Compliance Manager, Regulatory Compliance (Associate Director) Compliance Manager, Regulatory Compliance  …

Bank of Singapore
in Singapore
Permanent, Full time
Last application, 26 Nov 20
Competitive
Bank of Singapore
in Singapore
Permanent, Full time
Last application, 26 Nov 20
Competitive
Compliance Manager, Regulatory Compliance (Associate Director)
At Bank of Singapore, we are constantly on the lookout for exceptional individuals to join our team. We promote a culture of openness, teamwork and fairness. Most importantly, we invest in our people through our programmes that develop them on both professional and personal levels. Besides attractive remuneration packages, we offer non-financial benefits and opportunities to develop your potential within OCBC Group’s global network of subsidiaries and offices. If you have passion, drive and the will to succeed, rise to the challenge today!

Bank of Singapore opens doors to new opportunities.
Start your career with Bank of Singapore as a Compliance Manager in our Regulatory Compliance Department!
At Bank of Singapore, we are constantly on the lookout for exceptional individuals to join our team. We promote a culture of openness, teamwork and fairness. Most importantly, we invest in our people through our programmes that develop them on both professional and personal levels. Besides attractive remuneration packages, we offer non-financial benefits and opportunities to develop your potential within OCBC Group's global network of subsidiaries and offices. If you have passion, drive and the will
to succeed, rise to the challenge today!
As a member of the Regulatory Compliance team in Singapore, the staff will work closely and provide on-going advice to the business, risk and infrastructure units to assist them in analysing and resolving compliance issues, handle regulatory reporting and address regulatory inquiries, be a subject matter expert on regulatory requirements relating to private banking / wealth management business, and help drive effective implementation of policies and procedures arising from regulatory changes.
Main Duties:
  • Provide timely and quality advice to business, risk and infrastructure units on compliance, regulatory and policy matters.
  • 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.
  • Formulate and timely update Compliance 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.
  • Work closely with business, risk and infrastructure units to assess incidents whether they are regulatory breaches and handle regulatory breach reporting.
  • Assist to undertake management action plan to close Compliance-related audit points by regulator, internal audit and external audit.
  • Coordinate with internal stakeholders to address and respond to regulatory inquiries on a timely basis.
  • Prepare and submit regulatory reports by prescribed timelines.
  • Timely escalation of adverse or significant compliance/regulatory issues to Compliance management.


Qualifications
  • Minimum 5 years of relevant experience, preferably in private banking compliance; or with MAS or audit firms
  • Good understanding of the regulatory framework for private banking/wealth management business, including Banking Act, Securities and Futures Act and Financial Advisers Act.
  • Excellent interpersonal skills and the ability to work effectively in a team-oriented environment; with excellent written and oral communication skills.
  • Strong analytical skills and ability to exercise sound judgement and manage execution under pressure; able to meet tight timelines and work independently.
  • Attentive to details and capable of multi-tasking in a fast-paced environment.
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