Compliance Specialist, Banking (AVP)

at  Sloane Shorey Consulting

We are seeking a dedicated individual to provide comprehensive compliance support and guidance, ensuring adherence to the Bank’s regulatory framework and requirements, encompassing new business initiatives, product launches, outsourcing agreements, and third-party arrangements.

Responsibilities:

• Offer ongoing compliance support and advice for day-to-day operations, ensuring alignment with the Bank’s compliance framework.
• Proactively monitor and evaluate new and emerging regulations issued by regulatory authorities such as MAS, PDPC, and others.
• Assess and address regulatory breaches as they arise, maintaining regulatory compliance at all times.
• Validate customer complaints related to investment and insurance sales and advisory processes.
• Develop and uphold compliance frameworks and policies to ensure regulatory adherence.
• Evaluate the adequacy and effectiveness of internal controls, procedures, and guidelines to manage Compliance risks appropriately.
• Conduct regulatory compliance training sessions for Bank staff, covering relevant policies, procedures, and thematic trainings on new MAS and/or BNM regulations.
• Drive or participate in projects aimed at implementing internal policies or regulatory requirements.
• Support in preparing reports for governance meetings and liaise with regulatory authorities on inquiries, reporting, inspections, or investigations.
• Coordinate internal and external audits within the compliance department, including commenting on and closing audit findings and/or recommendations.

Requirements:

• 5 years of Regulatory Compliance experience within a bank
• Knowledge of Banking Act, FAA, SFA, PDPA

Sloane | Shorey
Sloane Shorey Consulting is a specialist recruitment firm focusing on compliance, controls and risk management positions across Asia. We are a Ministry of Manpower Licensed Employment Agency (EA License 20S0307)

• Offer ongoing compliance support and advice for day-to-day operations, ensuring alignment with the Bank’s compliance framework.
• Proactively monitor and evaluate new and emerging regulations issued by regulatory authorities such as MAS, PDPC, and others.
• Assess and address regulatory breaches as they arise, maintaining regulatory compliance at all times.
• Validate customer complaints related to investment and insurance sales and advisory processes.
• Develop and uphold compliance frameworks and policies to ensure regulatory adherence.
• Evaluate the adequacy and effectiveness of internal controls, procedures, and guidelines to manage Compliance risks appropriately.
• Conduct regulatory compliance training sessions for Bank staff, covering relevant policies, procedures, and thematic trainings on new MAS and/or BNM regulations.
• Drive or participate in projects aimed at implementing internal policies or regulatory requirements.
• Support in preparing reports for governance meetings and liaise with regulatory authorities on inquiries, reporting, inspections, or investigations.
• Coordinate internal and external audits within the compliance department, including commenting on and closing audit findings and/or recommendations