Head, Compliance Testing (Executive Director)

Bank of Singapore
Singapore, Singapore
05 May 2022
04 Jun 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
At Bank of Singapore, we are constantly on the lookout for exceptional individuals to join our team. We promote a culture of openness, teamwork and fairness. Most importantly, we invest in our people through our programmes that develop them on both professional and personal levels. Besides attractive remuneration packages, we offer non-financial benefits and opportunities to develop your potential within OCBC Group's global network of subsidiaries and offices. If you have passion, drive and the will to succeed, rise to the challenge today!

Primary Responsibility

The incumbent reports to both BOS Global Head of Compliance and OCBC Group Head, Compliance Testing, and is expected to manage BOS Compliance Testing function, covering BOS Group Entities. The incumbent will strategise, lead and participate in the development and execution of risk-based compliance testing program in line with OCBC Group Compliance Testing framework, methodology and approach.

Key accountabilities include:
  • Manage compliance testing of BOS Singapore and BOS Group Entities against key Regulatory and Financial Crime risk themes based on the outcome of the Compliance Risk Assessment (CRA) and testing programme.
  • Develop and execute a robust Compliance Testing Plan to monitor compliance with rules, laws and regulations.
  • Manage the planning, execution, and reporting of compliance testing reviews and ensure that all issues/ observations raised are addressed/ resolved in a timely manner. Ensure that significant issues/ gaps are escalated to BOS Executive Risk Committee and OCBC Senior Management through Global Head of Compliance and OCBC Group Head, Compliance Testing.
  • Work with and positively engage bank-wide stakeholders to address regulatory risks with the appropriate internal controls.
  • Develop effective relationships within Compliance Testing function, OCBC Group Compliance Testing, bank-wide stakeholders, Group Audit and regulators.
  • Manage the development and updates of revised Compliance Risk Assessment for BOS and contribute critical inputs on BOS and where required on OCBC Methodology on Compliance Risk Assessment and Testing.
  • Manage a team of Compliance Testing Officers (CTOs) based in Singapore and Hong Kong. Responsible for hiring, compensation, performance appraisals, staff development, training, etc. Analyse and provide credible challenges to team's assessment of the control environment (of relevant assessment units) and testing outcomes.
  • Promote knowledge sharing of best practices across all business units as well as within Compliance Testing function.

  • At least 15 years of compliance experience within the banking/finance industry (preferably in an audit, testing or assurance role in private banking).
  • Expertise in Compliance laws, rules and regulations.
  • Demonstrate extensive abilities as a leader, which include creating a positive environment, monitoring of workloads of the team, providing meaningful feedback in a timely manner and keeping leadership informed of progress.
  • Extensive global compliance and audit related experience, and strong knowledge of business processes and IT technologies utilized in Financial Services industry, including "future skillsets" such as deployment of data analytics in compliance testing.
  • Strong interpersonal skills for building strong relationships with stakeholders and engaging teams.

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