Roles & Responsibilities

Job Purpose

To support the Head of Compliance of Singapore Branch in providing regulatory compliance related advisory, managing compliance program and carrying out compliance monitoring and reviews to ensure Bank'scompliance with applicable laws and regulations, including Banking Act, Securities & Futures Act (SFA), Financial Advisers Act (FAA) and relevant MAS Notices and Guidelines for Banks.

Job Responsibilities

Review the current compliance controls of the Bank, and identify proper actions for improvement if necessary
Perform gap analysis on relevant new and updated regulations and implement new processes and controls to address any regulatory gaps
Review gap analysis on relevant new and updated regulations performed by BU & SU, as an independent party
Review and update policies and procedures maintained by Compliance Department
Review new products assessments proposed from Private Banking and Wholesale Banking business units
Assist in the development and maintenance of regulatory compliance testing & assurance framework, and conduct testing according to such framework to identify control or executional weaknesses
Perform monitoring and testing on Private Banking key processes, such as investment sales process, customer suitability assessment, and trade execution and dealing processes, to identify any mis-selling, mis-conduct, and deviation from best execution policies
Undertake investigations into any complaints reported or made by both internal and external customers
Prepare regular Compliance reporting to local Senior Management and Head Office Management and key stakeholders
Provide timely circulation of new and updated regulations to the relevant BU & SU, and advise on the regulatory expectations and recommended actions
Address inspection queries and follow up on compliance related audit and assurance findings from the internal and external auditors and regulators
Provide support to business and/or supporting units in the development, implementation and regular review of policies and procedures for their operations with regard to applicable regulatory requirements on fair dealing, outsourcing, business continuity management, etc.
Provide regulatory compliance related training to Branch employees, and guide and supervise junior Compliance staff on their BAU operations
Assist with Operational Risk related BAU tasks within Compliance Department, such as High Risk NOVA assessment, outsourcing risk assessment, monthly reporting of KRIs, bi-annual review of Unit Specific KRIs
Work and coordinate with external legal counsel for legal advisory and assignments arising from BU/SU or Compliance Department
To perform assignments from time to time as required by Head of Department & Branch Manager.
Support frontline and adhere to anti-money laundering / counter terrorist financing requirement and sanction risks controls in accordance with regulatory standards and CNCBI policies

Job Requirements

At least 8 years of relevant experience in the regulatory, compliance or advisory roles in banks (Private Banking is a plus)
Professional Compliance qualifications are preferred, such as ICA & ACAMS
Experience in PB Investment sales and advisory monitoring framework
Experience in providing advisory on general banking regulatory matters
Experience in maintaining banking regulatory compliance program and framework
Experience in KYC (including name screening) and transaction monitoring review for Private Banking clients is a plus
A team player with strong communication and interpersonal skills
Strong analytical and problem solving skills and meticulous
Self-motivated and resourceful able to multi task and focus on delivering results,

Assistant Vice President - Compliance, Policy & Regulatory

Assistant Vice President, Compliance

Assistant Vice President, Regulatory Compliance