Sr. Consultant, Compliance

  • Competitive
  • Singapour, Singapore
  • CDI, Plein-temps
  • Northern Trust Company
  • 11 déc. 17 2017-12-11

Sr. Consultant, Compliance

Summary:

  • Oversees the review, interpretation, and dissemination of current and proposed laws and regulations, code of conduct and ethics and industry best practices.
  • Provides consultation and advice to partners regarding compliance and risk avoidance.
  • Work with business units on business development strategies to minimize regulatory risk and assure compliance with internal policies, relevant laws and legislation.
  • Manages the regulatory relationship and regulatory reporting.
  • Communicates and liaise with the regulator on regulatory matters.
  • Establishes and conducts Compliance training courses for all staff on AML/KYC; code of ethics and conduct; regulatory requirements and updates; industry best practices and compliance related matters.
  • Appointed MLRO and responsible for matters relating to anti-money laundering, economic sanctions, and anti-terrorist financing.
  • Responsible for the planning and execution of the Compliance Monitoring Programme ("CMP") for the business activities, with responsibility for completion of scheduled monitoring.
  • Responsible for the relevant Compliance reporting to the relevant local, regional or global teams.
Primary Duties:
  • Review, understand and analyse the impact of regulatory changes and thereafter disseminates the information to the relevant business units.
  • Provide compliance advice (including regulatory implications and pragmatic solutions) to the business on any ongoing business issues and new markets/new products.
  • Provide compliance advice on procedural changes and review the appropriateness on changes made to procedures manuals. Review of documentation that requires compliance input and provide the advice/comments appropriately.
  • Provide advice/feedback to the business on any risks noted during the course of work.
  • Appointed MLRO and responsible for matters relating to anti-money laundering, economic sanctions, and anti-terrorist financing.
  • Conduct research on regulatory/best practices requirements and new developments.
  • Review and provide feedback on consultation papers issued by regulators and/or industry bodies that relates to proposed changes which have an impact on the business.
  • Prepare and follow up on regulatory reports and queries.
  • Prepare compliance reports for submission to the relevant internal governance bodies.
  • Participate in the relevant local governance meetings where applicable.
  • Organize and manage the implementation of new compliance initiatives or changes to the Compliance framework, as and when required.
  • Maintain the complaints log and breach register; and work jointly with the business to investigate and follow-up on complaints and breaches/errors.
  • Maintain and update the Compliance Manual and the Compliance related procedures and task list.
  • Responsible for licensing issues, including maintenance of the Singapore Branch Representatives Register and administering the Fit and Proper declaration by representatives and relevant persons.
  • Maintain the outsourcing register and ensure complete documentation for each outsourced arrangement.
  • Daily monitoring of MASNET correspondence for Singapore Branch and distributing the information to the relevant departments.
  • Prepare, arrange and provide the relevant Compliance training for staff on anti-money laundering and anti-terrorist financing; code of ethics and conduct; fiduciary duties; regulatory requirements & updates; and industry best practices.
  • Provide audit services support from the compliance perspective.
  • Interacts with regulators, internal and external auditors on regulatory and compliance related topics.
  • Maintain and update the CMP. Undertake the scheduled compliance monitoring reviews. Complete review work within defined timescales as set out within the CMP, ensuring that work is of high quality.
  • Prepare and provide the relevant Compliance reporting to the relevant local, regional or global teams.
  • Work closely with the Compliance Officers and MLROs in the APAC, EMEA and NA, including sharing of information and knowledge.
  • Carry out any special/adhoc projects as and when the need arises.
Knowledge/Skills:
  • Good knowledge and understanding of the local regulations and industry best practices.
  • Good knowledge and understanding of the regulatory and industry best practices developments, particularly in the areas of compliance, corporate governance and risk management.
  • Good knowledge of risk assessment and compliance testing methodologies and approaches.
  • Proficiency in PC software essential (MS Word, MS Excel)
Experience:
  • Tertiary Education
  • Minimum 7 years of experience, preferably with strong financial industry knowledge/background coupled with compliance or audit or legal or risk management course of work.
  • Experience in interfacing and communication with all level of staff
  • Experience in dealing with regulators

For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 16,500 employees globally. We serve the world's most-sophisticated clients - from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.

We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.

As of September 30, 2017, Northern Trust Corporation had:
  • $131 billion in banking assets
  • $7.8 trillion in assets under custody
  • $9.7 trillion in assets under custody/administration
  • $1.1 trillion in assets under management