KPMG in Singapore is part of a global organization of independent professional services firms providing Audit, Tax and Advisory services. We operate in 138 countries and territories with more than 276,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.

Job Description

The financial services landscape is evolving at an unprecedented pace of change and KPMG is at the heart of this change. At KPMG, you will work across a broad range of financial institutions, including private banks, commercial banks, digital banks, capital markets intermediaries, payment services providers, and fintechs. Our global network of experienced professionals offer tailored services to clients and provide deep industry knowledge, insightful opinions, and technology-enabled delivery to help improve processes, governance and strategy to address financial and operational risks and drive business performance. You will help financial institutions enhance performance, enable better decision-making and satisfy compliance demands by shaping their risk strategy, improving risk-adjusted performance and implementing pragmatic recommendations.

You would be expected to contribute in the following ways:

Being a key team player in helping our fintech and digital banking clients uplift their regulatory compliance processes and controls, including development of regulatory policies and procedures and sharing of insights and best practices by leveraging the knowledge base and capabilities of our Global Fintech network
Working with financial institutions on regulatory compliance matters such as advising on regulatory definitions and interpretations, performing quality reviews of existing risk processes and controls and developing relevant regulatory risk processes and controls to help manage the institutions regulatory obligations
Collaborating with clients to identify potential growth opportunities and establish new business lines in Singapore (e.g. review business plans and licence applications, review new products or services, define new target operating models, re-design current processes)
Developing regulatory governance frameworks, policies and procedures to enable effective management of regulatory risks for financial institutions
Providing internal audit services to financial institutions
Providing regulatory specialist resources to financial institutions to assist them in special projects, to support short-to-long term regulatory projects
Providing customised training for clients including senior executives of financial institutions on banking and capital markets laws and regulations
Working with our Solutions team on ideation and development of regulatory tools to enable our clients manage their regulatory risks efficiently
Keep up-to-date with technology trends in the financial services industry and bring any learnings to the table as to drive the successful adoption of innovative solutions for clients
Supporting business development initiatives, including the preparation and presentation of proposals
Working with project leads to help manage client stakeholders, project delivery timelines and delivery quality

Experience And Skills Required

Excellent academic background, including a Bachelor or Master degree in Accountancy, Banking and Finance, or Law. Professional qualification in CFA/FRM would be a plus
At least 2-3 years of relevant experience in financial institutions, compliance advisory firms, or public accounting firms
Sound understanding of the key operations of a banking institution, capital markets intermediary and/or payment services provider. An understanding of derivatives and financial instruments is required
Knowledge of the Singapore's Banking Act, Securities and Futures Act, Financial Advisers Act, and/or Payment Services Act and the relevant subsidiary legislations and regulatory requirements issued by the Monetary Authority of Singapore
Keen interest in risk and controls, fintech/regtech, as well as the financial services landscape
Ability to work across KPMG and our clients at different levels in the organisation and with people from different cultures. KPMG is a globally minded organisation
Exceptional analytical, problem solving and presentation/report writing skills, combined with a good understanding of business dynamics and commercial value drivers
High proficiency in both verbal and written English is essential

Only shortlisted candidates will be contacted by KPMG Talent Acquisition team, personal data collected will be used for recruitment purposes only.

At KPMG in Singapore we are committed to creating a diverse and inclusive workplace. We believe that diversity of thought, background and experience strengthens relationships and delivers meaningful benefits to our people, our clients and communities. As an equal opportunity employer, all qualified applicants will receive consideration for employment regardless of age, race, gender identity or expression, colour, marital status, religion, sexual orientation, disability, or other non-merit factors. We celebrate the different talents that our people bring and support every staff member in their journey to achieve personal and professional growth. One of the ways we do this is through Take Charge: Flexi-work, our flexible working framework which enables agile and innovative teams to help deliver our business goals.

FS Consulting, RRA, Regulatory Compliance Senior Associate