Director - Transaction Banking, Technology Risk Compliance, Compliance Dept, Asia Pacific Division

SMBC Group; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

SMBC Group in Singapore seeks a seasoned Compliance adviser for Transaction Banking, covering cash management, payments, trade finance, liquidity, virtual accounts and cross-border services. You will engage early on new products and strategic initiatives to provide independent regulatory advice and challenge, ensuring regulatory, AML, sanctions and fraud risks are effectively addressed.

The role also requires independent second-line guidance on technology risk, cyber security, data governance

Qualifications

• 12+ years of relevant experience in financial services.
• Strong judgement, stakeholder management and influencing skills.
• Collaborative and team oriented.
• High level of integrity, ownership and accountability.

Responsibilities

• Act as the trusted Compliance adviser to Transaction Banking teams across products and services.
• Engage early on new products and strategic initiatives to provide independent regulatory advice and challenge.
• Independently assess and challenge whether the first line has adequately addressed regulatory, conduct, AML, sanctions and fraud risks.
• Challenge governance, customer outcomes, cross-border considerations, controls and remediation.
• Provide independent second-line advice on technology risk, cyber security, data, AI and incident-reporting requirements.
• Collaborate with Risk Management on third-party risk, outsourcing and operational resilience.

Skills

Regulatory compliance

Stakeholder management

Technology risk

Third-party risk

Operational resilience

Judgement

Influencing skills

Education

Degree in Information Technology, Cyber Security, Risk Management, Finance, Law

Job description

• Act as the trusted Compliance adviser to Transaction Banking business and product, operations and technology teams across cash management, payments, trade finance, liquidity solutions, virtual accounts, digital channels and cross-border services.
• Engage early on new products, material changes and strategic initiatives to provide independent regulatory advice and challenge.
• Independently assess and challenge whether the first line has adequately addressed regulatory, conduct, AML, sanctions and fraud risks, including virtual-account eligibility and structures, underlying-party transparency, identifier misuse, mule or pass-through activity, monitoring, reconciliation and data quality.
• Challenge governance, customer outcomes, cross-border considerations, controls and remediation, and escape material concerns.

Job Responsibilities

Transaction Banking Compliance Advisory

• Act as the trusted Compliance adviser to Transaction Banking business and product, operations and technology teams across cash management, payments, trade finance, liquidity solutions, virtual accounts, digital channels and cross-border services.
• Engage early on new products, material changes and strategic initiatives to provide independent regulatory advice and challenge.
• Independently assess and challenge whether the first line has adequately addressed regulatory, conduct, AML, sanctions and fraud risks, including virtual-account eligibility and structures, underlying-party transparency, identifier misuse, mule or pass-through activity, monitoring, reconciliation and data quality.
• Challenge governance, customer outcomes, cross-border considerations, controls and remediation, and escape material concerns.

Technology Risk Regulatory Compliance

• Provide independent second-line advice and challenge on technology risk, cyber security, data, AI and incident-reporting requirements from regulatory compliance perspective.
• Support Compliance QA as an independent technology risk subject matter expert while preserving QA independence.
• Monitor regulatory developments, escape material concerns and report concise insights to senior management and governance committees.

Third-Party Risk Management, Outsourcing & Operational Resilience

• Collaborate with Risk Management to provide independent second-line advice and challenge on third-party risk, outsourcing and related operational resilience requirements.
• Challenge the first line’s assessment and management of material arrangements, including due diligence, contracting, concentration risk, ongoing monitoring, business continuity, critical dependencies, recovery and exit planning.

Job Requirements

• Degree in Information Technology, Cyber Security, Risk Management, Finance, Law or a related discipline, with at least 12 years’ relevant experience in financial services.
• Strong experience as a Compliance partner to Transaction Banking or institutional banking, with sound knowledge of virtual accounts and associated regulatory, conduct, AML, sanctions and fraud risks.
• Working expertise in technology risk regulations, third‑party risk, outsourcing and operational resilience, including engagement with IT, Risk Management and assurance teams.
• Strong judgement, stakeholder management and influencing skills, with the ability to translate complex risks into clear regulatory and commercial implications.
• Collaborative, and team oriented.
• High level of integrity, attention to detail, ownership, and accountability.