Head of Securities Services and SEA, Transaction Banking Compli recruitment
Product and business advisory work
- Provides compliance advice to the Global Securities Services business, particularly with respect to new products and initiatives.
- Drives the programme for identification of material regulatory and reputational risks in the region for the business.
- Anticipates and assesses key regulatory and product risk trends in the business for management consideration and helps drive the development and implementation of appropriate mitigation control measures.
- Oversees the continual assessment of regulatory risks associated with existing products and those under development in the region.
- Represents TB Compliance in the regional governance of the TB business.
- Assists in approving new products and new business initiatives in the region. Takes direct responsibility for approving new products in Singapore.
- Assists local teams with product line expertise as required, particularly with regard to regulatory inspections or investigations.
Controls development and implementation
- Assists in the development of Compliance policies and procedures applicable to the Securities Services business and TB business in the region.
- Assists in the development and enforcement of product standards and controls.
- Works collaboratively with the business and Operational Risk in the B/LKCSA process across the region.
- Ensures appropriate documentation of controls and control decisions.
Training
- Actively participates in the delivery of a program of activities that educates and encourages business managers and staff to operate in compliance with relevant laws, regulations and policies.
- Provides ad-hoc additional training as and when appropriate.
- Assists in the development of an effective internal business compliance culture by promoting the benefits of ethical business conduct and the benefits of compliance.
- Provides product-specific training to local specialists.
- Distributes knowledge on 'lessons learned' across various jurisdictions to local teams.
Monitoring/reporting
- Develops and implements Compliance monitoring in conjunction with relevant stakeholders - local teams and/or WB Core Specialists. Has direct responsibility for a) developing Compliance Monitoring programmes specific to Securities Services, and b) any Desk Review process in the region.
- Prepares reports for WB Compliance management.
- Ensures timely escalation of incidents, control breaches to relevant stakeholders - senior management in WB Compliance, local Compliance management, and other risk stakeholders
Requirements
Technical Knowledge
- Possesses core technical knowledge in laws and regulations applicable to the TB business in Singapore.
- Has an introductory understanding of variations in such laws and regulations across the region.
- Has a core grasp of the sales and transactional activities of the business, its operating model, and its key risks.
- Transaction Banking:
- Understanding of the regulatory risks relevant to the provision of trade finance services - including documentary trade activities, credit, and supply chain finance.
- Understanding of the regulatory risks relevant to the offering of cash solutions - including clearing activities, payables / receivables management and liquidity services.
- Understanding of the regulatory risks relevant to collective investment schemes and alternative investment funds, including the activities of Trustees and Depositories.
- Understanding of the regulatory risks relevant to the offering of custody services - including global, regional and direct / local sub custody activity.
- Familiarity with the principles governing regulation of anti money laundering controls, information management, off shoring and outsourcing and conflicts of interest management
Compliance skills
- Core knowledge in risk identification, risk assessment, controls development, training, monitoring and reporting.
- Core experience, shown by demonstrable achievements in the above areas.
Strong Leadership skills
Strong analytical skills
Strong Communications and client management skills
April 4, 2012
• Tags: Compliance, Head of Securities Services and SEA, Legal careers in the Singapore, Transaction Banking Compli recruitment • Posted in: Financial