AVP, Regulatory Risk & Control, Private Banking

Morgan McKinley
Singapore, Singapore
Oct 04, 2022
Oct 10, 2022
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Job Summary
  • Singapore
  • Permanent
  • BBBH826854
  • Aug 31, 2022
  • Competitive
Job Description
Morgan McKinley is working in partnership with a Global Bank who is well known for their top tier Corporate Investment and Private Banking services. They are one of the recognized tier one houses.

Role and responsibilities
  • Responsible for maintaining an up-to-date Regulatory pipeline for Private Banking Business in Asia-Pacific by coordinating with relevant stakeholders in the region on applicability assessments.
  • To provide high level interpretation via Brief Overviews and providing regular updates / focus topics to stakeholders including Senior Management.
  • To assess impact of regulation via Interpretation and Impact Assessment document including regulatory requirements and its impact on Private Banking business model and processes. Responsible for coordinating the applicability, impact assessment and interpretation related discussions and reviews, conduct initial gap analysis, document regulatory requirements and work with Reg & Risk Agile tribe on the Regulatory change design framework for the respective Regulatory changes, whilst also working closely with Control functions like Legal, Operations, Compliance, BMs & COOs and relevant Global stakeholders.
  • Assess the relevance of regulatory developments (including extra-territorial impact of Global regulations) for IPB business and inclusion in IPB Regulatory change within Asia-Pacific by working closely with the local Legal, Compliance and other relevant stakeholders in the region.
  • Support on status updates for relevant regulations/regulatory projects for Regulatory Affairs related forums and working groups that become inputs for updates to the Global/Regional teams.
  • To support the wider control activities such as Monitoring and Quality Assurance of Risk & Controls (including regulatory & cross-border), audit issue validation/closure related coordination, scenario analysis, risk & control assessment, as required.
  • Coordination with business stakeholders, tracking of activities, preparing status updates, quality assurance results to support the Control team.
Key requirements
  • Prior and relevant Wealth Management and Private Banking experience between 5-7 years in Operational Risk, Compliance, COO / Projects, Regulatory affairs, Risk & Controls or in a comparable internal control function related to Wealth Management related to coordination/ execution roles.
  • Good knowledge of and keen interest in existing banking regulations and regulatory requirements with prior experience in regulatory analysis and/or change management.
  • Ability to analyse complex regulations and problems and translate them into business friendly language to enable & drive impact assessment whilst engaging the relevant stakeholders. Some project management or change management experience will be needed.
  • Experience in producing reports and presentations with MS Office programmes (in particular, PowerPoint and Excel);
  • Strong analytical skills with Multitasking abilities and good workplace organisational skills to be able to set priorities correctly and meet the specified deadlines.
  • Outgoing team player with solid communication skills to be able to moderate and handle conflict situations
Only shortlisted candidates will be responded to, therefore if you do not receive a response within 14 days please accept this as notification that you have not been shortlisted.

Morgan McKinley Pte Ltd, EA License No: 11C5502

Lee Boon Hou (Hagen), Registration No: R1870932

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