About the Role
This role is focused on providing compliance support to Business and enablement units under the direction of the VP Compliance. The manager will oversee daily processes and follow-ups, becoming the first point of contact for compliance-related queries within Global Private Banking. Key responsibilities include attending training sessions to enhance knowledge of compliance procedures and participating in daily, weekly, and monthly compliance deliverables as required.
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Key Accountabilities
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Generic Accountability Strategic Contribution:
• Implement policies and procedures in partnership with Regulatory Compliance to ensure compliance with applicable laws and regulations.
• Support the VP Compliance in performing annual compliance risk assessments to identify key residual risks.
• Assist in preparing and filing compliance-related regulatory reporting and requests from local regulators.
• Collaborate with Financial Crimes Compliance to manage potential compliance risks during reputational risk reviews.
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People Management:
• Educate employees through regular training and awareness sessions to promote compliance with applicable laws, regulations, and policies.
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Policies, Systems, Process & Procedures:
• Advise on the rollout and implementation of Group wide Compliance policies and procedures.
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GPB Advisory:
• Provide compliance advice as a Subject Matter Expert (SME) to internal and external stakeholders.
• Develop relationships to promote best practices and ensure understanding of compliance requirements across Global Private Banking.
• Offer technical insights to Business Units, building credibility by understanding their challenges related to products and transactions.
• Foster cooperative relationships with regulatory authorities and exchanges relevant to business registrations.
• Investigate actual or potential breaches of laws, regulations, or policies and escalate significant compliance matters to senior management.
• Represent Compliance at governance meetings and relevant operational forums, providing updates on regulatory issues and compliance risks.
• Review and approve new business projects and product development.
Qualifications and Experience
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Minimum Qualification:
• Bachelor’s Degree or higher in Management, Banking, or Finance, preferably with certification in compliance, AML/CFT, Financial Crime, or Risk Management.
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Minimum Experience:
• At least 5 years of experience at a reputed bank, with a minimum of 3 years in a private banking-related role.
