COMPLIANCE OFFICER (RT)

Job Summary

The Compliance Officer is responsible for supporting the Bank’s regulatory compliance framework and ensuring that its business activities, policies, procedures, and marketing communications comply with the requirements of the Monetary Authority of Singapore (MAS) and other applicable banking regulations.

The role provides regulatory advice to business and support functions, assesses the impact of new or revised regulations, conducts compliance reviews, and supports regulatory reporting and compliance-related projects. The successful candidate will work closely with management, internal departments, and Head Office to strengthen compliance governance and promote an effective compliance culture across the Bank.

Key Responsibilities

1.Regulatory Advisory

• Provide timely and practical regulatory advice on MAS requirements and other applicable banking regulations.
• Advise business and support teams on regulatory obligations, compliance risks, and appropriate control measures.
• Interpret regulatory requirements and explain their implications to relevant stakeholders.
• Support management and business units in addressing regulatory and compliance-related queries.

2.Regulatory Change Management and Gap Analysis

• Monitor new and revised MAS regulations, notices, guidelines, circulars, and consultation papers.
• Conduct gap analyses to assess the impact of regulatory changes on the Bank’s operations, policies, procedures, systems, and controls.
• Identify areas of non-compliance or control weaknesses and recommend appropriate remediation actions.
• Track the implementation of regulatory changes and ensure that identified gaps are addressed within the required timelines.

3.Compliance Policies and Procedures

• Maintain, review, and update policies and procedures managed by the Compliance team.
• Review policies and procedures submitted by business units, support functions, and Head Office from a Singapore regulatory perspective.
• Ensure that internal policies remain aligned with MAS requirements, local laws, Head Office standards, and the Bank’s risk appetite.
• Recommend enhancements to strengthen compliance controls and governance processes.

4. Review of Marketing and Business Materials

• Review marketing materials, client communications, product materials, and promotional content from a regulatory compliance perspective.
• Ensure that marketing materials are clear, fair, accurate, and not misleading.
• Assess whether appropriate regulatory disclosures, disclaimers, and risk statements have been included.
• Work with business and marketing teams to address regulatory concerns before materials are issued.

5.Compliance Monitoring and Review

• Design and conduct risk-based compliance reviews to assess adherence to regulatory requirements and internal policies.
• Evaluate the effectiveness of compliance controls, processes, and operational practices.
• Document review findings and recommend corrective or preventive actions.
• Monitor the progress of remediation actions and escalate significant issues to the Compliance Team Head or management.

6.Representative Notification Framework Advisory

• Review and provide advisory support on matters relating to the Representative Notification Framework, or RNF.
• Assess the regulatory status, appointment, cessation, and notification requirements of representatives.
• Support the submission and maintenance of accurate RNF information with MAS.
• Advise Human Resources, business units, and management on RNF-related requirements and regulatory obligations.

7.Compliance Reporting

• Prepare periodic compliance reports for Head Office, local management, and relevant governance committees.
• Report key regulatory developments, compliance risks, monitoring results, breaches, incidents, and remediation progress.
• Ensure that reports are accurate, complete, and submitted within the required timelines.
• Support management reporting and regulatory governance discussions where required.

8.Regulatory Updates and Communication

• Monitor regulatory developments issued by MAS and other relevant authorities.
• Analyse and disseminate regulatory updates to management, relevant business units, support teams, and Head Office.
• Highlight the potential impact of regulatory changes and recommend appropriate follow-up actions.
• Maintain records of regulatory updates and related implementation activities.

9.Regulatory and Business Projects

• Participate in or support regulatory, operational, product, system, and business projects involving the Compliance team.
• Provide compliance input during the design, implementation, and review of new products, services, systems, and business initiatives.
• Assist with regulatory inspections, audits, internal reviews, and information requests where required.
• Work with internal stakeholders to ensure that compliance requirements are incorporated into project plans and deliverables.

10. General Compliance Support

• Support the Compliance Team Head in managing the Bank’s overall compliance programme.
• Assist with compliance training, awareness activities, regulatory submissions, and internal investigations where required.
• Perform additional duties, special projects, and ad hoc tasks assigned by the Compliance Team Head.

Job Requirements

Experience

• Minimum five years of relevant regulatory compliance experience within a banking or financial institution.
• Strong experience providing regulatory advisory and interpreting MAS regulations.
• Practical experience in regulatory change management, gap analysis, policy review, compliance monitoring, and compliance reporting.
• Experience within Private Banking, Wealth Management, Securities, Investment Products, or Financial Advisory activities would be an advantage.

Regulatory Knowledge

The candidate should have strong working knowledge of the following Singapore regulations:

• Securities and Futures Act
• Financial Advisers Act
• Banking Act
• Relevant MAS notices, guidelines, circulars, and regulatory requirements
• Representative Notification Framework requirements
• Regulations governing marketing materials, financial products, client communications, and representative conduct

Technical Competencies

• Ability to interpret regulatory requirements and translate them into practical business controls.
• Strong understanding of banking business standards, compliance policies, governance frameworks, and operational procedures.
• Experience reviewing policies, procedures, marketing materials, business proposals, and regulatory submissions.
• Ability to design and conduct risk-based compliance reviews.
• Strong report-writing, documentation, analytical, and issue-management skills.
• Proficiency in Microsoft Office applications, particularly Word, Excel, and PowerPoint.

Behavioral Competencies

• Strong analytical and critical-thinking skills.
• Sound judgement and the ability to provide balanced and commercially practical regulatory advice.
• Detail-oriented, organised, and able to manage multiple regulatory deadlines.
• Confident communicator with the ability to engage management, business teams, support functions, and Head Office.
• Able to work independently while collaborating effectively with internal stakeholders.
• Proactive in identifying compliance risks, regulatory gaps, and control weaknesses.
• High level of integrity, professionalism, confidentiality, and accountability.

Key Focus of the Role

The position primarily focuses on:

• MAS regulatory advisory and regulatory interpretation
• Regulatory change management and gap analysis
• Compliance policy and procedure governance
• Review of marketing and client-facing materials
• Compliance monitoring and risk-based reviews
• RNF advisory and administration
• Periodic compliance reporting to Head Office
• Monitoring and communication of regulatory developments
• Compliance support for new products, systems, and business projects
• Coordination with management, business units, support functions, and Head Office

Preferred Candidate Profile

The ideal candidate is an experienced banking compliance professional with at least five years of hands-on regulatory compliance experience. The individual should be comfortable interpreting MAS requirements, reviewing internal policies and marketing materials, conducting compliance reviews, and advising stakeholders on regulatory matters.

Candidates with exposure to Private Banking, Wealth Management, investment products, securities activities, or financial advisory regulations would be particularly relevant due to the role’s coverage of the Securities and Futures Act, Financial Advisers Act, and Representative Notification Framework.

Interested candidates are encouraged to submit their resumes along with a cover letter out lining their relevant experience and achievements to [email protected] click apply now!

**We regret to inform that only shortlisted candidates would be notified**

Talentvis Singapore Pte Ltd | EA License No: 04C3537

EA Personnel Name: Reggie Tiongson | EA Personnel No: R1324767