Compliance Head

BDO Unibank; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a Compliance Head to oversee regulatory compliance for its Singapore branch. This pivotal role involves ensuring adherence to the Banking Ordinance and guidelines from the Monetary Authority of Singapore. The Compliance Head will conduct thorough reviews of compliance practices, analyze risks, and serve as the key liaison between regulatory bodies and the branch. With a strong emphasis on communication and risk management, this position offers a unique opportunity to shape compliance strategies within a dynamic financial environment. If you are a seasoned professional with a passion for regulatory compliance, this is the perfect role for you.

Qualifications

• 7-10 years of compliance experience in banking or financial institutions.
• Strong understanding of Singaporean regulatory requirements.

Responsibilities

• Ensure compliance with Banking Ordinance and MAS guidelines.
• Conduct compliance reviews and analyze risks of non-compliance.
• Act as Liaison Officer between branch and regulatory agencies.

Skills

Regulatory Compliance

Risk Analysis

Communication Skills

Education

Bachelor's Degree in Finance or Related Field

Job description

The Compliance Head is responsible for the regulatory compliance control of the branch.

Responsibilities:

1. Ensure full compliance with requirements as specified in the Banking Ordinance, Securities and Future Ordinance, and guidelines issued by the Monetary Authority of Singapore (MAS) and Securities and Futures Commission (SFC), as well as other regulatory bodies. Ensure that the branch observes the bank’s policies, procedures, and guidelines on the prevention of money laundering and terrorist financing, especially in handling suspicious transactions involved in money laundering activities.
2. Conduct compliance reviews of relevant Singapore laws and regulations applicable to the branch, analyze the risks of non-compliance, and prioritize these risks. Perform periodic compliance reviews on applicable legal and regulatory requirements.
3. Act as the Liaison Officer between the Singapore branch, regulatory agencies, and the Head Office. Serve as the key contact point between the branch and regulatory bodies, promoting clear and open communication with the Head Office regarding compliance matters.
4. Handle administrative matters such as conducting regular compliance meetings, submitting reports required by regulatory agencies and the Chief Executive, and maintaining branch upkeep.

5. Perform other duties as assigned from time to time.

Qualifications:

• At least 7-10 years of experience in compliance functions within the banking industry or any financial institution, preferably in branch operations.

The candidate must be a Singaporean Citizen or Permanent Resident.