Director/VP - Compliance Officer, Alternative Asset Management - SMBC | Singapore, SG

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

Job summary

A leading financial institution is seeking a Director/VP - Compliance Officer to ensure adherence to regulatory requirements and develop compliance frameworks. The role entails liaising with regulatory bodies, monitoring developments, and advising on compliance matters while leading training programs. Ideal candidates will have extensive experience in compliance within financial services, particularly in alternative investment funds, with a strong educational background and excellent communication skills.

Qualifications

• 10 years of relevant Compliance experience in financial services preferred from alternative investment funds.
• Strong working knowledge of investment management industry and financial products.
• Experience with Compliance systems.

Responsibilities

• Liaise with MAS and regulatory bodies on filings and inspections.
• Develop compliance policies and monitor regulatory developments.
• Prepare regular compliance reports to the Board and relevant committees.

Skills

Analytical skills

Attention to detail

Effective communication

Education

Bachelor's degree in Law, Accounting, Business or related discipline

Job description

Director/VP - Compliance Officer, Alternative Asset Management - SMBC

Director/VP - Compliance Officer, Alternative Asset Management - SMBC

• Liaise with MAS and other regulatory bodies on regulatory filings/submissions, inspections, and reporting obligations.
• Monitor regulatory developments and ensure timely implementation of new MAS requirements, guidelines, and circulars.
• Develop and maintain compliance policies, procedures, and internal controls to meet MAS and global regulatory requirements.
• Ensure compliance frameworks are tailored to the unique operational characteristics and risks of our investment strategies.
• Oversee the compliance monitoring and testing program, including trade surveillance, AML/CFT screening, and personal account dealing reviews where applicable.
• Conduct or coordinate with group departments on compliance reviews and internal audits
• Monitoring regulatory developments and updating internal policies accordingly.

Key Responsibilities

Regulatory Compliance

• Liaise with MAS and other regulatory bodies on regulatory filings/submissions, inspections, and reporting obligations.
• Monitor regulatory developments and ensure timely implementation of new MAS requirements, guidelines, and circulars.

Policies & Procedures

• Develop and maintain compliance policies, procedures, and internal controls to meet MAS and global regulatory requirements.
• Ensure compliance frameworks are tailored to the unique operational characteristics and risks of our investment strategies.

Monitoring & Surveillance

• Oversee the compliance monitoring and testing program, including trade surveillance, AML/CFT screening, and personal account dealing reviews where applicable.
• Conduct or coordinate with group departments on compliance reviews and internal audits
• Monitoring regulatory developments and updating internal policies accordingly.

AML/CFT & KYC

• Work closely with fund administrators and act as the designated AML Officer and/or Money Laundering Reporting Officer (MLRO), where applicable.
• Ensure adherence to MAS AML/CFT guidelines and global standards for investor onboarding and ongoing monitoring, especially in complex fund structures.

Training & Advisory

• Provide compliance advisory support to investment, operations, and distribution teams on fund structuring, product launches, and cross-border activities.
• Lead regular staff training sessions on compliance, AML, and conduct risk topics relevant to alternative investments.

Governance & Reporting

• Prepare and present regular compliance reports to the Board, CEO, and relevant committees.
• Support the risk management function and collaborate with internal/external audit teams.
• Coordinate with internal legal/compliance teams on group-level compliance activities

Requirements

• A bachelor's degree with good academic results from a good university, in Law, Accounting, Business or related discipline.
• 10 years of relevant Compliance experience in financial services. Candidates from alternative investment funds are preferred.
• Good working knowledge of the investment management industry and financial products.
• Strong analytical skills and ability to demonstrate and articulate a clear thought process in analyzing regulatory and compliance issues. Diligent with attention to details.
• Ability to perform processes and controls using Compliance systems.
• A proactive, confident, and highly motivated person who is able to work both independently and as a member of the team and with an ability to multitask.
• Effective communication skills with clear and succinct written and oral communication and interpersonal skills.

We would like to remind you that eFinancialCareers is a job board and does not conduct hiring or ask for payment or any financial details as part of the job application process.

If you receive any suspicious messages claiming to be from us or a hiring company, we urge you not to click on any links and not to reply to the message itself.

Instead, please report the message to our support team at [e-mail] .

It is advisable to always verify job offers directly with the hiring company.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.