Head of Governance, Reporting

To support the Chief Compliance Officer on the following:

Transformation and Strategic Initiatives

• Transformation - Drive process improvements, automation and digital automation initiatives within Compliance and Legal

• Strategy - Support the Chief Compliance Officer in strategic planning, including target operating model design and capability building

• Collaboration - Collaborate with internal stakeholders to align transformation efforts for bank-wide initiatives

Governance and Reporting

• Framework, Policies and Procedures - Maintain and oversee frameworks, policies and procedures, and drive periodic reviews to ensure the bank stays abreast of its regulatory and legal obligations

• Registers - Maintain a register of applicable regulatory requirements ("ROR") and obligations to identify stakeholders responsible for establishing necessary controls and processes to meet its obligations and the bank-wide Register of Policies ("ROP")

• Reporting and Metrics - Coordinate relevant management reporting of compliance/legal information and data, including producing regular reports for Board and Management Committees

• Training - Identify training needs and coordinate internally to design and formulate e-learning modules or conduct face-to-face training for staff on compliance/legal issues, regulatory requirements and internal policies and rules

• Budget & Planning - Develop, manage and track annual budgets for Compliance and Legal

• Repository - Maintain a repository to safekeep all Compliance and Legal-related documents and maintain central archives of regulatory submissions and correspondences

• Systems - Facilitate effective administration of systems under the ownership of Legal and Compliance

• Regulatory Engagement Support - Provide logistical and documentation support for regulatory inspections and audits

• Risk and Control Oversight - Support internal audits for Compliance and Legal and track action items and remediation plans resulting from audits, inspections or management reviews

• Services - Assist the Chief Compliance Officer in the review of governance-related requests (e.g. F&P, RPT, GEM) requiring approval

• Business Continuity and Crisis Preparedness - Develop and maintain the Business Impact Assessment (BIA) and Business Continuity Plan (BCP) for Compliance and Legal to ensure readiness for remote operations, crisis response and resilience measures  

• Operations & Administration - Oversee day-to-day administrative operations and coordinate logistics for Compliance and Legal

Compliance Assurance

• Compliance Assurance Framework - Administer Bank's Compliance Testing Policy and Procedures through the development of Compliance Risk Assessment and and Annual Compliance Testing Plan

• Compliance Testing - Execute compliance testing to identify gaps in controls and potential non-compliance with relevant compliance laws, regulations and internal policies and ensure that reasonable steps are taken for appropriate mitigation and/or remediation of findings

• Compliance Monitoring - Ensure that the mitigation and/or remediation measures identified through compliance testing are implemented on a timely basis

• Internal Readiness Exercises - Facilitate conduct of reviews in preparation for regulatory inspections (in collaboration with Regulatory Compliance and relevant stakeholders)

• Collaboration - Work with Internal Audit Department to avoid duplicates testing and to optimize team resources

Job Requirements:

• A relevant university degree with at least 15 years of relevant working experience in providing regulatory compliance services in the financial sector

• In-depth understanding of regulatory frameworks, risk and control processes and compliance assurance methodologies 

• Demonstrated high degree of integrity, sound judgement and professional maturity. 

• Relevant financial sector experience with a deep understanding of the Banking Act, Financial Advisers Act, Securities and Futures Act, and other industry compliance practices.

• Regulatory experience in advising, and exposure to, a wide range of banking businesses and issues, at both Singapore and the regional levels, would be advantageous.

• Ability to interact and communicate well in writing and verbally with broad ranges of audiences including senior management and stakeholders from various business functions.

• Strong sense of purpose, stewardship, driven and highly motivated individual who can work well in a startup VUCA (Volatile, Uncertain, Complex, Ambiguous) environment. Agile and adaptable mindset, with ability to thrive in a fast growing, evolving environment. 

• Able to collaborate with various senior stakeholders from other functional teams and has good influencing skills.  

• Possess a strong analytical ability, good problem-solving skills and be meticulous.

• Proven experience in engaging and maintaining good relationships with regulators.

• Preferably knowledge or skills in using technology like data analytic tools to analyse or monitor potential compliance risks.