Clarence Wong, CAMS
Singapore
Summary
Strategic risk and compliance professional with over a decade of experience in the banking industry. Demonstrated expertise in conducting risk assessments, developing governance frameworks, and ensuring regulatory compliance to uphold organizational integrity and operational excellence. Skilled in implementing innovative compliance solutions, performing cross-functional risk assessments, and fostering strong stakeholder relationships to drive measurable business outcomes.
Overview
12
12
years of professional experience
5
5
years of post-secondary education
2
2
Certifications
2
2
Languages
Work History
Director – Business Risk Manager Advisory & Sales APAC
UBS
10.2019 - Current
- Spearheaded the development of risk management strategies tailored to local markets, reducing control failures by 70% across the region
- Delivered tailored risk advisory services and compliance training to 2,000+ employees, enhancing risk awareness and operational readiness
- Conducted cross-functional risk assessments, facilitating the successful launch of innovative banking solutions like Circle One
- Strengthened governance by developing internal controls aligned with global standards and regulatory requirements
- Partnered with senior management to provide actionable risk insights, influencing strategic decisions across APAC
- Led regulatory response preparation and audit management, ensuring adherence to MAS and global compliance frameworks
Assistant Manager - Risk, Regulations and Compliance
PwC
02.2018 - 10.2019
- Directed a team in designing a corporate governance framework, achieving alignment with industry standards and regulatory expectations
- Led investigations into market conduct activities, identifying and mitigating compliance risks with actionable recommendations
- Developed and executed compliance training programs, fostering an organizational culture of integrity and compliance
- Enhanced monitoring systems to preempt unethical practices, ensuring adherence to AML, KYC, and ABC standards
Compliance Associate
ANZ Banking Group
04.2014 - 01.2018
- Conducted KYC/AML screenings and due diligence for client onboarding, ensuring compliance with global AML/CFT regulations
- Implemented governance reviews and internal audits, identifying control gaps and driving process improvements
- Advised management on compliance policies for OTC products, enhancing adherence to regulatory standards
- Collaborated with internal stakeholders to address compliance risks, contributing to stronger organizational governance
Client Onboarding Analyst
Bank of America Merill Lynch
02.2013 - 04.2014
- Implemented risk-based monitoring systems, improving compliance processes for regulatory adherence under BSA/AML and OFAC guidelines
- Participated in audit remediation projects, streamlining internal controls and compliance reporting frameworks
- Leveraged tools like Bloomberg and LexisNexis for enhanced due diligence, supporting risk-based client assessments
Education
Business Administration - Financial Analysis
University At Buffalo
08.2010 - 01.2013
Diploma in Civil and Structural Engineering -
Singapore Polytechnic
05.2005 - 05.2008
Skills
Risk and Governance
AML / KYC Compliance
Fraud and Investigation
Problem-solving
Project Management
Risk Management
Data Analytics
Anti-bribery & Anti-corruption
Regulatory Reporting
Certification
Certified Anti-Money Laundering Specialist (ACAMS)
Accomplishments
- Led an investigation uncovering insider trading worth over USD 10M.
- Successfully designed and executed a risk framework for Circle One, driving operational compliance for a first-in-market digital banking application.
- Designed and delivered comprehensive training programs on risk frameworks, engaging 2,000+ stakeholders across multiple functions to enhance organizational compliance and risk awareness.
Timeline
Director – Business Risk Manager Advisory & Sales APAC
UBS
10.2019 - Current
Assistant Manager - Risk, Regulations and Compliance
PwC
02.2018 - 10.2019
Compliance Associate
ANZ Banking Group
04.2014 - 01.2018
Client Onboarding Analyst
Bank of America Merill Lynch
02.2013 - 04.2014
Business Administration - Financial Analysis
University At Buffalo
08.2010 - 01.2013
Diploma in Civil and Structural Engineering -
Singapore Polytechnic
05.2005 - 05.2008
Certified Anti-Money Laundering Specialist (ACAMS)
Certified Fraud Examiner (In-Progress)
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