Head of Compliance (SEA-15+ yrs) – Fin. Services – Singapore recruitment

Job responsibilities:

Design the compliance program and compliance strategy for SEA markets and to manage a team of compliance professionals supporting these markets.
Drive the regulatory strategy for the company in the SEA markets in partnership with the government relations team.
Work closely with senior business leaders advising on regulatory implications of new products and changes in the firm's business model within SEA.
Lead the compliance reporting to the board of the legal entity in Singapore, which is the international HQ and coordinate with markets outside APAC on MAS requirements and policies and procedures.
Administer the compliance program designed to ensure compliance with applicable laws and regulations for the markets in SEA.
Day-to-day analysis of regulatory issues, including review of processes and procedures for deficiencies and assisting in correcting such deficiencies.
Support rapid business expansion with compliance assessments of new products and new markets within SEA.
Investigate and research compliance issues in order to provide business resolution within agreed service levels.
Principal contact for regulators in SEA, helping to maintain an open dialogue and respond to all regulatory requests and audits.

Compliance Risk Management (CRM) coverage:

In coordination with the global compliance risk management, drive the CRM effort in APAC including risk assessments, process mapping, control identification, testing and monitoring.
Create and analyze compliance monitoring reports to regulators, management and directors.
Monitor ongoing legislation and regulatory changes.
Drive Risk assessment and gap analysis of new regulations and manage drafting and implementing policies and procedures to address new regulatory requirements.
Training staff on regulatory requirements and responsibilities.
Develop, manage and maintain tools, systems and processes that support internal governance and risk activities.
Implement incident reporting and escalation process
Provide efficient and effective compliance administration and records management.
Ensure timely and accurate compliance and risk reporting.
Assist with any global and/or regional project work as required.
Broad background in compliance within the financial services industry or online payments company, preferably within a bank or financial services organization, with 12 or more years of relevant compliance experience, including AML/CFT requirements.

Requirements:

Strong experience with CRM, particularly implementing CRM programs.
Strong experience in engaging regulators in SEA and applicable regulations.
Specific knowledge of the laws and regulations relating to credit card, payments industry and/or electronic money would be an advantage.

Taylor Root Singapore

Taylor Root - a member of The SR Group

EA Licence No. 10C4100

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