AVP - Risk and Controls, ASDV

Sumitomo Mitsui Banking Corporation; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

Sumitomo Mitsui Banking Corporation Singapore is seeking an experienced Compliance professional to lead risk and regulatory controls as a first line of defense partner. You will oversee risk assessments, control improvements and responses to information requests, coordinating with 2LOD reviews and audits to remediate findings.

The role requires 6–10 years in banking compliance, solid knowledge of Banking Act and related notices, strong analytical abilities, and proven collaboration across the

Qualifications

• Relevant degree holder with 6–10 years of compliance, risk or regulatory work in banking.
• Strong knowledge of Banking Act and related notices/subsidiary legislation and ability to apply.
• Good judgement and problem-solving skills with results-oriented focus.
• Team player with ability to work across all levels of the organization.
• Strong analytical and communication skills; proactive and independent.
• Experience with MSForms, Power BI and Microsoft 365 preferred.

Responsibilities

• Provide advisory support and serve as a resource to departments in ASDV on compliance and controls.
• Maintain risk control register; perform risk assessments and identify control gaps.
• As 1LOD, oversee surveillance and coordinate with 2LOD to remediate findings.
• Oversee COI and PSI controls including information barrier protocols.
• Review pitchbooks for regulatory compliance and fair dealing.
• Coordinate and manage mandatory internal training and CPD hours.
• Assist during audits or inspections and help resolve issues.

Skills

Regulatory compliance

Risk management

Regulatory reporting

Power BI

MS Forms

Microsoft 365

Education

Bachelor's degree

Tools

M365 applications

Job description

Job Responsibilities:

• Provide advisory support and serve as resource to departments in ASDV regarding compliance and control issues.

• Maintenance of risk control register, conduct ongoing review of key risk areas, perform risk assessments to identify gaps and formulate measures to enhance effectiveness of controls.
• As 1 LOD, proactively manage surveillance and compliance reviews by 2 LOD, by identifying and addressing control weaknesses ahead of 2LOD review, coordinate business responses to information requests and ensuring findings are remediated promptly
• Oversee COI and PSI controls within department, incl. wall crossing procedures, information barrier protocols and restricted list maintenance.
• Review pitchbooks for regulatory compliance, fair dealing, disclosure accuracy for required dis...
• Assess Accredited Investor/Institutional Investor status based on complex structures and trust arrangements
• Coordinate and manage the timely completion of mandatory internal training and SFA/FAA-required CPD hours by staff, including tracking, record‑keeping, escalation of late completion, and coordination with approved external training providers, HR and Compliance Dept.
• Conduct internal compliance trainings as 1LOD to ensure staff are provided with sufficient education and awareness to ensure compliance with regulatory requirements and Bank procedures.

• Assist during internal and external audits or inspections, including following up on and assisting in resolving identified issues or deficiencies

Job Requirements

• Relevant degree holder, with 6-10 years of compliance, risk or regulatory work experience in banking industry.
• Good knowledge and understanding of financial regulatory requirements such as Banking Act, Securities and Futures Act and its related notices/subsidiary legislation and ability to apply.
• Good judgement, problem solving skills and be results/task oriented to ensure sound implementation of controls, compliance processes and procedures.
• Team player and demonstrated ability to work across all levels of the organization.
• Strong analytical and with good communication skills.
• Proactive, independent and resourceful.
• Able to work under time constraints and pressure.
• Demonstrated experience with MSForms, Power BI and other M365 applications will be an advantage