Senior Compliance & Operational Risk Manager

  • 80,000 - 100,000 + Performance Bonus
  • Singapore
  • Permanent, Full time
  • CMC Markets Singapore
  • 15 Apr 19

The position is responsible for managing the compliance and operational risk functions within the CMC Markets Group in Singapore to ensure adherence to financial services, anti-money laundering and other relevant regulatory requirements, whilst overseeing the management of related compliance and operational risk issues.

KEY RESPONSIBILITIES

Compliance Management (Structure & implementation)

  • Maintain a compliance framework that adheres to all external regulatory legislation for Group activities within Singapore, whilst implementing and overseeing an effective governance framework for the Singapore office;
  • Provide ongoing advice to the Business Units with regards to the Group’s  regulatory obligations to ensure a high level of understanding;
  • Promote the benefits of effective compliance management to the business and encourage and support functional Heads to embrace and carry out their responsibilities under the compliance framework;
  • Monitor functional performance to ensure compliance with legislation and make recommendations concerning any identified incident or breach;
  • Review and sign-off marketing and advertising material for compliance;
  • Work with Group Compliance to define key metrics in maintaining a measurement process for practices related to regulatory requirements; 
  • Assist in the education and training of staff, whilst ensuring adequate CPD is attained by employees in accordance with regulatory obligations; and
  • Assist the business in managing complaints.
  • Policy & procedure review and development

Operational Risk

  • Provide a strong lead in the support of the risk process within the region to identify, assess, treat, report and monitor risks;
  • Promote a positive risk management culture;
  • Provide monthly and ad-hoc reporting including confirmation that procedures are being complied with and escalate any breaches to internal and/or external parties;
  • Assist in the continued development of company and branch policies and procedures in line with the changing regulatory environment;
  • Initiate and support roll out of Group and Singapore risk initiatives, including risk software, business continuity, information risk, data protection, insurance, fraud risk and overall risk awareness.

Anti-Money Laundering

  • Oversee AML requirements for Singapore, ensuring compliance with required standards and operating practices;
  • Maintain an appropriate AML framework for the Singapore office.​

Industry & Regulatory Developments

  • Continuously monitor the regulatory legislation that affects CMC and identify any implications for the company.  Update internal policies and procedures to reflect any changes;
  • Develop and maintain key external regulatory and industry relationships (e.g.  MAS and SAS) to ensure effective regulation and support positive reputation outcomes for CMC Markets Singapore.

 

KEY SKILLS AND EXPERIENCE

  • Tertiary educated in Economics, Law, Business, Accounting or other suitable qualification
  • Minimum three years’ experience in a commercial compliance, risk and/or legal environment
  • Previous experience managing relationships with regulator and industry body representatives;
  • Understanding of the Singapore regulatory framework for financial services, including the Companies Act, Securities and Futures Act and all relevant MAS circulars;
  • Knowledge of AML legislation;
  • Thorough understanding of good compliance and operational risk practice;
  • Abilities/competencies:
    • Business Acumen
    • Influencing
    • Team Work
    • Leading Others
    • Results focuses 

 

COMPETENCIES

  • Decision making
  • Business acumen
  • Resilience and drive
  • Communication and stakeholder management
  • People Management