Head of Compliance
Head of Compliance
About Our Client
Our client is a well established global bank with a strong business and reputation locally in Singapore, but also in Europe and Northern America. The nature of their business is both retail and commercial banking focused.
General / Compliance culture:
-Facilitate compliance of the entity with applicable banking and securities laws, regulations, and internal guidelines regarding Markets Compliance, AML/CFT, Anti-Fraud and Sanctions. Implement GM-CO's global strategy as it applies to issues for the location, e.g., prepare, implement and maintain a local Compliance Manual.
-Facilitate relevant training sessions for the location's employees.
-Manage the performance of all staff assigned to the entity, develop employees, provide leadership and direction, and ensure compliance with internal operating standards.
Relationship with regulators and authorities:
-Liaise with competent authorities on Compliance issues on a regular basis. Among other things respond to any of the authorities' requests for information in due course and inform these authorities on breaches as required.
Compliance programs / plans:
-Analyse on a regular basis the business activities in the location in order to assess the existing Compliance risks.
-Provide Management assurance by continuously testing adherence to Compliance rules.
-Prepare regular and ad-hoc reports to GM-CO and local management on the performance of compliance activities as well as on detected Compliance breaches and shortcomings.
Compliance advisory service:
-Provide advice to and liaise with local Senior Management on Compliance.
-Monitor relevant websites and other publications for announcements, updates, amendments and changes to regulations on a regular basis.
-Update all Managers in the location on any regulatory changes with relevance to their respective area of responsibility.
-Lead new business activities process and projects from a compliance perspective
-Ensure that GM and management is made aware of upcoming changes to legislation and regulations in due course.
The Successful Applicant
- 10 years experience managing compliance teams and projects
-Close interaction and communication with the MAS and the bank's group level compliance committee
-Strong management of compliance projects and initiatives
-Ability to manage, train and delegate at a senior level, and optimize resources
-Review and overhaul compliance function
-Strong market products knowledge for retail, investment and commercial banking
What's on Offer
The job offers the successful applicant compliance leadership for a global bank in Singapore. The individual will get the opportunity to work on a diverse remit and job scope, as well as managing a well resourced compliance team and interaction with senior stakeholders globally. The role offer the incumbent to become a local regional compliance leader.