Job Description

Business Function

Group Legal, Compliance & Secretariat ensures that the bank\'s interests are protected by zealously guarding and enhancing its reputation and capital. We also work to maintain a good standing with all our regulators, customers, and business partners. Because we believe that at the heart of business banking is to uphold the values of trust and integrity for all our stakeholders.

Responsibilities

• Assist and advise T&M on the set up and ongoing regulatory obligations of various asset management entities, including VCCs, unit trust structures and other fund structures.
• To review and approve legal documents (including bank product and customer documentation) and to identify, advise on and manage legal and compliance risks associated with the operation of the fund structuring / management business.
• To prepare and update standard form documentation and structured product documentation (including the private product memorandum, termsheet, subscription agreement etc.) for use by T&M together with related guidance notes and other advisory materials for new and existing products.
• To ensure the relevant legal and regulatory requirements are well understood by T&M and are reflected and protected in the relevant documentation and internal procedures.
• To recommend, supervise and manage external lawyers to ensure that high quality and focused advice is received at reasonable cost in a timely manner to appropriately protect bank\xe2\x80\x99s interests.
• Review new products and other business initiatives (e.g. new business initiatives and new transaction structures) and consider the impact of relevant rules and regulations on T&M and Legal & Compliance.
• Review the impact of new / amended regulations impacting the fund structuring / management business in T&M and provide advisory and implementation support to T&M, where relevant.
• Provide secondary advisory legal support with respect to other sales and structuring desks in T&M:

Provide Sales and Trading in T&M with prompt, sound and consistent legal and regulatory advice in relation to (1) the structuring and sale of products (including funded and unfunded, OTC and cleared) in respect of all asset classes (foreign exchange, interest rates, commodities, credit and equities) and (2) sales practices.

Some key accountabilities include:

• Provide responsive, sound, coherent and consistent legal advice on legal, regulatory and contractual issues to internal clients (ie. front, middle and back offices of T&M).
• Establish, review and update internal rules, policies and guidelines to meet best practice regulatory and industry standards for the management of legal and documentary risks and compliance with regulatory requirements relevant to the fund / fund management business.
• Keeping up-to-date on any regulatory changes and developments in Singapore and globally that have an impact on T&M, in particular on its funds structuring / management business.
• Maintain strong internal relationships, acting as a professional and value-adding partner with the business and support units.

Requirements

• At least 8 years of post-qualification relevant experience with a fund management company, financial institution or in private practice.
• Qualified lawyer of UK or Singapore.
• Communication skills with ability to clearly and diplomatically articulate issues, solutions and rationales.
• Ability to think critically with good problem-solving skills; results-oriented to ensure sound implementation of controls and compliance processes/procedures.
• Ability to analyse financial markets transactions and consider the application of relevant regulations and rules.
• Team player who can work together with a varied group of legal and compliance professionals.
• Expertise and experience with the establishment of funds and the issuance of fund products, either in-house or at a major law firm.
• Expertise and experience with derivatives and/or structured products, either in-house or at a major law firm would be preferred.
• Strong awareness of regulations/laws (e.g. MAS Notices, Banking Act, Companies Act, Securities and Futures Act, and Financial Advisers Act, VCC Act, Code of Collective Investment Schemes) in Singapore, regionally and globally.

DBS Bank