VP/ SVP, Group Legal & Compliance ? Global Financial Markets, Legal & Compliance
DBS Bank Toa Payoh Full-time
Key Accountabilities
- Contribute to the development of a strong compliance culture in the DBS Group to comply with laws, regulations and ethical standards in the GFM business, thereby protecting the reputation of the DBS Group.
- Identify and resolve regulatory issues in GFM (in Singapore and regionally).
- Stay up-to-date on any regulatory changes and developments in Singapore and globally that have an impact on GFM.
- Collaborate with Legal colleagues to provide more holistic advice covering both legal and compliance aspects.
- Maintain strong internal relationships, acting as a professional and value-adding partner with the business and support units.
- Embrace multi-disciplinary capabilities and expansion of skills enabled by GenAI, digital tools, data and agile way of working
- Advise GFM on applicable regulations, including relevant overseas regulations/:
- - Provide GFM with prompt, sound and consistent compliance and regulatory advice across all business units, support units, and overseas locations in relation to (1) the structuring and sale of products (including funded and unfunded, OTC and cleared) in respect of all asset classes (including equities, derivatives, FX, rates, commodities, credit and crypto); (2) sales practices and processes in relation to GFM products (onshore and cross border) (3) the provision of clearing and execution services on exchange-traded products and (4) Interpretation and implementation of AML/CFT Standards
- - Provide Group Research with prompt and sound compliance and regulatory advice in relation to the distribution of research reports
- - Advise and provide support to other stakeholders in GFM in relation to regulatory and compliance matters.
- Review new products and other business initiatives (e.g. new business ventures and new transaction structures) and consider the impact of relevant rules and regulations on GFM and Legal & Compliance.
- Review the impact of new / amended regulations and provide feedback and implications on the proposed regulations to GFM.
- Collaborate with GFM Legal and Compliance colleagues, business units and support functions, in Singapore and overseas.
- Liaise with regulators, exchanges and relevant internal stakeholders to resolve regulatory issues and seek clarifications.
- Identify key regulatory issues of concern to regulators early.
- Co-ordinate regulatory inspections involving GFM.
- Establish and maintain good working relationship with regulators.
- Develop / review training materials on applicable regulations for GFM.
- Provide in-house training to ensure compliance with Bank's ethical standards, GFM policies and applicable regulations.
- Degree or Professional qualification in related field
- At least 7 years of working experience in compliance covering global financial markets business / regulatory environment.
- Detailed understanding of the prevailing Singapore and overseas regulations relevant to GFM including exchanges rules and AML/ CFT regulations, as well as working knowledge of the diverse banking products & services and services offered by GFM (especially exchange traded products).
- Ability to think critically with good problem-solving skills; results-oriented to ensure sound implementation of controls and compliance processes/procedures.
- Ability to analyse financial markets transactions and consider the application of relevant regulations and rules.
- Strong awareness of regulations/laws (e.g. MAS Notices, Banking Act, Companies Act, Securities and Futures Act, Financial Advisers Act, Payment Services Act & AML/CFT laws) in Singapore, regionally and globally. Comprehensive product knowledge together with good understanding of relevant financial services and investment banking activities.
- Relevant banking and compliance experience as a compliance officer, auditor or regulatory examiner, with exposure to different banking products and businesses.
- Able to communicate clearly and diplomatically articulate issues, solutions and rationales.
- Flexibility in learning and adapting to L&C’s new multi-disciplinary way of working
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about the company
Our client is a foreign bank, offering a full range of services to meet the needs of customers across the world. The company prides themselves on providing the highest quality financial services to customers worldwide...
PHARE VENTUREToa Payoh
Join our team as a Financial Advisor and enjoy a flexible work setting, comprehensive training, support structure, together with market leading remuneration. This role is ideal for both fresh graduates and those seeking a mid-career switch.
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