Head of Compliance – Private Banking recruitment
The Company
Our Client, a regional bank is looking for talented individuals to fuel the exciting expansion plans in the Asia Pacific region due to organic growth.
The Role
As a head of compliance, you will implement and oversee compliance functions in Singapore. Provide quality advice to the local management on the relevant statutory / regulatory requirements and internal policies. To implement an effective compliance framework for the local entities in line with the group's governance standards, local requirements and practices. Provide induction training to new joiners and regular thematic training to all relevant staff members such as anti-money laundering, anti-corruption, conflicts management, etc. Establish and maintain an effective compliance monitoring plan and perform regular and ad-hoc monitoring reviews. Monitor adherence to the global Chinese Walls policies and procedures, maintain restricted and watch lists and identify potential conflicts of interests.. Oversee the account opening processes, conduct on-going transaction surveillance review, and provide advice in respect of anti-money laundering and terrorist financing. Liaise with local regulators for compliance related matters. Follow up on recommendations made by local regulators, internal audit, external audit and compliance monitoring. To promote an effective compliance culture locally. Prepare or update compliance manual, policies and procedures. Carry out independent investigation on complaints, errors, irregular activities and suspicious transactions, and where necessary, prepare reports to the relevant regulators and local management. Prepare regulatory updates on newly issued local requirements in relation to local business operations. Where necessary, follow up on the actions required. Provide support and liaise with regional and group compliance on compliance related matters in South East Asia. Review promotional materials. Prepare regular and ad hoc reports to local management, regional and group compliance. Roll out global compliance initiatives over Asia.
Your Profile
You should be a degree holder in accounting, Finance or Law and minimum 8 years compliance experience in the financial industry in Singapore. In-depth knowledge of banking laws, regulations and practices within Private Banking in Singapore. Knowledge in other South East Asia countries would be an advantage. Previous experience in the Banking Supervision Department of the Monetary Authority of Singapore will be well regarded. Strong communication skills and interpersonal skills. Sound judgment and commercial sense. Good command of written and spoken English. Self-motivated, ability to work independently and result-oriented. Experience in independently performing and managing compliance audits / reviews and projects are highly desirable.
Apply Today
Please send your resume, in WORD format and quote reference number SH8767, by clicking the apply button. Please note that only short-listed candidates will be contacted.