The Organization
We're a prominent financial institution in Singapore with a regional presence. We are currently seeking a seasoned and strategic Compliance professional to join the Compliance Department. The Regulatory Compliance team serves as the backbone for the bank's adherence to MAS laws and regulations and ensures regulatory expectations are met. This is achieved by providing expert advice, proactively engaging with stakeholders, senior management, and regulators, and taking leadership and ownership of critical compliance issues.
The Role:
- Regulatory Liaison: Act as the primary point of contact for the Monetary Authority of Singapore (MAS) and other regional regulators regarding thematic reviews, inspections, and regulatory inquiries.
- Regulatory Horizon Scanning: Monitor and analyze new and upcoming regulatory developments, assess their impact on the bank's operations, and lead the implementation of necessary changes.
- Management Reporting: Synthesize compliance data from various departments to provide high-level reporting to the Board Risk Committee and Senior Management on the bank's compliance posture.
- Regulatory Advocacy: Drive the internal dissemination of compliance culture and provide training and advisory on regulatory issues relating to consumer banking, corporate banking, treasury and markets, technology, and data privacy.
Candidate Requirements
- Experience: 10-20+ years of banking experience, with a significant portion spent in regulatory compliance advisory, legal practice, or directly with financial regulators (e.g., central bank, etc.).
- Technical Breadth: Deep, demonstrable knowledge of the Singapore regulatory landscape (MAS laws and regulations). Working knowledge in the following areas would be advantageous: Banking Act/Regs, Companies Act, Insurance Act, PDPA, MAS 612, MAS 656, MAS 757, MAS 759/760, EUPG/SRF, culture risk and conduct, sustainability, FATCA/CRS, Anti-Bribery, Tech Risk and Cyber Hygiene.
- Leadership Persona: Exceptional communication and proven influencing skills with C-suite stakeholders, combined with the ability to strategically manage delicate regulatory relationships.
- Analytical Capability: Strong understanding of banking operations and products, coupled with familiarity regarding customer data privacy and protection.
- Education: Degree in Law, Accountancy, Business, or Finance is required.
Why Join Us
Join a high-performing team during a period of transformation. This high-impact role is at the heart of the bank's governance structure, offering end-to-end exposure to all banking activities, and allowing you to play a pivotal role in shaping the bank's regulatory reputation in Singapore.
