Head of Compliance

VP Bank Ltd was founded in 1956 and, with over 1'000 employees, ranks amongst the largest banks in Liechtenstein. VP Bank is present with offices in Vaduz, Zurich, Luxembourg, Singapore, Hong Kong and Road Town (British Virgin Islands). Its core competencies include the development of tailor-made financial solutions for intermediaries and private individuals as well as access to private market investments via a curated ecosystem. In addition, the Group has an international fund competence centre. VP Bank is listed on the SIX Swiss Exchange and has received an “A” rating from Standard & Poor’s.

Your Responsibilities
- Establish, implement and manage a compliance program and risk mitigating strategies to ensure compliance with Group directives, policies and applicable laws and regulations. Take ownership of the compliance monitoring processes and enhance its efficiency to ensure effectiveness, relevancy, appropriate governance and control.
- Take a leading role in strategic and policy issues regarding compliance and procedures that meet Group directives and regulatory standards. Promote and manage compliance risk culture and local practice of regulatory compliance and ethical standards
- Build and oversee the Second Line of Defense compliance program to detect and assess compliance, regulatory or reputational risks and escalate to key stakeholders for resolution.
- Monitor and assess compliance with laws, regulations and Group directives. Perform gap analysis on new/change in regulations and update relevant procedures, identifying any areas for improvements and updating as relevant.
- Implementation of compliance controls, escalation protocols and risk management activities, in accordance with Group directives, policies and applicable local regulatory requirements.
- Internal compliance advisory to senior management and key stakeholders in providing solutions to potential issues involving compliance or regulatory risk. Build relationships and credibility with stakeholders.
- Main contact liaison with MAS and other regulatory bodies.
- Overall accountability and responsibility for AML Compliance matters for the Bank in Singapore, including being the Money Laundering Reporting Officer ("MLRO")
- Manage periodic and ad hoc regulatory reporting.
- Manage the KYC review of new and existing clients, and transaction monitoring including investigation of suspicious transactions and filing of suspicious transaction reports with the relevant authorities where required. Analysis of KPI/KRIs to ensure that AML compliance is aligned with regulatory standards.
- Conduct awareness briefing and staff trainings on regulatory requirements, internal policies and procedures
- Ensure that staff performing regulated activities obtain the necessary licenses.
- Monitoring of staff dealing activities and approval of gift
- Handling of complaints and staff disciplinary issues
- Oversee compliance inspections, audits, reviews and investigations
- Permanent member of compliance risk committee ie AMC.

**Team Management/Leadership**
- Provide supervisory and guidance to the team of Compliance officers covering Regulatory Compliance, AML/KYC and Transformation / Projects
- Ensure that the team are well equipped with the required knowledge and updated on the latest regulatory requirements
- Initiates, leads and executes global or regional compliance projects related to Compliance function

Your Profile
- Strong experience as a senior compliance manager across all areas of Compliance within banking and finance industry, preferably private banking
- Strong knowledge of private banking and intermediaries business
- Significant leadership experience to manage local compliance team
- Experienced strategic thinker with a change mindset
- Excellent communication and inter-personal skills
- Strong understanding of Singapore regulatory requirement

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