Team Lead (Regulatory Compliance)

BANK OF CHINA LIMITED; Singapore; On-site; SGD 90,000 - 120,000; Full time

Job summary

A prominent financial institution in Singapore is seeking a seasoned compliance leader with 8-10 years of financial industry experience. The successful candidate will lead regulatory gap analysis, oversee compliance training, and liaise with local regulators. Proficiency in Chinese/Mandarin is required. This role offers an opportunity to shape compliance practices and enhance collaboration with key stakeholders.

Qualifications

• 8 to 10 years of experience in the financial industry with good regulatory compliance experience.
• Good understanding of MAS Notices and Guidelines.
• Ability to liaise with local regulators is an advantage.

Responsibilities

• Lead gap analysis of regulatory requirements and compliance policies.
• Provide advice to business lines on regulatory queries.
• Conduct Regulatory Compliance trainings and oversee compliance testing.

Skills

Regulatory compliance expertise

Excellent written and communication skills

Team leadership

Ability to understand Chinese / Mandarin

Education

Diploma in Compliance

Job description

Job Description

• Lead the team to be responsible for performing gap analysis of new/updated regulatory requirement, Head Office ("HO") General/Regulatory Compliance policy etc.
• Lead the review and update of Branch General/Regulatory Compliance policy and procedures.
• Lead the review of Compliance-related (such as Banking Act, Securities and Futures Act, Financial Advisers Act) procedures/SOPs from business lines.
• Provide advice to business lines relating to Regulatory Compliance queries and act as a liaison with the MAS and other regulatory bodies on regulatory matters.
• Review New Products, Practices and Technologies from Regulatory Compliance perspective.
• Conduct Regulatory Compliance trainings and oversee the compliance testing team and ensure the timely remediation by the business units of and gaps or lapses uncovered during the compliance testing.
• Prepare regular/ad-hoc management reporting.
• Participate in ad-hoc projects as assigned.

Job Requirements

• 8 to 10 years of more working experience in financial industry, and have good regulatory compliance experiences. Applicants with industry certification (e.g. Diploma in Compliance) would be preferred.
• Good understanding of MAS Notices and Guidelines relevant to BOCSG business areas.
• Previous experience in liaison with local regulator would be advantageous.
• Good working knowledge of the different business segments (Corporate/Retail/Private Bank/Card Business).
• Good written and communication skills with ability to develop a strong working partnership with external and internal stakeholders.
• Able to understand Chinese / Mandarin in order to communicate with Head Office.
• Demonstrated ability to lead a team, manage multiple tasks and work independently.
• Exhibit timeliness, responsibility and is dependable in all work assigned.