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Job Title: Compliance Officer / Protection of Interests of Clients

Company: Large Investment Bank

Corporate Title: Flexible Salary Range: Generous Package
Location: Singapore Date Open: Nov 2018

Responsibilities / Duties:

  • Assist the Head of PIC Domain APAC to ensure a consistent and coherent roll out of Group PIC policies and processes across the entities/territories under his mandate
  • Assist the Head of PIC Domain APAC to recommend adjustments to our business organizations (including IT and HR resources,), processes (product governance  and features, distribution channels, salesforce remuneration schemes) inducements, suitability, client information, complaints handling, filing and traceability) and practices when new norms (laws and regulations, regulators guidelines or jurisprudence) are put in place as well as each time PICROs identify any gap between prevailing practices and the regulation (including soft law and jurisprudence)
  • Assist the Head of PIC Domain APAC to provide OP/Region CCO/COO and head of PIC Domain APAC with a proactive vision of PIC related risks as well as comprehensive assessment of our Compliance set up to mitigate these risks
  • Coordinate the network for the PIC Correspondents' community for the entities/territories under his mandate
  • Assist the Head of PIC Domain APAC to identify key PIC related risk areas across their  respective Operational Perimeters on the basis of  (i) Business Units profile (activities, products types, client profile, distribution channels, …) (ii) applicable regulatory frameworks (local regulations , jurisprudence) and  relevant Group policies
  • Assist the Head of PIC Domain APAC to promote PIC culture and good practices and prevent Conduct Risk across their respective Operational Perimeters (NB:  when appropriate the Head of PIC Domain has a hierarchical or functional relationship with the PICROs within the Operational perimet
  • Assist the Head of PIC Domain APAC to ensure that an adequate legal and market watch process is in place  locally to identify  new  requirements (based on regulation or jurisprudence)  as well as  best market practices (based on peer group reviews)
  • Assist the Head of PIC Domain APAC to advise Senior Management on PIC issues in relation with new lines of business, new product lines, new distribution channels, sales and revenues budget
  • Assist the Head of PIC Domain APAC to ensure compliance by Senior Management to PIC regulations (tone at the top, remuneration of staff, inducements, sales objectives, PIC dash board...)
  • Assist the Head of PIC Domain APAC to monitor compliance to PIC regulations in Operational Entities through the reporting and escalation processes
  • Assist the Head of PIC Domain APAC to promote consistency of practices within Operational Perimeter and recommend best practices all along the product/client relationship life cycle
  • Provide for the entities/territories under his mandate appropriate trainings for APAC and ensure that PIC issues are properly covered in Product and/or Behavior training
  • Assist the Head of PIC Domain APAC to recommend adjustments in terms of organization, conduct and practices whenever appropriate to (i) reduce Conduct Risk  (ii) comply with new regulations /jurisprudence  (iii)  react to consumers, competitors or media initiatives
  • Head of Compliance APAC
  • Compliance COO APAC
  • PICROs & PIC Correspondents within his/her OP/region
  • Head of his/her Operational Perimeter/region
  • CCO and/or COO of OP/region Compliance
  • Heads of Territories / Business Lines within his/her OP/region
  • Other Domain Leaders within his/her OP/region  (i.e. KYC  / Market Integrity / Professional Ethics/FS)
  • Domain Leaders of PIC in other Ops/region
  • Head of PIC domain
  • PIC Domain Specialists (e.g. Norms & Practices, Advisory & Training, Control & Reporting..)

Requirements / Qualifications:

  • Demonstrate strong interpersonal skills, with the ability to communicate and consult clearly at all levels, especially with senior management;
  • Business experience (e.g. structuring, marketing and/or sale of structured products, management of a profit center or business  development)
  • Good technical grasp of most sophisticated products manufactured/sold by the OP/Region
  • High transversal knowledge across the various APAC business lines (notably Global Markets and Institutional Banking, Wealth Management, Corporate Banking and Transaction Banking and BP2S activities).
  • Demonstrate personal skills in overseeing team’s correspondents on a cross-border basis.
  • Fluent in English and Local presence in Singapore
  • Legal culture and literacy
  • Soft skills
  • Integrity
  • Accuracy
  • Directing in a positive way
  • Self-confidence
  • Ability to learn (curiosity)
  • Imagination to find new solutions to complex issues
  • Client focus
  • Reliable
  • Impact
  • Acting with perspective
  • Developing others