstrations - Troubleshoot technical issues in POS terminals and card recycling modules - Published a white paper on ATM Marketplace on providing solutions for retained ATM cards - Conducted presentations and product demonstrations to potential clients - Advised clients on the possible process implementation and integration of BTL’s solutions into their existing process infrastructure Show less
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Cassis International
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Singapore
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IT Services and IT Consulting
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1 - 100 Employee
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Business Executive
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Apr 2010 - Mar 2013
- Trained and supervised 2 part-time staff - Established and pioneered the IT helpdesk for Singapore HQ to provide support to end-users on all desktop hardware, software and network issues - Assisted in the budgeting for IT department with IT Infrastructure Manager - Recommended procurement of new servers to support existing projects - Maintained IT hardware and software inventory tracking for APAC region - Recommended procurement of new IT hardware to the management, which was subsequently approved. Resulted in higher productivity and faster project completion - Design company’s intranet for employees to have access to sensitive information over secured network - Oversaw the office renovation project within a tight budget and timeframe - Implemented an energy-saving campaign, which resulted in 20% decrease in usage Show less
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Singapore Armed Forces
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Defense & Space
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700 & Above Employee
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Military Policeman
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Jun 2006 - Jun 2008
Highly specialised role in guarding the premises of the Ministry of Defence Highly specialised role in guarding the premises of the Ministry of Defence
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Education
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2008 - 2012
RMIT University
Bachelor of Business (Management), Management, Business Finance (Major), Marketing (Minor) -
2003 - 2006
Singapore Polytechnic
Diploma in Chemical Engineering, Chemical Engineering -
1999 - 2002
Bukit Batok Secondary School
GCE Ordinary Levels
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