Assistant Vice President - Compliance

SMBC Group; Singapore; On-site; SGD 90,000 - 150,000; Full time

Job summary

SMBC Group role focuses on 2LoD compliance, acting as the central Control Room specialist to manage sensitive data and KYC reviews in accordance with regulatory requirements and internal policies.

The role supports Legal and Compliance, maintaining information barriers, overseeing onboarding and periodic KYC, and escalating financial crime risks while advising business units on compliance improvements.

Qualifications

• 5 years compliance experience in control room processes and KYC reviews.
• Experience with M&A and DCM businesses preferred.
• Strong familiarity with MAS notices and circulars is useful.
• Excellent communication and interpersonal skills.

Responsibilities

• Oversee and enhance the control room framework for 2LoD compliance.
• Manage information barriers and data sensitivity controls.
• Perform COI checks and deal reviews to identify conflicts.
• Conduct KYC reviews for onboarding and periodic reviews.
• Escalate potential financial crime risks in a timely manner.
• Provide counsel and guidance to business units on compliance issues.

Skills

Regulatory knowledge

KYC experience

Communication skills

Stakeholder management

Job description

This role is a 2nd Line of Defence (2LoD) Compliance officer responsible for overseeing and enhancing the company’s control room framework with a key focus to act as the central Control Room specialist managing sensitive data and information barriers and also managing KYC reviews in accordance with regulatory requirements & internal policies. The role ensures that customer profiles are accurately risk-assessed, documentation is updated on schedule, and potential financial crime risks are identified and escalated promptly.

Principle role within the 2LoD function for a KYC-focused compliance role is to support Legal and Compliance Department in:

• Managing information barriers to restrict the flow of MNPI between public and private sides of the Company
• Maintaining watch and restricted lists, handling wall crossing and cleansing and record-keeping in this respect.
• Performing COI checks and deal reviews to identify potential conflicts
• Surveillance and documentation to detect market abuse including monitoring of employee personal trading and communications
• Experience in managing onboarding of new clients and periodic KYC for existing clients in accordance with regulatory requirements and internal policies on a timely basis
• Provide constructive advice and proposals to Business and Management in order to improve effectiveness and efficiency of business on perspective of Compliance, and activate those practically.
• Working closely with business unit management to provide counsel, advice and support to the business on compliance related areas
• Assist with other on-going compliance matters including provide assistance in relation to review and approvals for G&E as needed
• Generate Compliance Rule, policies and procedures and related internal rules, or revise company existing Compliance Rule in line with Head Office policies and procedures.
• Perform PPM Reviews and updates as required
• To assist Head of Legal and Compliance to adhere and be in compliance with local regulation and Group directives.
• Maintain continuous and regular communication with our Head office and other group offices and make sure to maintain unified understanding and opinion for all businesses on legal and compliance perspectives.

Requirements:

• Ideally currently employed in the Compliance Division of a reputable CMS licence holder in Singapore
• 5 years compliance experience in managing control room processes and performing KYC reviews with a focus on M&A and DCM businesses preferred
• Strong familiarity with Securities & Futures Act and Financial Advisers Act, Securities and Futures Regulations, Financial Advisers Regulations other relevant legislation and MAS Notices and Circulars useful
• Good communication and interpersonal skills