Position Purpose:
In Singapore, StoneX is regulated by MAS as a Capital Markets Service Licensee, an Exempt Financial Adviser and a Major Payment Institution, and by MinLaw as a registered dealer of precious stones and metals. StoneX is also a trading member of SGX-DT and a clearing member of SGX-DC. This expansion role at StoneX will manage business, regulatory compliance and reputational risks by ensuring adherence to laws and regulations, updating policies and procedures to comply with regulatory changes, advising businesses and senior management, managing audits and inquiries, conducting training and compliance testing.
Primary duties will include:
- Provide business and regulatory compliance advice and guidance to business units and senior management
- Update policies, procedures and controls to meet regulatory requirements of MAS, MinLaw, SGX-DT, SGX-DC and regulators in APAC
- Supervise licensing, regulatory change management, complaints handling, compliance monitoring, conflict of interests management, cross-border marketing, market abuse, outsourcing, training and management reporting
- Advising on business expansion, innovative products, customer transactions and regulatory issues in APAC
- Perform compliance risk assessment and ensure effective measures are in place to identify, assess and mitigate risks
- Assist in audits, investigations and responding to queries from regulators and exchanges
- Participate in strategic projects to upgrade digital platforms
Requirements:
- University Degree in accounting, business, finance, law or related fields
- Professional certification in compliance is advantageous
- Minimum 10 years of experience in regulatory compliance in financial services or regulatory environment
- Work experience in audit firms, banks, brokerages or financial services firms
- Knowledge of MAS regulations, SGX-DT rules and best practices
- Attention to detail, pro-active, hands-on approach to problem solving
- Agile mindset, collaborative and trustworthy team player
- Familiarity with compliance systems is advantageous
