The Regulatory & Compliance Officer is responsible for providing regulatory advisory support, ensuring adherence to regulatory requirements, and supporting the organisation's compliance framework. This role involves working closely with business units, senior management, external stakeholders, and regulatory authorities to ensure timely compliance, effective risk management, and accurate reporting.
Key Responsibilities
Regulatory Advisory & Support
- Provide regulatory advice and support to Business Units and Senior Management on regulatory requirements and compliance matters.
- Advise Business Units on the impact of new or updated regulations issued by the Authorities.
- Provide compliance views on new business initiatives, products, or proposals from Business Development teams.
- Liaise with Legal on agreements, contracts, and regulatory or legal queries (e.g., quarterly legal risk reporting, material regulatory correspondences).
Regulatory Monitoring & Compliance Management
- Conduct gap analyses (e.g., FAROM) for regulatory updates issued by the Authorities and identify required actions.
- Ensure follow-up with Business Units to close identified gaps and ensure full compliance with regulatory expectations.
- Review, maintain, and update the Regulatory Register and MAS Correspondences Register.
- Disseminate new or amended regulatory requirements to Senior Management, highlighting key implications and required actions.
Marketing & Communications Compliance
- Review marketing materials, presentation decks, and advertisements submitted by Representatives or Branches in accordance with regulatory requirements.
- Provide timely feedback as part of the PIAS Marketing Review Team.
- Handle Representative queries confidently and accurately via email or phone.
- Conduct thematic audits of Branch Websites and social media platforms to ensure compliance with marketing standards.
- Work closely with the Complaints Investigation Team on complaints or feedback involving marketing materials.
Regulatory Reporting & Audit Coordination
- Ensure accurate and timely submission of regulatory reports, including the annual MAS Questionnaire on Financial Advisory Services and any ad-hoc submissions requested by MAS or Senior Management.
- Attend to queries from the Authorities (e.g., MAS) and coordinate regulatory inspections.
- Collate, consolidate, and submit responses for MAS Circulars, Consultation Papers, and regulatory surveys.
- Support External Auditors (e.g., KPMG) and Internal Auditors (e.g., ORCM) by responding to queries and providing required information.
Compliance Operations & Internal Coordination
- Review incoming communications in the PIAS Compliance mailbox and assign to appropriate owners (e.g., Financial Crime, BSC).
- Prepare and present regulatory updates and key compliance matters during quarterly Directors Meetings.
- Work collaboratively across departments to ensure enterprise-wide compliance with applicable laws and regulations.
Ad-hoc Responsibilities
- Participate in compliance-related projects, initiatives, and any other tasks assigned by the Head of Compliance.
Qualifications & Requirements (optional Section If Needed)
- Degree in Law, Business, Finance, or related discipline.
- Minimum 4 years of experience in compliance, regulatory advisory, or financial services.
- Strong understanding of MAS regulations and financial advisory guidelines.
- Excellent communication skills (written and verbal).
- Good analytical and problem-solving skills.
- Ability to work independently and manage multiple priorities.
