Compliance Manager Compliance Manager …

Schroders Investment Management
in Singapore
Permanent, Full time
Last application, 15 Sep 21
Schroders Investment Management
in Singapore
Permanent, Full time
Last application, 15 Sep 21
Posted by:
Bien Law • Experienced Recruiter
Schroders Investment Management
Posted by:
Bien Law
Experienced Recruiter
Compliance Manager
Team Overview

A dynamic Compliance Team comprising of 8 team members.

Overview of role

Good compliance is good business, especially in an organisation which sets great store by its long term view and its reputation in the modern world of heightened regulatory and political pressure. This is a Singapore-based compliance role which is responsible for managing relationship with its financial regulators, advising colleagues on often complex regulatory requirements, monitoring compliance and helping Schroders' asset management entities in Singapore including Schroder Investment Management Singapore Ltd ("SIMSL") and Schroder Investment Management North America, SG Branch ("SIMNA SG Branch") to manage its regulatory and reputational risks.

1. Keeping Abreast of Regulatory Changes, Provision of Compliance Advisory and Support to Business
  • To ensure prompt and effective communication of regulatory requirements, licensing matters, upcoming regulatory changes including changes to regulatory investment restrictions, group and local compliance policies to SIMSL/ SIMNA SG Branch's Management, Business Heads and Staff.
  • To lead/ support the evaluation of the potential commercial and/or operational impact resulting from specific regulatory changes or legislations which affects business compliance arrangements, procedures, processes and awareness.
  • To lead/ support the implementation of regulatory changes.
  • Keep abreast of regulatory developments in Singapore, including gathering and providing feedback on public consultation papers to the Monetary Authority of Singapore.
  • Communications with regulators and assist in responding to the day-to-day requests from external and internal auditors on regulatory/ compliance matters.
  • Maintain local compliance manuals which are in line with Group policies as well as international best practices and relevant regulatory requirements.
  • Providing compliance advisory on regulatory related matters. • Review client agreements from compliance's perspectives.
  • Conduct in-house training for staff e.g. anti-money laundering, staff personal dealing, licensing, regulatory requirements etc.

2. Trade Surveillance and Monitoring
  • Perform trade surveillance tasks and activities based on Compliance Monitoring Program
  • To identify any irregularities or discrepancies as part of the trade surveillance process, including detecting potentially abusive trading activities, investigating potential cases and escalation
  • To develop an understanding of the systems in use, expert knowledge of regulations by the MAS, regulatory changes and company's policies related to trade surveillance

3. Anti-Money Laundering
  • To assist the MLRO as second line of defence against money laundering activities within SIMSL/ SIMNA SG Branch
  • Advise the business and senior management on their responsibility to establish and maintain effective anti-money laundering systems and controls.

4. Working with the Business
  • Work together with relevant functions on new business initiatives and projects, highlighting and addressing specific compliance and regulatory concerns.
  • Carry out review of all RFPs / RFIs / marketing materials and completing requests/questionnaires from clients, regulators etc.
  • Participate in client due diligence where necessary.

5. Management Reporting
  • Support compliance reporting to senior management, headquarters etc.

6. Staff Management:
  • Provide guidance and supervision to the junior members of the Compliance Team.

Essential Skills
  • Degree Holder with at least 7-8 years of relevant working experience in asset management or financial institution
  • Good understanding of global and local regulations impacting asset management firms
  • Experience in trade surveillance and usage of trade surveillance systems
  • Knowledge of regulatory investment guidelines such as Code of CIS, CPFIG and UCITs
  • Good understanding of financial products
  • Confident individual who is an effective communicator with excellent interpersonal skills
  • Analytical with strong problem solving skillset
  • Able to work well independently and within a team, in a fast paced and dynamic environment
  • Experience in leadership roles preferred.


Schroders Investment Management logo
More Jobs Like This
See more jobs