Job Purpose
This is to join the team with a focus on compliance and business controls of this front office departmetn in APAC and East Asia Region. The ideal candidate should already be in a similar role and assisting/managing compliance risk within a financial institution. Some knowledge and understanding of financial regulatory requirements such as the Banking Act, Securities and Futures Act and its related notices/subsidiary legislation with an ability to recognise its applications would be useful. The candidate is also required to assist in the review of compliance and process controls on an ongoing basis to ensure the procedures are in place and risks are appropriately managed.
Job Responsibilities
- Assist in providing compliance advice and serve as resource to SPDA groups to provide assistance regarding compliance issues.
- Assist in making recommendations to SPDA management regarding 1) internal controls and safeguards 2) regulatory and legal compliance 3) changes to SPDA’s policies or procedure manuals and drive implementation of these initiatives.
- Assist in performing risk assessments to assess effectiveness of key controls designed to address business compliance risk.
- Assist in liaising with various internal stakeholders to seek clearance for compliance related matters.
- Assist in evaluating SPDA management responses to all compliance reports, tracking findings and verifying that remediation is implemented
- Reviewing and prepare forms and documents (such as internal checksheets and records, questionnaires, self-assessment reviews, risk assessments, mandatory training records and SPDA policies, transaction and procedure manuals etc) for internal compliance reporting purposes
- Assist during internal and external audits or inspections, including following up on and assisting in resolving identified issues or deficiencies
- Assist in scheduling and conduct ing compliance training to SPDA groups to ensure that they are provided with sufficient education to ensure compliance.
Job Requirements
- Degree holder, with 5-7 years of compliance, risk or regulatory work experience in banking industry
- Some knowledge and understanding of financial regulatory requirements such as Banking Act, Securities and Futures Act and its related notices/subsidiary legislation and ability to apply.
- Good judgement, problem solving skills and be results/task oriented to ensure sound implementation of controls, compliance processes and procedures.
- Team player and demonstrated ability to work across all levels of the organization.
- Strong analytical and with good communication skills.
- Proactive, independent and resourceful.
- Able to work under time constraints and pressure.
