Assistant Vice President, Compliance and Risk Management

Compliance function

• Support the managing of the overall regulatory compliance of the firm
• Support in conducting monitoring activities, including financial crime prevention, mitigate risks and ensure compliance with regulatory standards and internal policies
• Support and maintain the compliance checklist and calendar to ensure timely regulatory submissions and adherence to compliance/regulatory deadlines
• Perform compliance reviews, including incident reports, complaints, and whistleblowing investigations
• Oversee the firm's client onboarding / KYC process to ensure regulatory compliance and risk management
• Support the Conduct firm-wide compliance training, including AML training, in timely and efficient manner
• Maintain, review, and update the firm's policies and procedures to ensure compliance with regulatory requirements and industry's best practices
• Keep stakeholders informed about new and existing regulatory requirements, including impact analysis, proposed actions, and implementation of necessary measures
• Support in managing the firm's licensing matters, including MAS representative registration, fit and proper assessments, including ensuring the firm's adherence to its licence conditions.

Risk Management function

• Foster a strong risk culture within the firm by promoting risk awareness and best practices
• Conduct risk assessments to identify potential areas of concern and collaborate with business units to mitigate risks to an acceptable level
• Proactively manage key risks by implementing and maintaining effective controls
• Continuously enhance and improve policies and procedures to align with regulatory requirements and industry standards.

Others

• Review and provide guidance on new business initiatives from a Compliance and Risk Management perspective
• Participate in the firm's Business Continuity Management to ensure operational resilience
• Support and manage internal audit engagements, including responding to audit findings and implementing corrective action plans
• Oversee IT implementation with a focus on cybersecurity and cyber hygiene to safeguard company systems and data
• Provide oversight into operational settlement matters to ensure efficiency and compliance with regulatory requirements.

Requirements:

• Self-motivated with the ability to work independently and as a team member of the compliance and risk management function and the BSPL organization at large
• Minimally a Bachelor's degree, preferably in Law, Accountancy, Finance, or a related field
• Minimum of 3 years of relevant experience in the financial industry including liaising with regulators
• Working experience in Securities and Futures Act, its subsidiary regulations, and the Monetary Authority of Singapore's Notices and Guidelines
• Good advisory skills to guide the firm on risk events, develop risk mitigation strategies, and implement tools and controls for effective risk monitoring and management
• Strong writing and communication skills
• Highly collaborative with excellent problem-solving and interpersonal skills
• Able to prioritize workloads and ensure deadlines are consistently met
• Strategic thinker with a clear understanding of objectives and their impact
• Preferably experience in possessing prior experience within a compliance function for an investment bank / securities house
• Preferably but not a must to know how to converse in Bahasa Indonesian.