To assist and provide support to the Compliance Department with respect to the operation of the bank in accordance with the Compliance framework
Job Responsibilities:
Regulatory Compliance Unit is responsible for the end-to-end advisory support for all regulatory compliance matters, covering all business units and business enablers (i.e. supporting functions), manages the relevant compliance framework and policies, and conducts compliance monitoring and reviews. Regulatory Compliance Unit is also the main regulatory liaison link between the bank and the Monetary Authority of Singapore and other regulatory agencies. Lastly, Regulatory Compliance Unit also houses the CDD advisors supporting the business units.
We are looking for a suitable candidate to fill a senior role (i.e. Director) in the Regulatory Compliance Unit. Depending on the experience of the candidate selected, he/she may be appointed to head a team within the Regulatory Compliance Unit.
Advisory & Regulatory Obligation Change Management
- Support Head of Regulatory Compliance in providing pragmatic and practical advice and solutions to business units and business enablers (i.e. supporting functions) on compliance risks and provide guidance on regulatory obligations as a well-regarded and trusted second line of defence
- Conduct scanning of regulatory landscape of the financial services industry, focusing primarily on banking, capital markets, financial advisory and payment services; ability to understand upcoming regulatory changes
Regulatory Liaison
- Function as the regulatory liaison link and facilitate effective communications with the Monetary Authority of Singapore (and other relevant government or regulatory agencies)
- Manage and support regulatory returns and submissions
Framework & Reviews
- Support Head of Regulatory Compliance in design and implementation of compliance frameworks, policies, and procedures to identify, assess, monitor, and mitigate risks effectively
- Conduct independent compliance reviews of business units and business enablers
Key Requirements:
- Possesses minimally Diploma / Degree from a recognised institution with relevant discipline.
- At least 10 - 15 years of relevant work experience in the regulatory compliance space
- Any professional certifications (eg ICA Certification) will be advantageous
- Strong understanding of prevailing MAS regulations and relevant regulatory frameworks
- Excellent stakeholder management and communication skills
- Ability to work independently and provide pragmatic and practical compliance advice and solutions
- Meticulous and detail oriented, analytical with problem-solving ability
