Compliance Lead, Pegasus Venture - SC Ventures

Standard Chartered Bank
Singapore, Singapore
30 Apr 2022
15 May 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
About SC Ventures
SC Ventures ("SCV") was established in 2018 with the purpose of "Rewiring the DNA in Banking" by bringing three distinct areas together:
  • The eXellerator Lab, enabling innovation at large in Standard Chartered (the "Bank") by supporting intrapreneurs and their ideas, collaborating with fintech's through the SCV Fintech Bridge and engaging with clients and co-creation ideas.
  • The Investment Fund ("Fund"), tasked to acquire minority stakes in fintech companies ("fintechs") whose technology has been successfully validated in the Group.
  • Venture building, with the objective of exploring new business models ("ventures"), in the way it engages existing new customers and markets
There are c.65 team members (excluding individual ventures), including dedicated colleagues from the Bank's support functions, based in Singapore, Hong Kong, Shanghai, Nairobi, London and San Francisco.
About Dealcierge
Dealcierge (the "Venture") is a newly formed SCV-backed fintech based in Singapore that is building a M&A Deal Origination Platform (the "Platform").
The Venture will be regulated by the Monetary Authority of Singapore ("MAS") and will hold a Capital Markets Service License ("CMSL").
Job Responsibilities
Regulatory Relationship Management
  • Serve as the Venture's primary point of contact for all regulatory compliance matters.
  • Support the Venture's regulatory communication plan to maintain an excellent relationship with the regulators through close and regular dialogues to provide updates and drive resolution of issues.
Regulatory and Product Risk Management
  • Establish and implement robust Conduct, Financial Crime and Compliance (CFCC) risk governance and oversight processes to ensure that the Venture meets its CMSL and regulatory obligations.
  • Implement the Venture's risk assessment framework to assess the Venture's inherent CFCC risks and control measures
  • Design and implement policies, standards, and internal controls to ensure CMSL and regulatory requirements are satisfied and followed.
  • Implement and maintain a robust customer due diligence/know your customer programme for the onboarding of new customers and regular review of existing customers to comply with Anti-Money Laundering /Combating the financing of terrorism and Sanctions requirements.
  • Support internal and external reviews/audits from regulators, audit partners and the Bank.
  • Provide key stakeholders with the advice necessary to ensure that the Venture operates in accordance with relevant local regulatory requirements and the code of conduct to protect and enhance the reputation of the Venture and ultimately the Bank
  • Ensures entity and product level compliance with laws, regulations and Venture policies through a detailed understanding of local regulatory requirements.
  • Develop a compliance plan through an effective process of risk identification, assessment, mitigation to achieve entity compliance, include close engagement with SCV CFCC to put in place processes for monitoring of ongoing compliance.
  • Drive regulatory applications/notifications with close collaboration of stakeholders and address regulators' queries and requests in a satisfactorily and timely manner
Stakeholder Management
  • Proactively engage with key stakeholders to ensure that the Venture's compliance agenda and priorities are aligned and that compliance risks are duly considered and addressed in the implementation of the Venture.
  • Provide training on the relevant law and regulations to team members of the Venture and SCV
Key Stakeholders
  • Dealcierge Venture Lead / CEO
Role Requirements
  • 7+ years' experience across regulatory and compliance
  • Experience in dealing with regulatory and compliance requirements for a CMSL (regulated by the MAS) will be seen as advantageous
  • Experience in developing compliance programmes
  • A plus to have experience on advising on regional regulations (Southeast Asia)
  • A legal background, and any accompanying experience, will be looked at positively
  • Curiosity, pragmatism and independence
Technical Competencies

  • Previous background in legal with expertise in regulartory and complaince
  • Sound knowledge of local laws and regulations. Knowledge of those pertaining to a CMSL (regulated by the MAS) will be seen as advantageous
  • An ability to anticipate future regulatory requirements based on thorough research; a thorough knowledge of Group policies and how they apply to the local market environment
  • Strong project management and organisational skills
  • Advanced analytical skills
Our Ideal Candidate
  • Strong interpersonal and communication skills
  • Ability to manage the relationship with relevant government and regulatory stakeholders, to understand their concerns and communicate effectively to deliver optimal outcome
  • Providing guidance, advice, and/or training, to improve the Venture's understanding of relevant laws and regulatory requirements
  • Knowledge of business areas and products and the relevant regulatory requirements that apply
  • Ability to collaborate and work dynamically
  • Ability to effectively prioritise multiple tasks in a high-pressure environment
  • Exemplary integrity, ethics, independence, and resilience
  • Ability to handle sensitive matters at all levels of the organisation with discretion and confidentiality
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 160 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents. And we can't wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity , together with our brand promise, to be here for good are achieved by how we each live our valued behaviours . When you work with us, you'll see how we value difference and advocate inclusion. Together we:

  • Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
  • Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
  • Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

  • Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations
  • Time-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with with minimum global standards for annual and public holiday, which is combined to 30 days minimum
  • Flexible working options based around home and office locations, with flexible working patterns
  • Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
  • A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning
  • Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.

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