Head of Compliance (Banking)

Michael Page International; Singapore; On-site; SGD 250,000 - 350,000; Full time

Job summary

Michael Page International represents a client, an international financial services group, establishing a Singapore branch and seeking a Head of Compliance/MLRO to lead regulatory compliance and financial crime efforts. You will design the local compliance framework, conduct risk assessments, and coordinate with regional and global teams to align with MAS requirements.

The role offers high visibility, ongoing interaction with regulators and senior stakeholders, and a mandate to shape the

Qualifications

• Minimum 15 years of compliance experience in banking.
• Experience as Head of Compliance, MLRO, Deputy MLRO or senior compliance leader for a Singapore-regulated entity.
• Strong knowledge of MAS requirements and regulatory engagement with regulators and audits.

Responsibilities

• Act as the local Head of Compliance and MLRO for the Singapore branch.
• Establish and maintain the local compliance framework, risk assessments, monitoring programmes and governance processes.
• Lead engagement with MAS, including regulatory enquiries, inspections, surveys, audits and supervisory reviews.
• Advise senior management on regulatory developments, new products, compliance risks and financial crime matters.
• Develop local policies and controls with regional/global teams.

Skills

Regulatory compliance

AML/CFT

Financial crime

Regulatory engagement

Governance

Job description

• Lead Compliance for a newly established Singapore banking branch
• Build the Singapore compliance framework for a global banking platform

About Our Client

Our client is an established international financial services group with a strong global presence across banking, institutional and investment services. The organisation supports financial institutions, asset managers, investment funds and institutional investors through a broad range of banking and asset servicing solutions. As part of its continued expansion in Asia, the group is establishing a new Singapore branch and building out its local governance, regulatory compliance and financial crime capabilities. This is an opportunity to join the business at an early stage and play an important role in developing the Singapore platform and its regulatory framework.

Job Description

• Act as the local Head of Compliance and MLRO, overseeing regulatory compliance, AML/CFT and financial crime matters for the Singapore branch.
• Establish and maintain the local compliance framework, risk assessments, monitoring programmes and governance processes.
• Lead engagement with MAS, including regulatory enquiries, inspections, surveys, audits and supervisory reviews.
• Advise senior management on regulatory developments, new products, compliance risks and financial crime matters.
• Develop local policies and controls while working closely with regional and global Compliance teams to support the Singapore business build-out.

The Successful Applicant

• Minimum 15 years of relevant Compliance experience within banking.
• Prior experience as a Head of Compliance, MLRO, Deputy MLRO or senior Compliance professional with meaningful responsibility for a Singapore regulated business or branch.
• Strong knowledge of Singapore regulatory requirements, with direct experience engaging regulators on regulatory matters, inspections or supervisory reviews.
• Proven ability to operate independently in a hands-on environment, develop compliance frameworks and work effectively with senior local, regional and global stakeholders.

What's on Offer

This is an opportunity to take on a highly visible leadership role within the new Singapore branch of an established international financial institution. You will have the opportunity to shape the local Compliance and AML framework from an early stage, work closely with senior stakeholders globally and play an important role in the long-term development of the Singapore business.

The organisation offers a competitive compensation package, strong international exposure and the opportunity to build a meaningful local Compliance function within a growing institutional financial services platform.