Department Overview and Role Summary:
The Compliance function’s mission statement is to proactively engage and advise the Business so it can achieve its strategic and commercial objectives within applicable regulatory requirements and protect the Firm’s reputation.
The Compliance function has five strategic objectives: (1) proactive engagement with the Business; (2) stay ahead of the regulatory environment; (3) leverage technology solutions; (4) review and enhance policies and controls; (5) build global Compliance function.
The Compliance Officer will work as a member of the APAC Compliance team based in Singapore office and report directly to the Head of Compliance, Singapore. The Compliance Officer will foster a compliance culture within entities and may cover multiple offices within the APAC region.
Key Stakeholders:
Business stakeholders (Heads of desks and brokers); Legal; Risk; HR; IT; Finance; Operations.
Job Duties:
Assist the Head of Compliance, Singapore with regard to strategic direction, culture and compliance activity/tasks;
Ensure that the businesses receive a true ‘value added’ service from the Compliance function;
Assist with the implementation and management of the Compliance Monitoring Programme in APAC, review output and ensure any remedial action is completed. Provide MI for Monitoring Programme or other purposes;
Assist and identify regulatory change events and draft internal policies accordingly;
Assist in the identification of upstream regulatory risk, and work to respond to or mitigate any such identified risks;
Deliver regulatory advice and compliance-related strategic support within the department;
Assist to investigate matters escalated from surveillance team;
Prepare and submit periodic reports as per regulatory requirements;
Assist with regulatory/audit queries and any remediation;
Build / maintain effective working relationships with key internal stakeholders including Senior Management, Desk Heads, and support function Heads, internal and external auditors and other members of the control functions to ensure a proper understanding of the risks and mitigating measures necessary to facilitate and protect the business;
Serve as an active member of the Compliance team, participating in relevant committees, groups and fora, including business and control committees, as required;
Assist in the delivery of the Compliance training programme for the various business units and conduct ad hoc training and face-to-face training as and when required;
Conduct periodic desk and or centre reviews as part of the APAC compliance monitoring program;
Review and assess any New Business Initiatives;
Assist in embedding and improving the risk framework and Compliance controls and remediating any issues;
Assist other areas of the control teams as required;
Fulfil additional / ad hoc duties and project management roles as required to meet the needs of the business;
This role will be APAC region based however may require some travelling from time to time.
Risk Responsibilities
Ensure that you understand the risks and controls on your department; what could go wrong, what controls you have to prevent/detect or contain these.
All staff have defined risk management responsibilities. The Group imposes additional responsibilities on line-managers and senior managers. It is critical that all staff discharge their risk management responsibilities when undertaking their role. Specific responsibilities are incorporated into employee objectives, and your performance against these objectives will be assessed as part of the firm’s performance management process. You will also be required to confirm that you have discharged your risk management responsibilities through the annual risk management attestation process
Person Specification
Strong knowledge of relevant rules and regulations, and relevant industry standards;
Understanding of Wholesale Financial Markets.
Experience
Solid experience within Compliance / Regulatory law across diverse fields of knowledge;
Broad based compliance experience, covering front office and awareness of back office, settlement and clearing systems.
Skills
Very strong interpersonal and communication skills;
Good presence and speaking skills, able to communicate effectively both verbally and in writing at all levels, from desk to senior management;
Strong and resilient personality with a high sense of integrity and independence;
Strong organisational skills and ability to successfully prioritise and manage multiple projects;
Good team player with positive attitude and self-motivation;
Ability to develop new skills and understand new technology as required;
Very good understanding of financial providers and markets;
Highly developed analytical skills;
Motivated self-starter, proactive and able to multi-task in fast moving environment;
Willing to accept responsibility and looking to develop role within growing department with promising growth potential.
