Job Description

About the Company
This company is growing in banking / lending / financial services industry.

Job Summary

This position will be responsible for driving and managing end-to-end strategies and initiatives for the Compliance & Legal function. The position requires knowledge and experience in regulatory compliance and prevention of financial and money laundering crimes. The role will also involve anticipating emerging key risks and regulatory changes and preparing the bank in managing these risks and complying with the regulatory changes.

Responsibilities:

• Functional:

• Manage the Compliance (Financial Crime and Regulatory Compliance) and Legal function for Singapore Branch.
• Develop new monitoring and controls mechanism, focusing on best practices for employees.
• Ensure compliance of all regulatory requirements (MAS & BNM).
• Act as the key point of contact for Group Compliance and Policy frameworks across the business.
• Financial Crime Compliance (FCC):

• Establish the Financial Crime Compliance Policy framework in accordance with regulatory requirements and guidelines set by Head Office.
• Ensure that the Anti-Money Laundering (AML) Policy, Standard Operating Procedures (SOP) and controls are robust and implemented with timely updates.
• Review unusual transactions and/or activities with an analytical mind and be firm (with strong reasoning) and assertive when being challenged by the Business.
• Regulatory Compliance (RC):

• Ensure compliance to the MAS RNS (Representative Notification System) for Covered Representatives of the Bank.
• Ensure that Covered Representatives adhere to the requirements in the SFA (Securities & Futures Act) & FAA (Financial Advisers Act).
• Monitor regulatory developments and review rules, where applicable, and ensure timely update of the Bank\xe2\x80\x99s policies and procedures.
• Legal:

• Provide legal advisory support, guidance and information for all business units as well as the strategic support group on legal matters.
• Perform periodic review and/or update of the Bank\xe2\x80\x99s standard documents and agreements to ensure conformance with updated product specifications, rules & regulations and current market practices.
• Managerial:

• Manage and coach the team members to upskill their knowledge of the various compliance functions that support the Bank business and operations.
• Responsible for the development and coordination of delivery of Group-wide financial crime training and development programs.
• Organizational:

• To carry out any other duties as directed by Company Management.

• University degree and/or legal professional qualification.
• At least 10 years of relevant experience in a financial institution.
• International Compliance Certification (e.g. Diploma in Governance Risk & Compliance; Certificate in Financial Crime Prevention) is an advantage.
• Have a sound understanding of compliance management, financial crime regulations, and knowledge of AML/CTF and Sanctions environment.
• Ability to master a large volume of details and facts, set priorities and be persuasive in senior level discussions.
• A proven track record of consistent performance and achievement.

MatchaTalent