Senior Vice President / Vice President, Treasury & Markets Compliance, Group Compliance recruitment
DBS is a leading financial services group in Asia, with over 200 branches across 15 markets. Headquartered and listed in Singapore, DBS is a market leader in Singapore with over four million customers and also has a growing presence in the three key Asian axes of growth, namely, Greater China, Southeast Asia and South Asia. The bank's strong capital position, as well as "AA-" and "Aa1" credit ratings that are among the highest in the Asia-Pacific region, earned it Global Finance's "Safest Bank in Asia" accolade for three consecutive years, in 2009, 2010 and 2011.
Group Compliance is committed to implementing compliance best practices across the DBS Group to protect our reputation as well as our capital. It provides leadership, oversight and guidance for the establishment of a strong compliance culture and framework.
Responsibilities
- Liaise with regulators and resolve regulatory issues and areas requiring clarification. Identify key regulatory issues of concern to regulators. Track outstanding issues. Co-ordinate inspections involving the business. Minimization of regulatory issues in the business.
- Develop, implement and update compliance program for the testing and monitoring of key obligations as well as key business policies.
- Provide responsive, sound consistent advice, interpretation and recommendation on regulations and policies, products and other business initiatives (e.g. new business ventures and new transaction structures); review impact of new / amended regulations and provide feedback on proposed regulations to the business.
- Develop / review training material on banking regulations; assess training needs of staff in Treasury Markets. Provide in-house training/education to ensure good understanding and compliance with Bank's ethical standards, Treasury Markets policies local regulations.
- Promotion of teamwork and development, and retention of good staff.
Requirements
- Degree or professional qualification in related field.
- Relevant banking and compliance experience as an auditor, lawyer or regulatory examiner, with exposure to different banking products and businesses.
- At least 10 years of relevant working experience in compliance/treasury business/audit/regulatory environment.
- Detailed understanding of the prevailing regulations relevant to the Treasury Markets business, as well as working knowledge of the diverse banking products (esp. derivatives) offered by the business.
- Leadership and organisational skills; ability to exert managerial control.
- Communication skills with ability to clearly and diplomatically articulate issues, solutions and rationales.
- High degree of judgment and good problem solving skills; results-oriented to ensure sound implementation of control and compliance processes/procedures.
- Strong awareness of regulations/laws (e.g. MAS notices, Banking Act, Companies Act, Security and Futures Act, and Financial Advisors Act) and product knowledge together with good understanding in relevant financial services and investment banking activities.
Please click on "Apply online" and search for Job Ref: BHR/WGC/1208/0001
We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognizes your achievements.