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

This role is to provide legal and regulatory support to the Treasury & Markets ("T&M") business in DBS Bank Group, with a focus on structured products in the Asian region (primarily in Singapore, Greater China, Taiwan, Korea, India and Indonesia). This personnel will report to the Senior Vice President, Legal and Compliance - T&M, and collaborate and work with T&M Legal and Compliance colleagues. There will be working relationship with BUs/SUs, and other colleagues in Legal, Compliance and Secretariat in Singapore and overseas.

Job responsibilities include providing advisory and execution legal and compliance support to the financial markets business in T&M, covering various asset classes, as well as supporting the sales teams for the different client segments:

• 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 (FX, rates, commodities (including carbon), credit, equities, funds and crypto) and (2) sales practices.
• To review and approve legal documents (including bank product and customer documentation) and to identify, advise on and manage legal risks associated with the operation of the T&M 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 work closely with T&M 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\'s interests.
• To provide general legal and compliance advice, guidance and solutions on legal and regulatory issues to T&M.
• Review new products and other business initiatives (e.g. new business ventures and new transaction structures) and consider the impact of relevant rules and regulations on T&M and Legal & Compliance.

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.
• Provide guidance and mentorship to junior members of the T&M Legal and Compliance team.
• Keep up-to-date on any regulatory changes and developments in Singapore and globally that have an impact on T&M.
• Be cognizant of compliance issues affecting T&M and work together with Compliance colleagues to provide more holistic advice covering both legal and compliance aspects.
• Maintain strong internal relationships, acting as a professional and value-adding partner with the business and support units.

Requirements

• At least 7 - 10 years of post-qualification relevant experience with a 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 derivatives and/or structured products, either in-house or at a major law firm.
• Strong awareness of regulations/laws (e.g. MAS Notices, Banking Act, Companies Act, Securities and Futures Act, Financial Advisers Act and Payment Services Act) in Singapore, regionally and globally. Comprehensive product knowledge together with good understanding of relevant financial services and investment banking activities.

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We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.

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