Assistant Vice President, Compliance and Risk Management

bni securities pte. ltd.; Singapore; On-site; SGD 90,000 - 120,000; Full time

Job summary

BNI Securities Pte. Ltd. is seeking a Compliance and Risk Management professional in Singapore to support regulatory compliance, monitor financial crime risks, and oversee KYC processes.

The role involves maintaining regulatory submissions calendars, conducting reviews, and improving policies and controls to align with MAS guidelines. The candidate should have a Bachelor’s degree and at least 3 years in financial services compliance, with strong communication skills and the ability to work

Qualifications

• Bachelor's degree in a related field preferred.
• Experience in regulatory compliance and risk management in financial services.
• Familiarity with Securities and Futures Act and MAS expectations is a plus.
• Strong written and verbal communication skills.

Responsibilities

• Support the management of the overall regulatory compliance of the firm.
• Support monitoring activities including financial crime prevention and risk mitigation to ensure compliance.
• Maintain compliance checklist and calendar for regulatory submissions and deadlines.
• Perform compliance reviews including incident reports and whistleblowing investigations.
• Oversee client onboarding / KYC to ensure regulatory compliance and risk management.
• Contribute to firm-wide compliance training including AML training.
• Update policies to align with regulatory requirements and industry best practices.

Skills

Compliance

Risk management

Financial crime

Cybersecurity awareness

Education

Bachelor's degree

Job description

Compliance function

• Support the managing of the overall regulatory compliance of the firm;


• Support in conducting monitoring activities, including financial crime prevention, mitigate risks and ensure compliance with regulatory standards and internal policies;


• Support 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;


• Support the Conduct firm-wide compliance training, including AML training, in timely and efficient manner;


• Maintain, review, and update the firm's policies and procedures to ensure compliance with regulatory requirements and industry’s best practices;


• Keep stakeholders informed about new and existing regulatory requirements, including impact analysis, proposed actions, and implementation of necessary measures;


• Support in managing 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;


• Support and manage 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 into operational settlement matters to ensure efficiency and compliance with regulatory requirements.

Requirements:

• Self-motivated with the ability to work independently and as a team member of the compliance and risk management function and the BSPL organization at large;


• Minimally a Bachelor’s degree, preferably in Law, Accountancy, Finance, or a related field;


• Minimum of 3 years of relevant experience in the financial industry including liaising with regulators;


• Working experience 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;


• 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 experience in possessing prior experience within a compliance function for an investment bank / securities house;


• Preferably but not a must to know how to converse in Bahasa Indonesian.