Title:  Assistant Manager, Compliance

Purpose

Contributes to the overall success of the Compliance function in Singapore, ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives.  Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

The incumbent will support the Head of Compliance, Singapore and Head of APAC Product Compliance (HoC), and other members of the Singapore Compliance team to deliver the compliance program for the Global Banking and Markets & Treasury (GBM&T) businesses.

The incumbent will handle the day-to-day administration of the core compliance activities within the Singapore Compliance team, including the conduct of compliance training, maintenance of compliance documents for the Singapore Compliance team and being the Secretary to the monthly Singapore Compliance Committee Meeting.

Accountabilities

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Provide timely compliance advisory support to stakeholders in relation to their applicable regulatory requirements, internal policies/procedures and matters or control decisions that may present potential regulatory risk.
• Keep abreast of legislations and regulatory developments and ensure that they are properly cascaded to stakeholders for follow-up and tracking.
• Assist senior members of the Singapore Compliance Team with the applicable Enterprise Compliance programs such as the CRCA process, Regulatory Change Management and Regulatory Library Management processes
• Coordinate and/or conduct Compliance training to update and refresh stakeholders of the applicable requirements and expectations.
• Collate and file regulatory reports in a timely manner for relevant regulators or authorities including the MAS.  Key submissions include Annual CRAFT Assessment, SFA Form 28, Status of Outstanding Audit and Compliance Testing Findings.
• Assist in the preparation of internal compliance reports and submissions for various governance and reporting forums, internal and external surveys and internal/external audits and/or inspections that require inputs from the Singapore Compliance Team.
• Assist the HoC as an integral member of the Singapore Compliance team and undertake tasks as may be assigned from time to time.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursues effective and efficient operations of their respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/Sanctions and conduct risk
• Champions a high performance environment and contributes to an inclusive work environment.

Experience/Other Information

• Degree or equivalent in a finance or related discipline from a recognised university.
• Good understanding of the global capital markets and corporate and investment banking activities.
• Individuals with prior experience working in the capital markets or financial industry or individuals with experience working in a financial sector regulator will be considered favourably.
• Individuals with relevant financial sector certification (e.g. compliance diploma, CFA) will also be considered favourably.