The Regulatory Compliance team is responsible for ensuring the Bank meets all applicable Singapore regulatory requirements across all areas including but not limited to licensing, staff dealing, cross border requirements, accredited investors, controls and monitoring, etc.
Reporting to the Head of Regulatory Compliance, you will be responsible:
- To develop, implement and review the Compliance Monitoring programs (excluding AML Transaction monitoring) for the Bank so as to ensure that all employees understand all applicable in-country legal and regulatory requirements governing their respective businesses
- Conduct compliance reviews including selling process reviews and identify gaps in the reviews and provide solutions to address those gaps
- Provide regulatory advice to the business line, middle office and other relevant stakeholders
- Provide training, support and guidance to the employees of the Bank on regulatory and compliance matters
- Plan, manage and undertake the Bank's Compliance projects in relation to the Bank's business which may be assigned by the supervisor from time to time.
What You Will Be Working On
In the course of carrying out the above responsibilities, you would be expected to be able to independently:
- Build a constructive and effective working relationship with the business line, Middle Office and all stakeholders who may be impacted or covered by, or involved in the implementation of Compliance policies and procedures
- Identify and resolve compliance issues (be it in relation to the Bank's products, businesses or otherwise) by recommending, and developing, implementing and maintaining compliance policies and procedures
- Co-ordinate compliance efforts with those of the Bank's global directives and initiatives
- Conduct on-going compliance induction and refresher training programs for the Bank's employees
- Review and approve marketing materials, pitchbooks, website content, contracts and other Bank-related matters from a compliance perspective
- Develop compliance monitoring programs in response to new laws and regulations as well as new products and services where applicable
- Respond to law enforcement or regulatory requests and undertake necessary regulatory reporting and filings
- Report promptly to any actual or potential compliance issues which may affect customer suitability, pose reputational, regulatory, legal and other risks to the Bank, or expose the Bank to potential losses, and recommend suitable courses of action to address these risks
- Ensure identified errors, improper conduct or compliance exceptions are brought to the attention of his/her supervisors and receive appropriate corrective action.
What We Are Looking For
- Bachelor's degree in related disciplines, or the equivalent combination of education and experience is required.
- Preferably at least 3-5 years of experience in Compliance in a Financial Institution, preferable in the private banking environment.
- A good understanding of Compliance Control and Monitoring with suitability, reviews and control including policies, procedures, sanctions, regulations, industry best practice, developing trends and and the pertaining laws, regulations and rules of relevant regulators preferred
- Have strong research, investigative and analytical skills, and proficiency in Microsoft Office Suite (Excel, Word, PowerPoint) and experience with banking systems.
- Good written and verbal communication skills as you will be expected to interface with various senior internal and external stakeholders directly
- Be able to foster a constructive and effective working relationship with the Bank's stakeholders who may be impacted or covered by, or involved in the implementation of Compliance policies and procedures
- Be a strong team player who is strategic and yet practical, able to navigate through diverse cultures, and develop and lead strategies in the face of an increasingly-regulated landscape
- Have strong analytical skills and ability to make sound judgments especially in the absence of absolute clarity in the legal and regulatory environment
- Possesses good, sound judgment and mental toughness
