Singapore
FICC is involved in a broad range of financial and physical trading activities including physical commodities trading. Singapore acts as the FICC hub for Asia and FICC transacts in over-the-counter derivatives, exchange traded products, loans and capital raisings across a broad range of products including foreign exchange, debt markets, agricultural commodities, metals and energy products. Macquarie's Singapore office is a critical location for facilitating transactions and booking new business for FICC. Macquarie currently operates in 11 Asian jurisdictions with key Asian hubs located in Hong Kong and Singapore.
FICC offers trading, sales, research and finance covering:
- Fixed income - interest rate, debt and credit securities
- Currencies - foreign exchange spot, forward and tailored services
- Commodities - metals, energy, environmental products, agriculture, freight, bulk commodities, and complementary futures services
Whilst this role primarily focuses on FICC's business activities conducted out of Singapore, as this is a senior role, we would expect you to work closely with and provide necessary guidance and support to other Compliance Asia staff that have responsibilities for FICC Compliance in their respective offices. Besides Singapore, FICC in Asia currently has a presence and/or carries out business activities in Hong Kong, India, Indonesia, South Korea, China and Japan and we expect the business footprint to grow over time.
As a senior FICC Compliance staff, you will consult with and advise key stakeholders (including business senior management) to ensure Macquarie continues to meet the obligations within its regulatory and compliance framework. An experienced compliance practitioner, your ability to engage, consult with and influence senior stakeholders will be critical to your success. Working closely with the broader Compliance Asia and RMG teams and functions as appropriate, key responsibilities are to:
- Provide compliance support to the FICC teams and related businesses in Singapore and assist with regulatory and compliance issues relating to FICC business activities;
- Lead the compliance review of new transactions and new products;
- Develop and maintain compliance plans, related policies and procedures and monitor compliance with these policies;
- Assist with the preparation of regulatory compliance reports as required per the compliance plans and governance framework;
- Carry out and oversee relevant monitoring and surveillance activities;
- Carry out ongoing assessment of the compliance framework operating within the business and ensure adequate controls are established;
- Oversee the monitoring, reporting and escalation of compliance issues;
- Keep abreast of upcoming, new and revised rules, regulations and directives applicable to the business, and facilitate changes as required. This includes proactive and early communication with business and compliance stakeholders to ensure timely compliance with any changes required;
- Assist senior management with the delivery of key divisional projects as required; and
- Liaise with compliance colleagues to assist with the delivery of the regional and global compliance priorities.
The successful candidate will have:
- Tertiary qualifications in Accounting / Finance, Law or another related discipline;
- Demonstrable FICC compliance experience (regional experience preferred) of at least 8 years gained within financial services companies and/or commodities trading firms;
- Knowledge of the OTC regulatory reforms including the relevant Dodd Frank and EMIR regulatory requirements;
- Strong compliance experience in physical commodities trading, including energy trading;
- Some knowledge of shipping and the export / import business;
- Persuasive communication skills, both written and verbal;
- Some experience dealing with Asian regulators such as the Monetary Authority of Singapore and relevant industry bodies;
- Ability to take a pragmatic commercial approach to compliance, with an interest in working closely with the business, whilst achieving the desired outcome;
- Strong relationship / stakeholder management with demonstrated ability to influence key stakeholders through effective communication and persuasive presentations;
- Excellent leadership skills used to drive team outcomes and maintain high employee morale; and
- Demonstrated experience successfully engaging with regulators, senior business executives and boards.
The role has a primary reporting line to the Head of Compliance for Asia. The role will be assisted by an existing FICC Compliance staff.
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