Head of Private Banking Governance Sg

Strategy and Planning
- Design and implement appropriate PB SG risk management framework, includding policies and procedures as well as assuance processes, which are aligned to wider Group’s risk management framework or standards and practices.
- Develop and maintain the Private Banking Singapore policies and procedures in order to facilitate responsible business development in line with regulatory requirements.
- Establish effective KYC and investment suitability standards.
- Set Governance’s priorities and key focus areas as part of the annual work plan and ensure key initiatives are rolled out. Report any results or deviations to the plan to relevant Senior Management and/or committees.
- Contribute to the effective functioning of the Regional Private Banking Special Client Committee in order to effectively manage AML/CFT risks.

Business Performance and Management
- Report to Group Private Banking Management Committee, Regional Private Banking Special Client Committee, Singapore Operation Risk Resiliency Committee (SORRC), Singapore Risk and Compliance Committee (SRCC) on any Governance related matters.
- Perform Designated Compliance Operational Risk Officer (DCORO) role for PB SG to assist the Risk Control Officer in ensuring that duties and responsibilities under Group Compliance policy and procedures and Group Operational Risk Management are undertaken diligently and efficiently.
- Work closely with Legal, Compliance, Risk Management and other relevant stakeholders to ensure that business complies with relevant legal, compliance and risk management requirements.
- Perform quality control of PB clientele account openings and ensure adherence to KYC/CDD standards. Monitor service levels through review of call reports.
- Perform periodic risk based reviews to ensure that the business adhere to policies and procedures and regulatory requirements. Share best practices and common issues with PB SG staff.
- Update and train PB SG staff on changes to the policies and procedures as well as the wider Group Risk Framework or other pertinent alterations which affect risk management within PB SG.
- Be central point of contact for any audit matters, including coordination amongst PB SG stake holders, procuring information or data, reviewing audit observations and implement remedial actions on any audit findings.

Regulatory Compliance
- Be the central point of contact to provide advice on any compliance or regulatory matters the business may face.
- Manage any information/reports submitted to the regulator.
- Perform regular control testing and submit monthly compliance reports.
- Support appropriate avenues for any suspicious client activity or specific transactions to be swiftly escalated to appropriate parties for investigation and resolution, including filing suspicious transactions reports where required.
- Address any enquiries raised by MAS and Compliance with urgency.
- Set up a framework to regularly monitor the suitability of client’s investment portfolios and is aligned to the client’s investment risk profile.
- Co-ordinate internal/external audits and regulatory inspections.

People Management
- Manage the Governance team and ensure it is well resourced and equipped to execute its responsibilities.
- Make sure staff attend relevant training to keep abreast of industry developments and changes to the regulatory landscape, plus, any developmemt to internal compliance, risk management, assurance policies and procedures.
- Liaise with and engage various internal stakeholders (Compliance, Legal, Risk Management) as and when appropriate.