Head of Compliance and Client Investment Advisor
(1) HEAD OF COMPLIANCE
Excellent Opportunity For An experienced Head of Compliance To Join A Specialized Boutique Wealth Advisor.
Reporting to CEO, you will be responsible for the compliance function of the organisation.
Job responsibilities:
- Provide compliance advice with regard to the applicable rules and regulations of private wealth management from a Singapore perspective, or as it impacts the Singapore business.
- Develop and implement a compliance monitoring program in accordance with the regulator’s requirements and the company’s policies, maintain the compliance program manual, undertake compliance reviews, documentation drafting, provide compliance opinions and advice as requested;
- Provide compliance advice on internal compliance standards, policies and procedures such as in respect of suitability, cross-border matters etc;
- Liaise with the relevant regulators and ensure issues raised by the regulators are responded on a timely basis;
- Ensure all relevant regulations and laws relevant to the conduct of business have been identified, communicated and checked periodically.
- Be fully conversant with local and relevant overseas regulations and regulatory development and respond to MAS and other regulatory enquiries when requested.
- Develop and maintain policies and procedures for new clients’ acceptance and existing client review.
- Liaise with colleagues on high risk or equivalent escalations;
- Reviewing and providing compliance approval for marketing materials for the business;
- Provide in house training in response to business and regulatory developments and maintain a record of all training sessions relating to compliance
- Provide compliance support on sales related complaints;
- Implement and instil a compliance culture and awareness within the organisation; and
- Lead/ assist in any ad hoc projects as necessary.
Skill Requirements/ Qualifications:
- Minimum 10 years of experience in compliance function of a financial institution, regulator and/or similar environment;
- An ability to communicate clearly and effectively on local regulatory matters and outsourcing issues to key stakeholders at all levels;
- Strong knowledge of private banking laws and regulations, directives and regulatory processes;
- Experience in wealth management compliance is preferred.
(2) JOB DESCRIPTION: CLIENT INVESTMENT ADVISOR
A. Key accountabilities
Revenue
- Achieve agreed revenue targets with respect to funds under management, retainer conversions and referrals
- Contribute to the corporate revenue targets on a quarterly basis
Work Plan
- Review your monthly work plan with Head of Private clients or CEO on a weekly basis
- Review your forward monthly revenue work plan to ensure achievement of your objectives
Lead Generation
- Generate new business in agreed referral sources through various networking activities including managing relationships between Taurus and the referral sources
- Identify opportunities for seminars, sponsorship and other promotional activities to leverage business generation activity
Provide High Quality Advice
- Provide tailored investment and holistic advice to High Net worth / Ultra High Net worth client inclusive of risk management strategies
- Tailored investment solutions across different asset classes such as Equities, Fixed Income, Forex and Managed Funds
- Engineer individual portfolio risk management
Client Relationships
- Effectively manage the relationship between the client and Taurus including the various banking relationship the clients may have.
- Provide ongoing advice on client portfolios and providing on a fee-for-service basis advice as required to non retainer clients
- Maintain a high standard of ethics and conduct and ensure confidentiality of clients’ assets information
Market Research Knowledge
- Keep abreast of technical market knowledge and macro research as part of ongoing requirement on technical competency
B. Challenges/ problem solving
To creatively identify and generate leads with a view to developing new business opportunities.
To transform potential clients into retainer fee paying clients of Taurus
C. Essential Competencies
• Travelling will be required.
• A recognized degree with more than 10 years of experience in the banking and financial services with an outstanding sales track record of financial and investment products
• Relevant accreditation (Modules 1B, 5, 6, 8, 9 HI.
• Clear understanding of bank regulations and compliance requirements as under FAA and SFA
• At least 10 years of financial advisory/portfolio management experience, consistent marketing sales performance, preferably in banking/ financial advisory.
• Good understanding of equities, fixed income, hedge funds, FX and other investment products services
• Strong interactive and interpersonal skills with proven ability to influence clients
• Present all investment solutions with a high standard, professional manner
D. Future development of role
- Opportunities to increase the size of client’s portfolios and Assets under Advice
If you aspire to grow and excel with a high growth organisation, please forward us your CV with your most recent photo to recruitment@tauruswealth.com.sg. We regret that only shortlisted candidates will be notified.
Leave a Reply
You must be logged in to post a comment.