Bedok - Chief Compliance Officer

Key Responsibilities:

• Lead, develop, and implement the company’s overall compliance program, ensuring alignment with local and international regulations, including Anti-Money Laundering (AML), Financial Crime Compliance (FCC), data protection, and other financial services regulations.
• Ensure that the company holds and maintains the necessary licenses and approvals required by relevant regulators in Singapore and other jurisdictions where the company operates.
• Coordinate and manage the licensing process with regulatory authorities, including renewals, submissions, and responding to any requests for additional information.
• Provide strategic oversight of the compliance function, ensuring that it is appropriately structured, resourced, and operating efficiently.
• Ensure that the organization complies with all relevant laws, regulations, and industry standards by developing and maintaining up-to-date compliance policies, procedures, and controls.
• Oversee risk assessments and audits to identify compliance risks and gaps in processes; develop strategies for remediation and mitigation.
• Build and maintain strong relationships with key regulators and external stakeholders, ensuring that the company’s compliance practices meet or exceed regulatory expectations.
• Advise senior management and business units on compliance issues, providing expert guidance on regulatory changes and their impact on business operations.
• Ensure effective training programs are in place for all employees to promote a strong compliance culture and awareness of legal and regulatory requirements.
• Monitor and evaluate the effectiveness of the compliance program, recommending improvements where necessary.
• Develop and deliver regular compliance reports to the Board of Directors and senior management, keeping them informed of compliance risks, issues, and performance.
• Lead investigations into potential compliance violations and take appropriate corrective actions where necessary.
• Ensure the proper handling of internal and external audits, including managing responses to findings and implementing remediation actions.
• Establish and maintain a robust framework for managing complaints, grievances, and concerns related to compliance matters.
• Provide guidance on all aspects of corporate governance and regulatory filings.

Qualifications:

• Bachelor's degree in Law, Business, Finance, or related fields (Advanced degree or professional certifications such as CAMS, ICA, or similar are highly preferred).
• Minimum of 10-15 years of experience in compliance management, with a significant focus on financial services and regulatory affairs. Experience in a senior compliance leadership role is required.
• Deep understanding of Singapore’s regulatory landscape, financial laws, and industry regulations (e.g., Monetary Authority of Singapore (MAS) regulations, AML, KYC, Data Protection, etc.).
• Proven ability to develop, implement, and manage complex compliance programs.
• Strong leadership capabilities with experience in leading and mentoring a team of compliance professionals.
• Excellent analytical, problem-solving, and decision-making skills, with the ability to navigate complex regulatory environments.
• Proven experience in managing relationships with regulators, legal authorities, and external auditors.
• Strong communication skills, both written and verbal, with the ability to explain complex compliance matters to non-experts and senior management.
• Ability to drive a compliance culture across the organization, ensuring company-wide awareness and adherence to compliance standards.
• Experience in managing licensing processes with regulators, including applications, renewals, and compliance checks.

Licensing Responsibilities:

• Ensure that all relevant licenses are obtained and maintained in accordance with the applicable regulatory requirements of the Monetary Authority of Singapore (MAS) and other relevant authorities.
• Oversee the preparation and submission of license applications, ensuring accuracy, completeness, and timely submissions.
• Keep up-to-date with changes to licensing requirements and proactively ensure compliance with any regulatory amendments.
• Manage the internal tracking and reporting of licensing statuses and renewal timelines to avoid any lapses in compliance.
• Serve as the primary point of contact with regulators concerning licensing matters, responding to queries, and ensuring all licensing requirements are met.

Skills & Competencies:

• Strong leadership and management skills, with the ability to inspire and lead a compliance team.
• In-depth knowledge of financial regulations, risk management, and governance frameworks.
• High level of integrity and professionalism, with a proactive approach to compliance risk management.
• Strong interpersonal skills and the ability to interact effectively with both internal teams and external stakeholders.
• Excellent strategic thinking and problem-solving capabilities.
• Strong project management skills and the ability to handle multiple priorities simultaneously.
• Detail-oriented with the ability to identify and address issues before they become significant risks.