Compliance Manager, Regulatory Compliance (Avp)

Bank of Singapore opens doors to new opportunities.

Start your career with Bank of Singapore as a Compliance Manager!

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 Regulatory & Product Compliance team is part of BOS Regulatory Compliance that supports BOS group in managing regulatory, compliance and conduct risks, through effective stakeholder engagement, and robust regulatory change management. The team works closely with the business, risk and infrastructure units to advise them in analysing and resolving compliance issues, provides head office support to Compliance teams in overseas offices/branches/subsidiaries, handles regulatory inquiries and affairs, is a subject matter expert on regulatory requirements relating to private banking / wealth management business and products, and helps drive effective implementation of head office policies and procedures arising from regulatory changes.

This position within the Regulatory & Product Compliance team is mainly responsible for ensuring product compliance and providing compliance advisory to various stakeholders in the bank. 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, but a team player at the same time.

Main Duties:

• Take a consultative approach in providing timely and quality advice to business, risk and infrastructure units on compliance, regulatory and policy matters.
• As a subject matter expert, interpret and analyse new or revised regulatory requirements, and provide advice and guidance to responsible parties for timely and effective implementation of policies, procedures and controls to comply with the requirements.
• Contribute as Regulatory Compliance representative in working group discussions, advising on compliance issues relating to regulatory requirements for the offering of investment products and services as well as suitability and sales processes.
• Review and comment on marketing materials, and other bank publications as well as counterparty contractual documentation.
• Formulate and update Regulatory Compliance head office policies and procedures to ensure that they are in-line with regulatory requirements and mitigate compliance risks; and assist in the roll-out and/or training of these policies and procedures group-wide.
• Coordinate with internal stakeholders to address and respond to regulatory inquiries on a timely basis.
• Timely escalation of adverse or significant compliance/regulatory issues to Regulatory Compliance management.
• Participate in bank-wide regulatory projects where required.

• Minimum 7 years of experience in compliance advisory function, preferably in private banking.
• Notable experience in regulatory compliance relating to investment products and wealth management services will be advantageous.
• Good understanding of the regulatory framework for private banking/wealth management business, including but not limited to Banking Act, Securities and Futures Act, Financial Advisers Act and Private Banking Code of Conduct, and other regulatory requirements facing private banks e.g., offering regime of investment products, licensing, client suitability, sales and advisory related issues
• Excellent interpersonal skills and the ability to work collaboratively in a team-oriented environment.
• Exceptional written and oral communication skills, with ability to communicate complex ideas effectively.
• Strong analytical and problem-solving skills; able to quickly identify the issues, exercise sound judgement and manage execution under pressure.
• Attentive to details and capable of multi-tasking in a fast-paced environment; able to meet tight timelines and work independently.
• Solutions-oriented and willingness to work on various compliance issues.
• Degree holder from a reputable university, preferably with outstanding academic record.
• Relevant professional/industry qualification such as ICA Diploma in Compliance would be an advantage.