Vice President, Compliance and Risk Management
Salary undisclosed
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Key Responsibilities -
Compliance function
- In-charge of the overall regulatory compliance of the firm;
- Conduct monitoring activities, including financial crime prevention, to mitigate risks and ensure compliance with regulatory standards and internal policies;
- Manage and maintain the compliance checklist and calendar to ensure timely regulatory submissions and adherence to compliance/regulatory deadlines;
- Perform compliance reviews, including incident reports, complaints, and whistleblowing investigations;
- Oversee the firm’s client onboarding / KYC process to ensure regulatory compliance and risk management;
- Conduct firm-wide compliance training, including AML training, in timely and efficient manner;
- Act as the Data Protection Officer of the firm, ensuring proper information security and data protection in accordance with the Personal Data Privacy Act.
- Maintain, review, and update the firm's policies and procedures to ensure compliance with regulatory requirements and industry best practices;
- Keep stakeholders informed about new and existing regulatory requirements, including impact analysis, proposed actions, and implementation of necessary measures;
- Manage the firm’s licensing matters, including MAS representative registration, fit and proper assessments, including ensuring the firm’s adherence to its licence conditions.
Risk Management function
- Foster a strong risk culture within the firm by promoting risk awareness and best practices;
- Conduct risk assessments to identify potential areas of concern and collaborate with business units to mitigate risks to an acceptable level;
- Proactively manage key risks by implementing and maintaining effective controls;
- Continuously enhance and improve policies and procedures to align with regulatory requirements and industry standards;
Others
- Review and provide guidance on new business initiatives from a Compliance and Risk Management perspective;
- Participate in the firm’s Business Continuity Management to ensure operational resilience;
- Manage and support internal audit engagements, including responding to audit findings and implementing corrective action plans;
- Oversee IT implementation with a focus on cybersecurity and cyber hygiene to safeguard company systems and data;
- Provide oversight on operational settlement matters to ensure efficiency and compliance with regulatory requirements.
Requirements -
- Minimally a Bachelor’s degree, preferably in Law, Accountancy, Finance, or a related field;
- Minimum of 6 years of relevant experience in the financial industry including liaising with regulators;
- Strong understanding in Securities and Futures Act, its subsidiary regulations, and the Monetary Authority of Singapore’s Notices and Guidelines;
- Good advisory skills to guide the firm on risk events, develop risk mitigation strategies, and implement tools and controls for effective risk monitoring and management;
- Strong writing and communication skills;
- Self-motivated with the ability to work independently;
- Highly collaborative with excellent problem-solving and interpersonal skills;
- Able to prioritize workloads and ensure deadlines are consistently met;
- Strategic thinker with a clear understanding of objectives and their impact;
- Preferably possessing prior experience within a compliance function for an investment bank / securities house.
Key Responsibilities -
Compliance function
- In-charge of the overall regulatory compliance of the firm;
- Conduct monitoring activities, including financial crime prevention, to mitigate risks and ensure compliance with regulatory standards and internal policies;
- Manage and maintain the compliance checklist and calendar to ensure timely regulatory submissions and adherence to compliance/regulatory deadlines;
- Perform compliance reviews, including incident reports, complaints, and whistleblowing investigations;
- Oversee the firm’s client onboarding / KYC process to ensure regulatory compliance and risk management;
- Conduct firm-wide compliance training, including AML training, in timely and efficient manner;
- Act as the Data Protection Officer of the firm, ensuring proper information security and data protection in accordance with the Personal Data Privacy Act.
- Maintain, review, and update the firm's policies and procedures to ensure compliance with regulatory requirements and industry best practices;
- Keep stakeholders informed about new and existing regulatory requirements, including impact analysis, proposed actions, and implementation of necessary measures;
- Manage the firm’s licensing matters, including MAS representative registration, fit and proper assessments, including ensuring the firm’s adherence to its licence conditions.
Risk Management function
- Foster a strong risk culture within the firm by promoting risk awareness and best practices;
- Conduct risk assessments to identify potential areas of concern and collaborate with business units to mitigate risks to an acceptable level;
- Proactively manage key risks by implementing and maintaining effective controls;
- Continuously enhance and improve policies and procedures to align with regulatory requirements and industry standards;
Others
- Review and provide guidance on new business initiatives from a Compliance and Risk Management perspective;
- Participate in the firm’s Business Continuity Management to ensure operational resilience;
- Manage and support internal audit engagements, including responding to audit findings and implementing corrective action plans;
- Oversee IT implementation with a focus on cybersecurity and cyber hygiene to safeguard company systems and data;
- Provide oversight on operational settlement matters to ensure efficiency and compliance with regulatory requirements.
Requirements -
- Minimally a Bachelor’s degree, preferably in Law, Accountancy, Finance, or a related field;
- Minimum of 6 years of relevant experience in the financial industry including liaising with regulators;
- Strong understanding in Securities and Futures Act, its subsidiary regulations, and the Monetary Authority of Singapore’s Notices and Guidelines;
- Good advisory skills to guide the firm on risk events, develop risk mitigation strategies, and implement tools and controls for effective risk monitoring and management;
- Strong writing and communication skills;
- Self-motivated with the ability to work independently;
- Highly collaborative with excellent problem-solving and interpersonal skills;
- Able to prioritize workloads and ensure deadlines are consistently met;
- Strategic thinker with a clear understanding of objectives and their impact;
- Preferably possessing prior experience within a compliance function for an investment bank / securities house.