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Assistant Vice President, Compliance, Private Banking

China CITIC Bank International Limited (SG Branch)
Singapore, Singapore
Closing date
Jun 26, 2023

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Job Purpose:

Assist the Head of Compliance in:
  • Managing the Branch's compliance function, especially private banking/wealth management compliance program/framework.
  • Providing PB compliance advisory for the assigned portfolio in relation to licensing, PB/Wealth Management regulatory requirements as well as carrying out compliance monitoring and reviews to ensure compliance with all applicable laws and regulations especially (including Securities & Futures Act, Financial Advisers Act and relevant banking regulations);
  • Managing AML-related projects and ensure timely implementation.

Job Responsiblities:
  • Provide compliance advisory support in relation to PB/Wealth Management business activities to all business units and support units of the Bank.
  • Provide support to business and / or supporting units of the Bank in the development, implementation and regular review of policies and procedures for their operations with due regard to all applicable regulatory requirements in PB/Wealth Management Area.
  • Provide compliance advisory support to PB/Wealth Management units on AML issues.
  • Assist the Head of Compliance to advise management on compliance issues and potential impact of regulatory trends and developments in designated areas, especially PB/Wealth Management Area.
  • Collaborate with internal Compliance team members in performing compliance monitoring program on the Bank's various activities in investment compliance if necessary.
  • Conduct compliance review on complaint cases and provide necessary advice in the area of designation especially PB/Wealth Management Area.
  • Undertake investigations into any complaints reported or made by both internal and external customers in the area of designation especially PB/Wealth Management Area.
  • Review the current compliance controls of the Bank, and identify proper actions for improvement if necessary in the area of designation especially PB/Wealth Management Area.
  • Perform regular tracking on all outstanding regulatory issues or findings yet to be solved or responded.
  • Assist Head of Compliance to enforce the General Compliance Manual of the Bank in the Specific Area.
  • Liaise with regulators and handle the ad hoc examination, surveys and enquiries.
  • Prepare operation manual for the department in the Specific Area.
  • Raise and maintain compliance awareness among staff by providing them with relevant information, publications and training on compliance matters.
  • Provide coaching and training to junior staff of the team or other compliance teams.
  • Take up other assignments from time to time directed by the Head of Department or Branch General Manager.

Job Requirements:
  • Degree holder in Banking and Finance, Accounting or related discipline.
  • At least 5-10 years of compliance experience within the private banking / wealth management industry.
  • Experience in review of counterparties/clients and have knowledge of PB Investment Suitability framework.
  • Experience in KYC (including name screening) and transaction monitoring review requirements for Private Banking clients.
  • A team player with strong communication and interpersonal skills.
  • Strong analytical and problem solving skills; and meticulous.
  • Self-motivated and resourceful; able to multi task and focus on delivering results.
  • Professional Compliance qualifications are preferred, such as ICA, ACAMS, etc.

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