Compliance Manager (Regulatory / Policy)

Job Description

1. Take a consultative approach in providing timely and quality advice to business and support units on compliance, regulatory and policy matters
2. As a subject matter expert, interpret and analyse new or revised regulatory requirements, and provide advice and guidance to responsible parties for timely and effective implementation of policies and procedures to comply with the requirements.
3. To review and provide comments to business and support units on their perodic/adhoc revision to their policies and procedures
4. To assist in the review of MAS' Representative Notification Framework application.
5. Formulate and timely update Compliance related policies and procedures to ensure that they are in-line with regulatory requirements and mitigate compliance risks; and assist in the roll-out and/or training of these policies and procedures bank-wide.
6. Work closely with business and support units to assess incidents whether they are regulatory breaches and handle reporting of regulatory breaches to MAS.
7. Part of the customer experience team to review the complaint handling process of the business and support units.
8. Assist to undertake management action plan to close Compliance-related audit points by regulator, internal audit and external audit.
9. Coordinate with internal stakeholders to address and respond to regulatory inquiries on a timely basis
10. Timely escalation of adverse or significant compliance/regulatory issues to Compliance management.
11. Participate in ad-hoc projects as assigned.

Job Requirements

1. Bachelor Degree with at least 5 years of relevant compliance working experience. Candidates who possess industry compliance certification (e.g ICA Diploma in Compliance) would have added advantage.
2. Strong knowledge in Banking Act, Securities and Futures Act and Financial Advisory Act. Good working knowledge of the different business segments (Corporate/Retail/Private Bank/Card Business).
3. Good written and communication skills with ability to develop a strong working partnership with external and internal stakeholders.