AVP – Global Markets Compliance Officer (ID:4869)

AVP – Global Markets Compliance Officer (ID:4869)

Leading European Union bank, and one of the world’s largest financial institutions with an uninterrupted presence in the region offering a wide range of financial services for corporate, institutional and private investors spanning global, corporate banking, wealth management, asset management and insurance.

Job Description:

Key role and a member of the Singapore Global Markets/ALMT Compliance Team. Support the Head of APAC Global Macro, ALMT and SEA Global Markets Compliance on local regulatory matters and cover DEC Commodities Compliance matters. The individual will be the key point of contact for providing support to the DEC Commodities team in Singapore on compliance and regulatory matters and work closely with the APAC DEC Compliance team based in Hong Kong.

This position will also be required to handle regulatory initiatives impacting Global Markets (e.g. Cross-Border, Client Classification, etc.) by working with Business and several Compliance teams such as Singapore Regulatory Compliance Office. He or she will be responsible for coordination of MAS/ SGX questionnaires, External Audit Requests for Global Markets, which entails coordinating with various stakeholders. The individual will also be involved in rolling out training initiatives aimed at maintaining consistently high levels of front office proficiency in relevant rules and regulations, codes of conduct, and particularly the laws and regulations affecting the Global Markets business.

Additionally, the person will be required to help with other Singapore and SEA country related initiatives and will back-up other members of the team, as necessary.

Responsibilities:

• Assist in GM businesses on compliance and regulatory issues.
• Interface with regulatory compliance and business functions on new and upcoming regulatory changes and interpretation of regulations.
• Handle regulatory inquiries, audits, inspections, questionnaires and surveys.
• Be accountable for the Compliance program for his/her coverage scope.
• Complete risk assessments and coordinate resources to perform the 2LOD role for the perimeter.
• Lead some TCO project and work closely with the other TCO team members to deliver on key transversal projects to the benefit of the perimeter.
• Handle local compliance issues, incidents, and breaches in conjunction with various internal parties, where necessary, and prepare various MIS and incident reports.
• Prepare and update local compliance policies and procedures; and providing guidance, interpretation and direction to stakeholders.
• Review new business and product proposals or transactions; and approve in accordance with delegated authority.
• Assist in the management of its compliance program, such as review of marketing documents, conflicts identification and mitigations, assist in compliance desk reviews, follow through of trade surveillance alerts.
• Assist stakeholders and compliance team to keep abreast of regulatory developments and in the interpretation of regulatory changes and their likely impact on the business and its processes, procedures, controls and products (gap analysis).
• Assist in the production of periodic MIS and KRIs/KPIs as required.
• Assist in the organization, administration and provision of compliance training for new employees and as well as on-going training for all employees.
• Ad hoc requests such as participation in specific projects, as directed from time to time by the Head of GM and ALMT Compliance APAC.
• Act as a back-up for other team members, as necessary.

Job Requirements:

• The incumbent should have good knowledge of the Singapore laws and regulations (e.g. SFA, FAA, MAS notices, etc.). Relevant experience in dealing with GM Compliance related issues.
• Strong analytical and problem-solving skills. Willing to learn, tenacious, hardworking, and enthusiastic. The candidate must possess good communication and social skills to be a team player and work with all levels. Independent minded, with good command of written and spoken English. Sound knowledge of Word, Excel and PowerPoint.
• Degree level education.
• Minimum of 5 or more years of experience in the Global Markets domain. Possess strong knowledge of SFA, FAA and MAS requirements (e.g. II/AI classifications, Cross border regulations and equivalent) and their practical application.