Compliance Manager

Company Profile Cathay Petroleum International was established in 2003 as an independent physical trading business. For almost 20 years, we have been sourcing crude oil from all over the world and delivering cargoes to satisfied consumers and customers whenever and wherever they need them. Today, we are a global energy and commodities group that trades millions of barrels of oil a week. Every day, our experienced team works together to add value to the international commodities market. Our strong capital position and robust network of relationships has enabled us to grow from strength to strength and retain a record of profitability.Our head office is situated in Singapore, the centre of the world's busiest energy routes, allowing us to easily manage the flow of energy from West to East. In 2021, Cathay was proud to expand our growing organisation by opening a new trading office in London, allowing our traders to work more efficiently covering all trading hours.Position Overview The Compliance Manager is responsible for developing, implementing, and overseeing the company's compliance framework to ensure adherence to legal, regulatory, and ethical standards in global oil trading activities. This role provides strategic direction on compliance risks, manages relationships with regulators, and ensures that business operations align with applicable laws, including anti-bribery, sanctions, market conduct, and environmental regulations. The function is reporting to the Chief Financial Officer.POSITION: \tCOMPLIANCE MANAGER LOCATION: \tSINGAPORE KEY RESPONSIBILITIES Regulatory & Legal Compliance • \tEnsure compliance with all international and local regulations governing oil and commodity trading (e.g., OFAC, EU, UK, Singapore MAS, US CFTC, MAR/MiFID II)• \tMonitor and interpret regulatory developments in key jurisdictions• \tOversee compliance with sanctions, embargoes, and anti-money laundering (AML) rules, ensuring proper due diligence of counterparties• \tAdvising on regular legal aspects such as ISDA agreements, NDAs, etc, upon requirement and in consultation with external legal when necessaryRisk Management & Governance • \tDesign and implement a compliance risk management framework tailored to oil trading, including market abuse prevention, trade surveillance, and conduct risk controls• \tLead compliance risk assessments for trading activities, logistics, financing, and new business ventures• \tAdvise the Management Team on compliance risks and strategies to mitigate themPolicies & Procedures • \tDevelop, maintain, and enforce policies, standards, and procedures covering trading, market conduct, anti-bribery (FCPA/UKBA), sanctions, and competition law• \tEstablish and oversee trade surveillance systems to monitor trading activity for potential market manipulation or insider trading• \tEnsure effective Know Your Customer (KYC) and due diligence processes for all counterparties and service providers• \tEnsure high standards in KYC with Banks, Insurers and other financial partnersTraining & Culture • \tPromote a strong culture of integrity and compliance across all levels of the organization• \tDeliver training on compliance obligations, market conduct, and ethical trading practices to traders, operations, and support staff• \tAct as a trusted advisor to business leaders on ethical and compliant decision-making• \tSupervise, coach and train direct reportsInvestigations & Reporting • \tLead internal investigations into potential compliance breaches, misconduct, or regulatory issues• \tReport to regulators, exchanges, and auditors as required, ensuring transparency and timely communication• \tMaintain a whistleblowing mechanism and ensure protections for employees who report concernsKEY QUALIFICATIONS • \tMinimum 8 years of experience in Commodities Compliance, preferably in the energy sector• \tStrong knowledge of global trading regulations (US, UK/EU, Asia) and commodity market structures• \tExperience with sanctions, AML, anti-bribery, and competition law• \tExcellent communication, negotiation, and stakeholder management skills• \tStrategic thinker with the ability to balance commercial objectives and regulatory obligations• \tIntegrity and resilience in handling complex compliance issues under pressure• \tAnalytical mindset with expertise in risk assessment and problem-solving• \tLegal background preferred• \tInterest in Sustainability to drive the ESG Agenda of the GroupCOMPENSATION Salary will commensurate with qualifications & experience. Please submit your resume to: We regret to inform that only shortlisted candidates will be notified.