This is a dual hatted role and will entail reporting to the Team Lead of Private Wealth Compliance in Nikko Securities and Team Lead of Compliance Team in SMBC Singapore.
Job Responsibilities :
- Provide advice to Private Wealth Business Unit and other stakeholders on regulatory matters including but not limited to investment suitability, licensing/ RNF matters, cross-border compliance, Personal Account Dealing, handling of MNPI, regulatory requirements involving SFA, FAA, PB Code of Conduct and other general compliance matters to ensure adherence to internal policies & procedures.
- Perform gap analysis on new regulations, regulatory changes, MAS's Information Papers that impacts the Private Wealth Business.
- Assist in the implementation of new regulatory requirements and ensure adherence to these requirements for Private Wealth Department by assisting to update the relevant policies and procedures, controls etc.
- Conduct Monitoring & Testing reviews on various regulatory obligations including but not limited to as investment suitability, cross-border compliance, personal account dealing, gift & entertainment, email/ phone surveillance, market abuse etc.
- Perform Private Wealth Compliance Self-Assessment reviews and work with the relevant stakeholders to address gaps identified.
- Perform quality checks for AML/ CFT/ Sanctions: KYC onboarding, periodic review, clearance of alerts in screening and monitoring tools.
- Work with the other team members in maker/checker tandems, on KYC/ AML matters (where required).
- Assist to perform reviews of parameters and functionalities of KYC/ AML monitoring systems (where required).
- Prepare compliance meeting materials/ minutes and management reports.
- Conduct compliance training and carry out any ad-hoc compliance task/ project.
Job Requirements
- Minimum 5-7 years of experience in compliance within a private bank, wealth management firm, or financial institution
- Strong working experience to general compliance frameworks, including advisory, monitoring, and policy implementation
- Experience supporting front office activities in a private banking or wealth management environment is preferred
- Education
- Minimum Bachelor's degree in Law, Finance, Business, Accounting, or a related discipline
- Professional certifications (e.g., CAMS, ICA, CFA, or equivalent) would be an advantage
- Regulatory Knowledge
- Strong understanding of relevant regulatory requirements and guidelines, including:
- Anti-money laundering (AML) and countering the financing of terrorism (CFT)
- Cross-border regulations and suitability requirements
- Client onboarding, KYC and due diligence standards
- Conduct and sales practices applicable to private banking
- SFA/FAA requirements
- Familiarity with local regulatory expectations (e.g., MAS guidelines) and global standards
Key Competencies
- - Attention to Detail, ability to review complex client structures, transactions, and documentation with a high degree of accuracy
- Strong focus on identifying inconsistencies, gaps, and potential compliance risks
- Capability to assess issues pragmatically and provide practical, risk-based solutions
- Able to balance business needs with regulatory expectations
- Strong analytical skills to interpret regulations and apply them to real-world scenarios
- Ability to challenge assumptions and escalate concerns appropriately
- Clear and effective communication skills, both written and verbal
- Ability to interact confidently with stakeholders, including relationship managers, senior management, and regulators
- Able to translate regulatory requirements into practical guidance for the business
- Ability to identify, assess, and monitor compliance and conduct risks
- Experience in performing risk assessments, surveillance, and thematic reviews
- Good judgment in evaluating risk appetite and escalation thresholds
