Compliance, Conflicts of Interest & Conduct Compliance (6 months contract, MBFC)

  • Up to 7K per month
  • Singapore Singapore Singapore SG
  • Contract, Full time
  • Allegis Global Solutions
  • 10 Apr 18 2018-04-10

Operating within the global Business and Advisory Compliance team, based in Singapore, assist the Head of Conflicts & Conduct Monitoring to ensure the bank’s regulatory agenda, policies, procedures, and training are aligned to a high global standard with regard to all aspects of Conflicts of Interest (COI) risk management.

Key Roles and Responsibilities

 

The role will sit within the Business and Advisory Conflicts of Interest & Conduct Monitoring Compliance team and will report to the  Compliance, Conflicts of Interest Lead and will require the successful candidate to undertake the following key roles and responsibilities:

  • Co-ordinate COI activities including COI periodic reviews, alignment to Operational Risk Framework, and assurance testing of controls;
  • Facilitate the implementation and review of governing arrangements – for primary governing bodies in relation to the identification, recording and management of COIs;
  • Support the maintenance of the MiFID Client Disclosure Statement;
  • Co-ordinate and support the implementation of the COI tactical and strategic solutions;
  • Central maintenance of a register / inventory of compliance and regulatory risks arising from COIs;
  • Central analysis and extraction of data in a register / inventory of compliance and regulatory risks arising from COIs for various reporting purposes;
  • Central coordination and maintenance of policy and procedural materials in relation to COIs, through to their embedding in BAU business and functions;
  • Central coordination of the preparation and delivery of training and educational materials in relation to COI risk management;

Support assurance testing of controls and  audit related activities

Governance

  • Within the Group's overall Risk Management Framework, support the Head, Compliance, Conflicts of Interest & Conduct Monitoring, to establish and maintain appropriate risk-based Compliance frameworks in relation to the projects for identifying, assessing, managing, monitoring, mitigating, and reporting compliance (including regulatory and financial crime) risks across the Bank’s businesses and functions.
  • Support the Head, Compliance, Conflicts of Interest & Conduct Monitoring, to develop and recommend (for approval by the relevant Risk Committee), appropriate Compliance policies and procedures.
  • Attend relevant committees and fora for projects as Compliance’s representative or delegate of Head, Compliance, Conflicts of Interest & Conduct Monitoring. Responsibilities may include preparation of Compliance submissions, regulatory updates, reports, papers, tracking, and follow-up of action items.  

 

Qualifications & Skills

  • Must have at least 5 years of  banking compliance experience
  • Good knowledge of both local and global rules and regulations, emerging themes, and areas of increasing regulatory focus and attention, including but not limited to the regulatory conflicts and conduct agenda.
  • Strong appreciation of the importance of proper standards of COI and conduct within the banking business, and an understanding of how to identify and frame COI and conduct risk related issues across the businesses and functions.
  • Ability to develop and enhance relationships across multiple stakeholders in various business, functional and geographic groups etc.
  • Ability to consider matters from an end-to-end perspective, including looking at COI and conduct-related matters from the initial policy statements, more detailed procedural aspects, training requirements, assurance testing, and monitoring.
  • Proven executor of initiatives including leading on improving standards, culture, and behaviour.
  • Ability to work independently within the team, be self-motivated and self-reliant with a genuine desire to get things done to a satisfactory standard and to do the right thing, as well as the ability to provide practical and effective advice. Being able to accept challenge and change, listen to the other points of view, and adapt approach accordingly.
  • Diplomacy, sensitivity, and the ability to properly and professionally stand your ground when needed and persuade others of the merits of a particular approach.
  • Excellent written skills, evidenced through the execution of a range of document types, e.g., policies, procedures, committee papers, etc.