Job Description

The Japan Research Institute (JRI) Limited is a subsidiary of Sumitomo Mitsui Banking Corporation (SMBC) Group. SMBC Group is a Tokyo-based bank holding company that is ranked among the largest 25 banks globally by assets under management. JRI provides comprehensive, highly value-added information services through the coordinated application of its 3 functions i.e. information systems, consulting and think-tank. As a system integrator, JRI offers services in IT strategy planning, implementation and outsourcing to a broad range of industries and activities. JRI Singapore currently supports the overall IT functions of Sumitomo Mitsui Banking Corporation (SMBC) in the Asia Pacific region.

The Role

The Compliance Lead will ensure the Company complies with external regulations, legal requirements and its internal policies. He/she will lead the compliance program in collaboration with various stakeholders to strengthen the Company\'s processes.

Job Responsibilities

Audit

• Lead communications with external/internal audit in collaboration with respective departments
• Provide guidance to staff on managing requests from auditors
• Review adequacy of audit submissions by departments
• Plan for any mitigation controls with relevant departments and track the implementation to closure for reporting to management

Corporate Policy and Procedure

• Define and review internal compliance policy and procedure to incorporate industry best practices to strengthen governance for corporate risks
• Develop risk management strategies
• Regularly review and revise Business Continuity Plans (BCP)
• Provide an independent oversight and propose solutions to address problem/inadequate areas
• Spearhead and drive adoption of policy and procedure by departments

Training, Assessment and Monitoring

• Ensure that all required trainings and due diligence checks are conducted and completed within schedule
• Evaluate and examine whether the activities performed by Business Units are effective, appropriate and compliant with key regulations
• Report the results of evaluation and examination to Management
• Lead compliance investigations and ensure that it is conducted as per the approved processes
• Plan for Annual System Risk Assessments with respective System Managers and follow up on any identified risks for mitigation and closure

Handling Regulatory Related Matters

• Keep abreast of regulatory changes/updates and perform gap analysis for alignment of entity policy and procedure as needed.
• Review and assess breaches flagged to compliance

People Management and Others

• Manage and oversee the day-to-day operations of the compliance team and provide guidance where necessary
• Perform other duties as and when assigned

Job Requirements

• Bachelor\'s Degree in Law, Business Administration, Finance, Accounting, Information Systems or related field.
• Min. 5 - 8 years of relevant work experience in compliance, internal control, risk management or internal audit in a bank, financial institution or audit firm.
• Preferably with professional certifications such as CISA, CISM, CISSP, CIPP, CBCI, CRM, ICA, CA).
• Possess in-depth knowledge of Singapore laws, regulations (e.g. MAS Notices and Guidelines including but limited to TRM, Guidelines on Outsourcing Risk Management, Guidelines on Business Continuity Management
• Preferably with working experience in financial services, IT industry in particular related to system development and integration.
• Preferably with IT audit experience.
• Excellent technical writing and documentation skills
• Advanced skills in using Microsoft Office products
• Good appreciation for risk related subjects \xc2\xb7 Strong communication, interpersonal and presentation skills
• Possess excellent analytical skills, attention to detail, and the ability to interpret complex regulations.
• Experience in operating and maintaining Crisis Notification System
• Effective communication and management of stakeholders
• A self-starter team player who can work proactively with minimum supervision
• High level of integrity and takes accountability over work
• Ability to generate innovative ideas and challenge the status quo

Sumitomo Mitsui Banking Corporation