Senior Compliance Specialist

The Japan Research Institute (JRI) Limited is a subsidiary of Sumitomo Mitsui Banking Corporation (SMBC) Group. SMBC Group is a Tokyo-based bank holding company that is ranked among the largest 25 banks globally by assets under management. JRI provides comprehensive, highly value-added information services through the coordinated application of its 3 functions: information systems, consulting, and think-tank. As a system integrator, JRI offers services in IT strategy planning, implementation and outsourcing to a broad range of industries and activities. JRI Singapore currently supports the overall IT functions of Sumitomo Mitsui Banking Corporation (SMBC) in the Asia Pacific Region.

Job Responsibilities

• Lead communications with external/internal audit in collaboration with respective departments.
• Provide guidance to stakeholders on managing requests from auditors.
• Review adequacy of audit submissions by departments.
• Plan for any mitigation controls with relevant departments and track the implementation to closure for reporting to management.
• Monitor continuous implementation of selected improvement action plans.
• Develop risk management strategies and establish relevant framework, procedures.
• Drive risk assessment process of the company and provide advice to address risk areas of weakness.
• Establish formal mechanism/process for capturing, monitoring, and reporting compliance breaches and operational/fraud loss events across all departments.
• Ensure that all due diligence checks for third parties/outsourcing service providers are conducted and completed based on requirements.
• Evaluate and examine whether the activities performed by Business Units are effective, appropriate and compliant with key regulations.
• Report the results of evaluation and examination to Management.
• Lead compliance investigations and ensure that it is conducted as per the approved processes.
• Keep abreast of regulatory changes/updates and perform gap analysis for alignment of entity policy and procedure as needed.
• Review and assess breaches flagged to compliance.
• Provide an independent oversight and propose solutions to address the gaps/breaches.
• Ensure that all required trainings are conducted and completed within stipulated schedule.
• Perform other ad hoc duties as and when assigned.

Job Requirements

• Bachelor’s Degree in Law, Business Administration, Finance, Accounting, Information Systems or related field.
• Preferably with professional certifications such as CISA, CISM, CISSP, CIPP, CBCI, CRM, ICA, CA.
• Min. 5 - 8 years of relevant work experience in compliance, internal control, risk management or internal audit in a bank, financial institution, or professional firm.
• Possess in-depth knowledge of Singapore laws, regulations and risk management (e.g. MAS Notices and Guidelines, ISO 31000 Risk Management etc).
• Preferably with working experience in financial services, IT industry in particular related to system development and integration.
• Preferably with working experience in managing corporate governance, risk management and compliance.
• Excellent technical writing and documentation skills.
• Advanced skills in using Microsoft Office products.
• Good appreciation for risk related subjects.
• Strong communication, interpersonal and presentation skills.
• Possess strong project management and analytical skills, and the ability to interpret complex regulations.
• Experience in operating and maintaining Incident management reporting mechanism.
• Effective communication and management of stakeholders.
• A self-starter team player who can work proactively with minimum supervision.
• High level of integrity and takes accountability over work.
• Ability to generate innovative ideas and challenge the status quo.