Compliance Manager - Product Compliance (Associate Director/ Director)

Employer
Bank of Singapore
Location
Singapore, Singapore
Salary
Competitive
Posted
26 Jun 2022
Closes
10 Jul 2022
Ref
15592445
Job Function
Compliance/Regulatory
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
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!

GENERAL DESCRIPTION

This position within the Product Compliance Team of the Compliance Department is mainly responsible for ensuring product compliance at the bank. The incumbent will also be contributing to other compliance advisory duties by the team. The successful candidate is expected to be knowledgeable in regulatory requirements surrounding products and services, as well as intimate understanding of current laws and regulations relevant to the private banking business. The successful candidate should be able to work independently in the product compliance area, but a team player at the same time.

MAIN DUTIES
  • Provide advice and support to management and staff on compliance related areas, rules and regulations, bank's internal policies and procedures, etc.
  • Contribute as compliance representative in working group discussions, advising on compliance issues relating to regulatory requirements for the offering of investment products and services as well suitability and sales processes.
  • Review and comment on marketing materials, research materials, and other bank publications as well as counterparty contractual documentation.
  • Participate in bank-wide regulatory projects where required.


Qualifications
WORK EXPERIENCE REQUIREMENTS
  • 8 - 12 years of experience in compliance function, preferably with at least 5 years in private banking environment.
  • Notable experience in regulatory compliance relating to investment products is a must.
  • Knowledgeable in Banking Act, Securities and Futures Act, Financial Advisers Act, and other regulatory requirements facing private banks e.g., offering regime of investment products, licensing, client suitability, sales and advisory related issues.
  • Strong communication and interpersonal skills.
  • Some knowledge of regional regulatory requirements, although not compulsory, will be favored.
  • Team player with the ability to work independently.
  • Solutions-oriented and willingness to work on various compliance issues.
  • Must be able to adapt to working in a fast-paced environment.

EDUCATION REQUIREMENTS
  • Degree holder

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