Job Purpose:
To be responsible for ensuring that the REIT and its Manager, and the Business Trust and its Trustee-Manager adhere to all regulatory requirements set by the Monetary Authority of Singapore (MAS), the Singapore Exchange (SGX), and other relevant authorities.
Given our focus on the hospitality sector, you will navigate the intersection of complex real estate transactions and the operational nuances of hotel management across multiple jurisdictions.
2. Main Responsibilities:
- Regulatory Oversight: Ensure compliance with the Securities and Futures Act (SFA), Securities and Futures Regulations, the Code on Collective Investment Schemes (Property Funds Appendix), Business Trusts Act (BTA), Business Trust Regulations, and SGX Listing Rules.
- Licensing & Reporting: Manage the Capital Markets Services (CMS) License requirements and handle all regulatory filings, including representative notifications and annual returns.
- Conflict Management: Monitor and manage Interested Person Transactions (IPTs) and ensure proper disclosure and benchmarking for hospitality-related service agreements.
- Advisory: Act as the primary point of contact for the Board and business units regarding the regulatory impact of new acquisitions, divestments, or hospitality management contracts.
- Cross-Border Regulatory Alignment: Monitor and ensure compliance with local property laws and hotel licensing requirements in Thailand (e.g., Hotel Act) and various European jurisdictions (e.g., GDPR, local tax residency rules).
- Foreign Investment Limits: Ensure the REIT adheres to Thailand's Foreign Business Act (FBA) and specific land ownership restrictions applicable to foreign-managed hospitality assets.
- International AML/CFT Standards: Align internal controls with the EU Anti-Money Laundering Directives (AMLD6) and Thailand's Anti-Money Laundering Office (AMLO) requirements to prevent illicit fund flows through international hotel operations.
- Global Data Privacy Management: Oversee a robust data protection framework that bridges the gap between Singapore's PDPA, the EU's GDPR, and Thailand's PDPA, especially concerning guest data shared between hotel operators and the REIT Manager.
- Master Lease & Management Oversight: Review and monitor compliance for Master Lease Agreements common in Europe and Hotel Management Agreements (HMAs) in Thailand to ensure transparency in fee structures and Interested Person considerations.
- Tax Compliance Coordination: Work with tax advisors to ensure compliance with Base Erosion and Profit Shifting (BEPS) pillars and local VAT/GST requirements for hospitality services in Europe and Thailand.
- ESG & Sustainability Reporting: Manage disclosures related to the EU Taxonomy and the Sustainable Finance Disclosure Regulation (SFDR) for European assets, integrating these into the REIT's annual Sustainability Report in Singapore.
- Training: Conduct regular compliance training for staff to foster a culture of integrity and awareness.
- Audit Coordination: Liaise with internal and external auditors during compliance reviews and implement any necessary remedial actions.
Other Duties:
- Adhere to the company's employee rules & regulations.
- Attend and contribute to all training sessions, meetings and activities as required.
- Always exercises responsible behaviour, positively representing the company.
- Maintains strong, professional relationship with relevant business partners.
- Ensure high standards of personal presentation and grooming.
- Keep the office and working areas clean and tidy at all times.
- Carry out any other reasonable duties and responsibilities as assigned.
3. Job Specifications:
Qualification:
- Strong understanding of the SFA, FBA, BTA, Securities and Futures Regulations, Business Trust Regulations, Code on Collective Investment Schemes (Property Funds Appendix), and SGX-ST Listing Manual.
- Strong command of spoken and written English and computer literacy.
- Be self-motivated, a strong team player and able to work under pressure and coordinating work.
- Excellent analytical skills and the ability to interpret complex legal jargon into actionable business advice.
- High Level of integrity, strong communication skills, and the ability to work independently
- As this is a regulated role, the successful candidate must meet the Fit and Proper criteria as defined by the Monetary Authority of Singapore.
Education:
- At least bachelor's degree in Law, Finance , Accountancy or a related field.
Experience:
- At least 2-5 years of compliance experience within a MAS-regulated entity preferred.
7. Minor Competency Profile (For certain job level):
Drive Profitable Growth through Partnerships
Shape Digital Strategy
- Hyper Collaboration
- Connected Decision Making
- Technology Savvy and Adaptability
Cultivate a Customer Focused Culture
Strengthen Talent for the Digital Age
- Customer Focus
- Coaching for Performance
