Associate Director, WM Compliance, Singapore

Job Description

What is the opportunity?

Associate Director, Wealth Management Singapore Advisory Compliance

What will you do?

• Assist the Head of Wealth Management Compliance Asia and Singapore (Head of Compliance) in respect of compliance and regulatory issues to support Wealth Management Singapore (WM SG) business, ensuring that the WM SG business is equipped to meet all relevant regulatory requirements that impact it. This includes the WM SG business housed in RBC Singapore branch and RBC Trust Company (Singapore) Limited.
• Assist WM SG business management and SG Compliance staff in embedding compliance and compliance management into the WM SG business culture
• Work with Head of Compliance on the development and implementation of compliance policies and procedures including advising, drafting, reviewing and updating such policies and procedures for WM SG, and where required, aligning these across WM Asia; formulating Asia-wide policies/procedures as required
• Keep abreast of regulatory changes, developments and trends in banking, securities, financial advisory and trust business, to assess impact to the WM SG business, and any procedural changes required, and advise and update operating committees, senior management and all relevant employees on a timely basis (including Head of Compliance)
• Where required for WM SG, manage regulatory relationships, ensure that regulatory notifications are filed accurately and on a timely basis as required, oversee preparation and coordination of responses to regulatory inquiries, regulatory consultation papers, etc.
• Liaise with regulators on routine inquiries and routine matters, facilitate regulatory inspections, provide compliance support for external and internal audits, and ensure appropriate escalation and resolution of WM-related regulatory/compliance issues identified

What do you need to succeed?

Must-have

• University degree and appropriate designation as compliance professional, professional designation in other appropriate areas such as accountancy, law, risk management, internal audit, regulatory bodies
• At least of 10 years compliance-related experience obtained in financial industry preferably with a minimum of 7 years of experience in private banking/wealth management compliance
• Experience in dealing directly with regulators and auditors, strong understanding of SG/MAS rules and regulations, preferably private banking specific
• Strong technical expertise in local banking, securities & futures, and financial advisory services regulations; and understanding of compliance and risk principles applicable to a private banking/wealth management environment
• Strategic thinking and solution orientation with ability to accept accountability, assume pro-active leadership, demonstrate initiative, and lead by example in teamwork, across-unit co-operation, information sharing
• Strong attention to detail, as well as analytical and problem-solving skills Strong communication skills with business partners/key stakeholders and external parties such as auditors and regulators

Nice-to-have

• Compliance diploma or other equivalent qualification is an advantage

What is in it for you?

We thrive on the challenge to be our best - progressive thinking to keep growing and working together to deliver trusted advice to help our clients thrive and communities prosper.  We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Opportunities to work with the best in the field
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• A world-class training program in financial services

Agency Notice

RBC Group does not accept agency resumés.  Please do not forward resumés to our employees, nor any other company location.  RBC Group only pay fees to agencies where they have entered into a prior agreement to do so and in any event do not pay fees related to unsolicited resumés. Please contact the Recruitment function for additional details.

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Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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