Job Description
As part of the Regulatory Compliance Team, the hired candidate is expected to perform the following duties, and not limited to:
1. Regulatory Liaison and Stakeholder Management
- Assist the Regulatory Compliance Manager in liaising with regulatory authorities and government agencies (eg. MAS/ABS/ACRA etc.)
- Manage both internal and external stakeholders to ensure timely and effective communication
- Handle inquiries, RFI (request for information) from Head Office and regulatory authorities on a timely basis by working with internal stakeholders
2. Compliance Monitoring and Advisory
- Monitor, track and interpret changes in local and international regulations, including those from the Monetary Authority of Singapore (MAS), and assess their impact on the bank's operations.
- Assist in evaluating new products and services to ensure regulatory compliance.
- Serve as a point of contact for business units, providing regulatory advice and guidance on compliance matters.
- Perform compliance monitoring and testing on bank's processes and operations against the bank's P&P and manuals
3. Management of Compliance Programs and Documentations
- Update and manage the branch's Obligation Register, Policies and Procedures, Compliance Monitoring Program
- Assist in the development, implementation, and review of internal policies and procedures to ensure compliance with applicable laws and regulations.
- Assist in the preparation of regular and ad-hoc compliance related reports for reporting to Head Office and/or regulatory authorities
- Assist in the preparation of monthly Compliance/Risk Committee agenda
4. Management of Audits (Internal/External)
- Assist the Regulatory Compliance Manager in the management of external and internal audits
- Manage external and internal audit findings and recommendation by ensuring proper and timely remediation of issues
5. Support and Training
- Support the Risk Management, Regulatory Reporting and Financial Crime Compliance teams in identifying, assessing, and mitigating compliance-related risks to the business.
- Support and conduct trainings for bank employees on compliance-related topics
Job Requirements
- 1 year of relevant experience in compliance/audit/regulatory reporting/supervision, preferably in the banking or financial services industry or regulatory authority (Fresh graduates are welcome to apply and will be considered for the role)
- Team player with a positive attitude, good communication and interpersonal skills
- Self-motivated and able to work independently
- Strong analytical thinking with attention to details
- Keen interest to develop skillsets in regulatory compliance for the banking and finance sector
- Bachelors Degree (preferably in Banking and Finance/Business/Accounting/Law)
- Any other relevant certifications or achievements (eg. ICA/ACAMS) are not necessary but will be an advantage
