Compliance Team Lead (Bank VP - RNF) [Up to $120K/ annum]

Recruit Express Pte Ltd.; Singapore; On-site; SGD 100,000 - 120,000; Full time

Job summary

A reputable recruitment agency in Singapore is looking for a Compliance Team Lead to oversee operations related to fit and proper certification for sales representatives. The candidate should have at least 8 years of relevant experience, strong leadership skills, and a deep understanding of compliance regulations. This role involves managing risk assessments and ensuring adherence to regulatory requirements.

Qualifications

• At least 8 years of relevant experience in RNF and HR operations compliance.
• In-depth knowledge of MAS’ Guidelines on Fit and Proper Criteria.
• Supervisory experience with RNF regulations.

Responsibilities

• Lead and supervise a team for fit and proper certification.
• Ensure timely compliance with regulatory requirements.
• Manage operational risk assessment programs.

Skills

Leadership

Risk management

Compliance regulations

Fit and Proper Certification

Education

Degree

Job description

Compliance Team Lead (Bank VP - RNF) [Up to $120K/ annum]

9AM to 6.30PM Monday to Thursday, and 9AM to 5.30PM Friday with 1 Hour meal break

Up to $120K/ annum

Responsibilities:

The incumbent will lead and supervise a team to deliver time sensitive support for fit and proper certification of sales representatives and persons under the Individual Accountability and Conduct (IAC) Framework as well as facilitate prompt sales licensing in accordance with regulatory requirements. This role will also manage risk management and compliance related activities for the department.

Key responsibilities for the incumbent include the following:

• Responsible for end-to-end Representative Notification Framework (RNF) processes including advisory on RNF related matters and regulatory requirements, RNF data and register maintenance in the HR system, due diligence checks for newly appointed sales representatives prior to RNF lodgements, sales code issuance as well as license payments
• Closely monitor and manage MAS reporting on changes to personal particulars and/or regulated activities of sales representatives and address queries from relevant stakeholders where needed
• Work with relevant parties within and outside of HR to collate required data for regulatory reporting and ensure timelines are adhered to
• Manage regular fit and proper declarations from relevant employees, background screening and clearance of any adverse findings, and ensure that due diligence are executed promptly in accordance with regulatory and policy requirements
• Act as a central point of contact for audit and compliance review exercises
• Manage operational risk assessment programs for the department and coordinate with various teams to ensure that reviews are conducted in a timely manner with clear documentations

Requirements:

• Degree with at least 8 years of relevant experience in managingRNFand HR operations compliance / risk management activities.
• Supervisory experience with in-depth knowledge of MAS’ Guidelines on Fit and Proper Criteria and familiarity with RNF regulations and related transactions processing is essential

CEI Reg. No. R23113787

EA License No. 99C4599

We regret that only shortlisted candidates will be notified.