Chief Compliance Officer, SEA

Our Client

Our client is a leading bank, and one of the world’s largest financial institutions in the region, they offers a wide range of financial services for corporate, institutional and private investors spanning corporate and institutional banking, wealth management, asset management and insurance. Right now, our client is looking for a Chief Compliance Officer, SEA for their office in Singapore. In this role, the Chief Compliance Officer provides reasonable assurance with respect of applicable laws and regulations within the SEA region. Furthermore, the Chief Compliance Officer is responsible for developing and maintaining an adequate Compliance framework and governance structure.

Job Description

• Defines how Compliance rules will be adapted / implemented in coordination with the Compliance Domains and the Business Lines
• Coordinates diffusion of policies and adaptation into operational procedures
• Supervises consistency of implementation
• Controls the effective implementation of Compliance rules
• Controls the effective implementation of Compliance tools & systems (with the support of the Compliance COO office and IT)
• Makes Compliance decisions on issues reported by local teams in his/her scope of responsibility, involving the Compliance Domains when relevant
• Exercises decision rights for intermediate level cases
• Provides support and guidance to territory teams
• Ensures the interface between the business (preferred point of contact of the Head of Territory/CEO) and the regulatory authorities on his/her Territories, in coordination with the Compliance Domains & Business Compliance heads:
• Establishes close partnership with the business
• Provides strong guidance and advisory for their business development: advisory on Territories level, formal agreement for intermediate level cases on the Territories
• Aggregates and reports risk on territory-specific issues and mitigation plan to the CCO in regular one to one calls/meetings, and to the Territory Management Meeting (monthly basis).
• Establishes an appropriate governance to manage risk of non-compliance: leveraging Business Lines COs expertise, Leveraging Domains COs expertise
• Leads, manages and supports Compliance teams in the Territories:
• Helps to organize and facilitate the Territory Compliance Committee (per head of Territory Charter) at least twice a year, which is chaired by Head of Territory
• Identifies required improvements of organization, tools and processes
• Consolidates Compliance budget at a Territory level, including sponsorship of related tools in full accountability per delegation rights to the CCO
• Aligns budget with Operational Perimeters (as applicable) whose entities are managed by the Territories
• Manages, and is responsible for, development of skills and expertise of local COs by providing necessary education and guidance.
• Responsible for driving the change required within the Compliance Function and in the interaction with the business.

Requirements

• Bachelor’s degree in Business Management or related field
• Minimum 15 years of Compliance related experience in financial services industry (preferably banking sector)
• Strong knowledge of applicable Local regulatory framework and market practices, especially Singapore’s applicable jurisdictional regulations, and its evolutions
• General knowledge of applicable Global regulatory frameworks, market practices, and its evolutions
• Knowledge of Compliance issues and challenges specific to his/her Territories
• Knowledge of relevant rules and regulations
• Legal culture and literacy
• Strong sense of ethics
• Proven management skills and knowledge/experience of governance