Main Tasks and Duties
- Conducts the implementation of the branch compliance plan
- Respond to regulatory authorities’ routine queries and coordinates completion of survey and other request for information
- Develop and perform periodic compliance reviews
- Investigates compliance breaches and customer complaints.
- Draft the annual compliance plan for HOD and management approval.
- Conducts compliance training and provides advisory on Banking Act, SFA and FAA and other compliance matters
- Implement and update compliance policies and procedures based on Head Office, and local regulatory requirements.
- Prepares/reviews periodic reporting to local regulatory authorities, Head office and Management.
- Tracks/monitor changes and updates on local regulations, conducts briefing and discussions on implementation with relevant departments and post-implementation review.
- Conducts annual regulatory risk assessment
- Any other tasks or duties assigned by Head of Department or Company from time to time
Job Requirements
- Recognized bachelor degree or above, preferably in Business or related discipline
- At least 5 years of relevant experience in a regulatory compliance role.
- Experience in SFA/FAA advisory
- Performed compliance review/compliance testing such as Balanced Scorecard Review, Private Banking Sales Advisory Review, Continuing Professional Development review, Fit and Proper Review etc. or Due Diligence for New Product onboarding/Product variation of existing products
- Working Knowledge of Banking Act would be an advantageous
- Proficiency in English & Mandarin to liaise with English & Mandarin speaking internal/external stakeholders
- Strong knowledge in local rules and regulations
- Good interpersonal skills to handle stakeholders across multiple departments
Salary Range: $5,500 - $6,000 Per Month
