Assistant Vice President, Compliance, Private Banking

Employer: China CITIC Bank International Limited (SG Branch)
Location: Singapore, Singapore
Salary: Competitive
Closing date: Jun 26, 2023

Job Function: Compliance/Regulatory
Industry Sector: Finance - General
Employment Type: Full Time
Education: Bachelors

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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.

Assistant Vice President, Compliance, Private Banking

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