Compliance Executive

STRAITS FINANCIAL SERVICES PTE. LTD.; Singapore; On-site; SGD 70,000 - 110,000; Full time

Job summary

STRAITS FINANCIAL SERVICES PTE. LTD. is seeking a Compliance Executive to support second-line governance on financial crime and regulatory compliance with a focus on SFA/FAA obligations for the Singapore market.

You will collaborate with multiple departments to implement controls, monitor regulatory risks, and coordinate with regulators to ensure timely responses, while ensuring adherence to internal policies in a fast-paced brokerage environment.

Qualifications

• Degree in Business, Accounting, Finance or equivalent.
• 3+ years in financial/brokerage industry.
• Experience with SFA/FAA and exchange regulations.
• Familiarity with regulatory reporting and surveillance.
• Strong writing and communication skills.

Responsibilities

• Manage regulatory compliance across local entities within the Group.
• Research new regulatory requirements and propose implementation actions.
• Review annual compliance calendars and programs.
• Perform compliance reviews and address non-compliance with realistic remediation plans.
• Coordinate with counterparties on regulatory requests and ensure prompt follow-up.
• Carry out fund movement surveillance.
• Review advertising and marketing materials.
• Provide guidance on compliance policies and procedures.

Skills

Regulatory compliance

Financial crime prevention

SFA/FAA knowledge

Regulatory liaison

Adaptability

Education

Bachelor's Degree in Business/Finance/Accounting

Job description

We are looking for a Compliance Executive with an eye for detail but able to work efficiently to assist in all regulatory compliance matters. Candidate should have experience in the space of financial crime prevention, as well as with the Securities and Futures Act. Experience in handling regulators would be helpful.

The team is responsible for establishing and maintaining appropriate second-line governance and reporting arrangements for financial crime and compliance matters. This includes supporting existing business activities as well as the implementation of new businesses, and assisting in identifying and addressing AML, compliance and regulatory risks. The team also works closely with other departments across the organisation to support the effective management of compliance risks and ensure that appropriate processes and controls are in place.

Compliance Executive Central - Suntec City

Responsibilities:

Your primary responsibilities will be:

• Managing regulatory compliance across all local entities within the Group;
• Proactively anticipate and research on new regulatory requirements, including consultation papers, propose and follow through with implications on the business and implementation actions;
• Review annual compliance calendar and programs, ensuring adherence to ongoing obligations;
• Perform compliance reviews, taking action in dealing with non-compliance situations and creating realistic plans to overcome them;
• Coordinate with counterparties on regulatory requests and ensure prompt follow-up.
• Carry out fund movement surveillance.
• Review advertising and marketing materials;
• Assist to provide advice and guidance on compliance policies and procedures relevant to the applicable rules and regulations of the company.

Internal compliance

• Provide 2nd level monitoring and management of compliance to internal policies and procedures;
• Process improvements and other ad-hoc projects, including system implementation and testing, in relation to the above scope.
• Escalate salient matters to the Head of Compliance as necessary.
• All other tasks as allocated by Head of Compliance from time to time.

Requirements:

You should possess the following:

• At least a Degree in preferably Business, Accountancy, Finance or equivalent;
• At least 3 years of relevant working experience in the financial/ brokerage (securities/derivatives) industry;
• Candidates with Trade Surveillance background will be viewed favourably;
• Well-versed with regulatory obligations of SFA, FAA, as well as exchange regulations (e.g. CME, ICE EU, SGX).
• Able to work in a high volume, fast-paced environment that is continuously growing;
• Highly collaborative and possess excellent writing, communication and problem-solving skills;
• Team player but able to work independently;
• Meticulous, mature with a positive work attitude.