Global Wealth Management Compliance – Compliance Director – Executive Director recruitment
REPORTING MANAGER
Asia Global Wealth Management Compliance Head
Local Governance - Singapore Compliance Head
JOB PURPOSE
To lead, develop and manage the Compliance function for Global Wealth Management in the Singapore office by providing regulatory advice and interpretation, developing policies and procedures, conducting Compliance training and performing surveillance and monitoring.
RESPONSIBILITES
Advisory
- Provide compliance and regulatory advice on an ongoing basis, focusing on investment products including equities, derivatives, fixed income, mutual funds, alternative investments, foreign exchange, credit, deposits and trusts.
- Think strategically about the business and its regulatory risk exposure
- Knowledge of regulations and provide advice to business, support functions and other core compliance team on existing and new regulations
- Review and provide Compliance approval for new business initiatives, operational procedures and major operational and system changes
- Provide advice on local laws and regulations and internal policies regarding anti-money laundering and customer due diligence
- Assess regulatory requirements to ensure compliance risks are identified, responded and tracked for resolution
- Develop compliance policies and procedures
- Assist in the development and enhancement of the Bank's control standards and processes
Training
- Provide training to PB staff in Asia and promote a compliance culture
Surveillance Monitoring
- Develop and conduct periodic surveillance and monitoring program
- Participate in self assessment and testing reviews
- Liaise with the internal auditors in relation to compliance issues
- Undertake ad hoc compliance projects
Regulatory
- Handle regulatory enquiries and investigations
- Assist in coordination/ management of regulatory inspections
Other
- Act as an active liaison with other Compliance teams in the region, with head office units and counterparts in other APAC locations, and work closely with relevant stakeholders in the business units and control functions
- Develop a network of Compliance Officers in peer institutions to compare and contrast best practices and industry focus
- Provide timely reporting on Compliance issues to business and Compliance management, as appropriate
- Provide Compliance related reports to management and control forums
- Participate in management meetings and escalate matters to management
Skills
- Bachelor degree with an accounting, business or legal qualification
- Significant (15 years plus) Compliance experience with a financial institution, regulator and/or comparable environment, preferably at least 3 years experience in private bank Compliance
- Familiar with private banking and MAS rules and regulations.
- Understanding of local laws and regulations regarding suitability and customer due diligence.
- In-depth and hands-on working knowledge of laws and regulations and market practices
- Good knowledge of Private Banking products
- Excellent interpersonal skills with strong comfort in interacting with senior management and influencing change
- Good team player
- Excellent organizational and multitasking skills
- Strong leadership qualities
July 18, 2012
• Tags: Compliance, Compliance Director, Executive Director recruitment, Global Wealth Management Compliance, Legal careers in the Singapore • Posted in: Financial