Manager, Compliance, Singapore

Requisition ID: 192602

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

**Purpose**

Contributes to the overall success of the Compliance Department in Singapore by ensuring specific individual goals, plans and initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

Incumbent will be an integral member of the Singapore Compliance function with primary responsibilities to assist with the provision of day-to-day compliance advisory to the Global Banking and Markets & Treasury (GBM&T) business, with a focus on the capital markets products and activities within the trading room.

Other responsibilities will include involvement in projects (OTC derivatives developments, new business initiatives, global and local regulatory developments), compliance initiatives and assignments as part of the local or wider Compliance practice for the region.

**Accountabilities**
- Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
- Maintain up-to-date knowledge and understanding of regulatory requirements, expectations as well as industry practices for the capital markets and the other GBM&T business.
- Provide timely compliance advisory support to stakeholders in relation to their applicable regulatory requirements and internal policies/procedures. This will include advising on relevant licensing requirements, new product approvals, new business initiatives, cross border marketing considerations and other compliance matters.
- Participate in bank-wide projects including OTC derivatives-related reforms, benchmark rate reforms.
- Work closely with business and infrastructure partners, local committees, Regional and Head Office Compliance teams to risk-manage key projects and initiatives from a compliance perspective.
- Develop and update compliance policies, procedures, manuals and programs on an on-going basis to reflect changes in business practices, regulatory changes and industry requirements.
- Maintain the legislative compliance matrices for the list of applicable legislations and guidelines and conduct of their assessments or review on a periodic basis.
- Coordinate/conduct Compliance training to update and refresh stakeholders of the applicable requirements and expectations.
- Foster internal and external relationships and attend to routine enquiries/requests from the regulators, auditors, Regional and Head Office as required.
- Assist in discharging the broader Compliance responsibilities as integral member of the local team.
- Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
- Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.
- Champions a high performance environment and contributes to an inclusive work environment

**Reporting Relationships**
Primary Manager: Head of Compliance, Singapore and Head of Product Compliance, APAC

**Dimensions**
- High standards of performance, confidentiality, integrity, timeliness and efficiency.
- Assist Head of Compliance Singapore in matters pertaining to GBM&T compliance advisory for the identified scope. This includes:

- Ensuring all units align with the requirements of Scotiabank and local regulations/expectations in the manner in which they conduct business and operate.
- Facilitate in the management of regulatory relationships, external auditors as well as engagement with internal stakeholders like senior management, internal auditors etc.
- Coordinating, liaising or working in consultation with local management as well as Regional/Head Office Compliance on matters or control decisions that may present potential regulatory risk to the franchise in Singapore.
- To deliver on assigned deliverables as part of the broader mandate of the local Compliance function, where being called upon

**Education / Experience / Other Information (include only those that are specific to the role)**
- Relevant compliance experience covering the capital markets, trading room activities and their related compliance processes. Working knowledge of trading room products is a pre-requisite and prior direct experience working in trading room will be highly considered.
- Good working knowledge of local banking and securities regulations, industry practices as well as capital markets products. Familiarity with