Regulatory Compliance (Full Licensed Foreign Bank)

WATERSTONE CONSULTING PTE. LTD.; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A financial consulting firm in Singapore seeks a Regulatory Compliance Officer to support the regulatory team in implementing compliance plans. The role involves responding to queries from regulatory authorities, conducting compliance reviews, and training staff on regulatory standards. Candidates should have a degree and 3-5 years of banking compliance experience, along with excellent communication skills. This position is crucial for ensuring adherence to banking regulations.

Qualifications

• 3-5 years of experience in Regulatory Compliance within a banking environment.
• Meticulous and able to work independently.
• Strong communication and interpersonal skills.

Responsibilities

• Assist the regulatory team with compliance implementation.
• Respond to queries from regulatory authorities.
• Develop and perform periodic compliance reviews.
• Investigate compliance breaches and customer complaints.
• Draft annual compliance plan for management approval.
• Conduct compliance training and advisory on relevant acts.
• Update compliance policies based on regulatory requirements.
• Prepare periodic reports for authorities and management.
• Monitor changes in regulations and conduct briefings.
• Conduct annual regulatory risk assessment.

Skills

Regulatory compliance knowledge

Communication skills

Independence

Education

Degree in relevant field

Job description

Responsibilities:

• Assist the regulatory team to ensure the implementation of the branch compliance plan
• Respond to regulatory authorities' routine queries and coordinates completion of survey and other request for information
• Develop and perform periodic compliance reviews
• Investigates compliance breaches and customer complaints.
• Draft the annual compliance plan for HOD and management approval.
• Conducts compliance training and provides advisory on Banking Act, SFA and FAA and other compliance matters
• Implement and update compliance policies and procedures based on Head Office, and local regulatory requirements.
• Prepares/reviews periodic reporting to local regulatory authorities, Head office and Management.
• Tracks/monitor changes and updates on local regulations, conducts briefing and discussions on implementation with relevant departments and post implementation review.
• Conducts annual regulatory risk assessment

Requirements:

• Degree holder with at least 3-5 years’ experience in Regulatory Compliance in a bank
• Meticulous and ability to work independently
• Good communication and interpersonal skills.

Interested candidates please email resume in MS Word format to [e-mail]

Please state your last drawn and expected package, relevant skill sets and the position you are applying for.

Resumes collected will be kept in strict confidence and used for recruitment purposes only.