- Min. 10 years of Compliance experience within Capital Markets/Financial Services, of which 8 years with capital/global market knowledge and be well aware of MAS regulations and cross-border activities
- Deep understanding of market regulations & compliance requirements with proficiency in identifying and managing compliance risks.
- Prior experiences with Banking & Financial Services Regulatory Board a plus
Job Summary:
The Vice President, Compliance will oversee and manage the compliance functions for our Recognized Market Operator (RMO) and Capital Markets Services (CMS) operations, including strive to understand the firm strategies, products and services while ensuring compliance.
This role is crucial in ensuring that our firm adheres to all relevant Singapore regulatory requirements plus other region relevant rules and regulations including Malaysia, China and Hong Kong, and maintains the highest standards of compliance and operational integrity.
Key Responsibilities:
Regulatory Compliance & Policy Development:
- Oversee and manage compliance, ensuring the firm complies with industry regulations and internal policies.
- Develop, update and/or advise departments policies, procedures, and manuals to ensure the continuing compliance with applicable rules and regulations, including ensuring operational procedures to optimize efficiency.
- Ensure that the firm maintains the necessary licenses, authorities and/or policies and procedures to conduct cross-border business in compliance with relevant local laws or regulations
- Ensure the firm keep up-to-date with all the regulatory changes and developments, including anti-money laundering
Risk Management:
- Identify, assess, monitor and mitigate compliance risks within capital markets and financial services operations.
- Assist, assess, identify and mitigate the firm's regulatory risks in conducting its business cross border into all relevant jurisdictions
Reporting:
- Serve as the point of contact for supervisory authorities, ensure timely and accurate reporting to regulatory bodies.
- Take appropriate action and reporting in accordance with procedures on the occurrence of a breach of laws or regulations to direct managers
Audits and Reviews:
- Conduct regular audits and reviews of compliance processes and operational workflows
Training:
- Develop and present training programmes on regulatory matters to all staff, including training and support to staff on compliance-related matters.
- Take reasonable steps to establish and maintain adequate arrangements for awareness and training, including anti money laundering
Collaboration:
- Work closely with legal, risk management, and operational teams to ensure cohesive compliance strategies and stay abreast of regulatory changes
- Work with Business team(s) to ensure all aspects are comply with regulatory requirements.
Projects Management:
- Responsible and involve in any implementation of compliance related projects, including assisting in monitoring and testing tasks and initiatives.
Requirements:
- Bachelor's Degree in Finance, Business Administration, Law, or a related field. Advanced degrees or certifications (e.g., CFA, FRM) are a plus.
- Min. 10 years of experience in compliance within capital markets or financial services.
- Min. 8 years of experience with capital/global market knowledge and be well aware of MAS regulations and cross-border activities
- Prior experiences with Banking & Financial Services Regulatory Board a plus
- Strong understanding of financial regulations, excellent analytical and problem-solving abilities, and effective communication and leadership skills.
- Deep understanding of market regulations and compliance requirements.
- Proficiency in identifying and managing compliance risks.
- Ability to develop and implement efficient compliance processes.
- Excellent verbal and written communication skills.
