Regulatory Compliance Officer

JOB DESCRIPTION
Job title: Regulatory Compliance Officer
Corporate Title: Associate
Department: Compliance
Location: Singapore

Department overview:

The SG Country Compliance team apply specialist local regulatory knowledge to support management of compliance risk arising at a country level. They maintain local registrations and licenses and maintain relationships with key local financial regulators, acting as a primary contact point for regulatory notifications, enquiries, inspections and investigations

The Central Compliance team apply specialist knowledge to support management of compliance risk regionally, through applicable controls, training, policies and procedures on a cross-divisional basis. The activities of the Central Compliance team include Conduct Risk Management, Compliance Risk Assessment/Testing, Infrastructure compliance advisory, and the management of Compliance Policies, Standards and Reporting.

Role description:

The Compliance Officer will report to the VP of Central Compliance and will provide support across various ongoing run-the-bank and change-the-bank initiatives in relation to Country Compliance (Singapore) and Central Compliance, as directed by the VP of Central Compliance or the Head of Central Compliance Asia.

Key focus areas include:
Country Compliance (SG)
Provide support in addressing regulatory requests, including coordinating the dissemination of regulatory notifications and surveys, as well as managing regulatory enquiries and coordinating regulatory meetings
Provide support in advisory and execution of SG Reg Compliance frameworks and controls
Support Change-the-Bank initiatives, including compliance testing remediation activities, policy updates, and process improvements
Prepare and/or coordinate submission of periodic or ad hoc regulatory returns
Involvement in any other projects and/or other regulatory compliance-related work as may be delegated.
Preparation of management information reporting

Central Compliance
Coordinate compliance advice pertaining to infrastructure matters impacting the operation of Nomura's business in the region
Administration of Compliance Testing framework, Compliance Risk Assessment and Risk and Controls Self-Assessment (RCSA) for Compliance in the region
Support preparation of materials for management information (MI) in relation to Infra Compliance matters
Involvement in any other projects, compliance testing, and initiatives, as may be delegated to support central compliance initiatives.

Skills, experience, qualifications and knowledge required:
Minimum 5 years of experience in Regulatory Compliance or other Control functions within financial services
Knowledge and understanding of MAS Regulations (Banking Act, Financial Advisers Act, Securities and Futures Act)
University-level degree preferably in Economics, Finance and Accounting, Law, Mathematics, or related fields
Ability to interpret complex regulatory guidance and legislation
Strong reasoning, and problem-solving skills with ability to quickly grasp complex concepts
Systematic, detail-oriented, and organized with impeccable integrity
Strong communication skills (written and verbal) with professional and approachable demeanor
Proactive, able to manage multiple tasks, work independently, and meet tight deadlines in a fast-paced environment