Vice President, Market Conduct Compliance

Singapore, Singapore
29 Jul 2022
28 Aug 2022
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Key Responsibilities

  1. Implement and maintain surveillance programs and activities with the objectives of detecting mis-selling and/or non- adherence to designed sales processes for retail customers. This is to meet the standards mandated by the Authority in relation to FAA N20 independent sales audit requirements.
  2. Implement and maintain surveillance programs and activities guided by the Private Banking Sales and Advisory Practices for Accredited Investors [Premier Private Clients] to meet fair dealing principles.
  3. Perform root cause analysis for purpose of identifying early warning signals and emerging risks, propose actions and work closely with stakeholders to address the issues identified as a risk mitigant.
  4. Drive timely reporting of results to the Business Units and submission to the Authority.
  5. Develop strong relationship with stakeholders by maintaining regular communications to deliver fair dealing principles.
  6. Responsible for leading investigation into wealth sales complaints to achieve fair outcome for our customers
  7. Lead investigation on potential misconduct incidents and deliberate fairly with the panel to derive with recommended consequence management to manage the staff and supervisor based on issues identified.
  8. Manage vendor to achieve effectiveness in conducting client survey and mystery shop exercise, including cost efficiency.
  9. Opportunity to participate at industry wide initiatives organised by ABS eg Mystery Shopping Program to drive public trust on banking with financial institutions.
  10. Continually reassess the surveillance programs and activities associated with the role and inherent in the business, taking account of changing market conditions, legal and regulatory requirements, operating procedures and practices and the impact of technology.

Key Stakeholders

  1. Branch Banking
  2. Wealth Management
  3. Customer Assurance
  4. Group Regulatory Compliance

  1. Vendor for client survey and mystery shop exercise
  2. ABS

  1. Degree holder with considerable work experience in consumer banking.
  2. Good knowledge of regulatory requirements on fair dealing, advisory and sales process.
  3. Strong awareness of risk and conduct issues and be able to investigate/escalate incidents and assess impact.
  4. Leadership experience and strategic thinker.
  5. Excellent communication and interpersonal skills, with experience of dealing with executives at different levels


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