AVP, Regulatory Compliance Advisor, Group Regulatory Compliance AVP, Regulatory Compliance Advisor, Group  …

in Singapore
Permanent, Full time
Be the first to apply
in Singapore
Permanent, Full time
Be the first to apply
AVP, Regulatory Compliance Advisor, Group Regulatory Compliance
OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world's most highly-rated banks, with an Aa1 rating from Moody's. Recognised for its financial strength and stability, OCBC Bank is consistently ranked among the World's Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

Division Description
Group Risk Management (GRM) is an independent function responsible for ensuring that risk management practices at OCBC Bank are effective and comprehensive.
GRM builds and drives the Bank's businesses through an integrated risk management approach relying on strong risk analytics to support strategic business decision-making and to create a competitive edge for the Group.
This position will sit with the Group Regulatory Compliance Dept in the GRM Division.

Key Responsibilities
  • Provide regulatory compliance advice to businesses and support functions assigned.
  • Provide advisory support on cross-border marketing guidelines to businesses in the bank or group entities engaging in cross-border activities.
  • Keep abreast of new and changes to regulations.
  • Drive the implementation of new regulatory requirements.
  • Manage breach reporting process and track completion of rectification actions.
  • Maintain the library of regulations and its relevance to the relevant functions.
  • Act as the liaison with regulators on regulatory compliance matters.
  • Act as the liaison with external counsels and consultations in respect of local regulatory requirements and permissible cross-border activities to formulate new and review existing cross-border marketing guidelines
  • Manage projects assigned.
  • Provide regulatory compliance training.
  • Collate FATCA and CRS reports and other regulatory reports for submission to regulator.
  • Collate and track regulatory developments and significant issues of subsidiaries and international offices.
  • Review regulatory compliance policies and procedures of the bank, international offices and subsidiaries.
  • Manage and track progress of the Group's Annual Compliance Plans.
  • Support division in preparation of senior management and CRAFT reporting
  • Track completion of department tasks.

The ideal Candidate will meet the following requirements:
  • Possess a university degree.
  • 3-5 years of relevant experience in regulatory compliance in a bank or external audit focusing on audit of financial institutions.
  • Familiar with MAS regulations, FATCA, CRS, Volcker Rule and/ or cross border marketing requirements would be an advantage.
  • Familiar with financial products and services.
  • Proven leadership, organization and facilitation skills.
  • Good interpersonal and communication skills.
  • Proactive, independent and resourceful.
  • Embodies team work.
  • Ability to adapt to changes.
  • Ability to work under time constraint and pressure.

At OCBC, we recognise your drive, passion and talent. We will bring out the best in you and empower you to excel. Fulfil your life goals and career ambitions with us.

*We regret that only shortlisted Candidates will be notified
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