Thomas Tan

Background

About Thomas Tan

As an Executive Director at EY, Thomas has 17 years of external audit and regulatory compliance experience in the banking industry, including 3 years’ of commercial exposure. Before joining EY, he was assisting the Head of Legal and Compliance of a Swiss Private Bank, with oversight in AML/CFT, investment suitability as well as other regulatory compliance advisory matters. During his stint in EY, he took on the role of a Regulatory Lead in the review of a major local bank’s Group Compliance function. In addition, he was the Workstream and Overall Team Lead for a 15-month global outsourcing risk management review at a multinational banking institution under a regulator's directive. In the AML space, he played a pivotal role in the design of a Group-wide AML Risk Assessment Questionnaire and Heat Map for multiple business segments of a regional bank. He was also the engagement lead for a global AML project spanning across more than 15 entities, focusing on performing gap analysis and independent testing of AML regulations as well as conducting critical system validation of the various transaction monitoring and sanctions screening systems. In relation to new set ups, he led a 12 month project setting up a wholesale bank branch in Singapore, delivering detailed analysis of the bank's internal policies and procedures against MAS' requirements, advising them in matters relating to the applicable MAS Banking Act regulatory returns, including detailed mapping of the bank's chart of accounts to MAS regulatory submissions.