Associate Vice President, Compliance

Field of Activity

To ensure the activities of the Fund Services business line are conducted in accordance with applicable laws, regulations, circulars, and directives; and focus on regulatory and policy requirements applicable to Clearstream’s global customer base, products and services with the mission to ensure that Clearstream maintains high standards of regulatory compliance in the eyes of the customers, the public and the authorities in the markets that it serves.

Overall role is to act as tCompliance Associate Vice President,- Fund Services, covering Asia Pacific, particularly ensuring compliance with applicable laws and regulations in Singapore and Hong Kong.

Your Responsibilities:

• Support projects and initiatives within compliance 
• Maintain, monitor and update local laws and regulations in the legal inventory and implement accordingly 
• Ensuring all licensed representatives of the Fund Services business in Asia Pacific file their periodic declarations on a timely basis 
• Provide compliance advisory support in the context of compliance related queries 
• Ensure the Fund Services risk assessment framework is maintained and up to date
• Implement and monitor the Financial Crime Prevention program that covers AML/CFT, Anti-Fraud, Anti-Bribery & Corruption, and market abuse/insider trading, including but not limited to reporting suspicious activities, providing advisory and support to the business in handling escalated queries
• Set up and conduct monitoring and testing activities driven by the Compliance risk assessment 
• Assist with collating licensing related documentation as well as reviewing licensing / exemption related documents/forms 
• Participate in discussions with relevant regulators 
• Act as point of contact for regulators’ queries on Fund Services operations and/or licence applications 
• Support the implementation of new products and services with compliance assessment
• Handle internal and external audits; and regulatory audits 
• Submit regulatory reports on a timely basis 
• Prepare reports for the respective committees in line with their defined mandates and terms of references 
• Represent compliance in internal committees, in local industry forums and when required, liaise with external parties such as legal advisors, business partners, auditors, regulators and customers 
• Prepare and conduct compliance training for Fund Services staff 

Our Requirements

• Minimum 10 Years of risk management and compliance experience particularly in Singapore and Hong Kong with a focus on financial services/banking/financial market infrastructure providers 
• University degree, preferably business, economics, law, or any relevant field 
• Has relevant wholesale banking licensing application experience in Singapore, Hong Kong and/or has interacted with regulators on licensing related matters 
• Strong regulatory compliance experience in harmonizing compliance framework for Singapore and Hong Kong regulatory requirements 
• Excellent understanding of regulatory expectations, regulations and standards e.g. Hong Kong SFC / Singapore MAS requirements 
• Strong analytical and conceptual skills, creativity, critical thinking, as well as ability to identify problems and propose practical, cost effective solutions 
• Proficiency in written and spoken English; proficiency in any other languages would be an additional benefit 
• Team player, able to work independently on complex matters/ projects 
• Enjoy Working in an international and diverse team 

Location: Singapore