Compliance Division Job Description
Compliance division
provides compliance and regulatory advisory for the Markets business in Singapore and associated support functions, including providing advice on Singapore rules & regulation such as the Banking Act, Securities & Futures Act and SGX rules and regulations.
Compliance Division Duties & Responsibilities
To write an effective compliance division job description, begin by listing detailed duties, responsibilities and expectations. We have included compliance division job description templates that you can modify and use.
Sample responsibilities for this position include:
Provide compliance support to the FICC teams and related businesses in the New York Office with regulatory and compliance issues relating to FICC business activities
Develop appropriate framework for distribution of products to PWM clients
Pre-approving and “chaperoning” certain communications
Deal with regulatory issues arising from transactions and the firm’s investments joint ventures or mergers
Keep abreast of upcoming, new and revised rules, regulations and directives applicable to the business, and facilitate changes as required
Assist with managing FICC BU Compliance staff and objectives
Address day-to-day questions and issues that arise in the PWM business, including on product suitability, client background and suitability assessment and risk profile evaluations
Refine compliance program and surveillance tools which enables compliance to conduct in depth review
Work with Legal and other Compliance functions on regulatory inquiries and client issues
Develop, implement and provide training on relevant policies and procedures in compliance with relevant regulations and firm policies/initiatives to the PWM business
Compliance Division Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Compliance Division
List any licenses or certifications required by the position: OSHA, FTA, NAFTA, HAZWOPER, ACFE, ACAMS, CFIRS, CRCM, ASQ, ISO
Education for Compliance Division
Typically a job would require a certain level of education.
Employers hiring for the compliance division job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Education, Legal, Business, Finance, Law, Business/Administration, MBA, Economics, Management, Accounting
Skills for Compliance Division
Desired skills for compliance division include:
MS Office applications
Futures and derivatives
Products
Asset management industry and related regulatory policies
Asset management regulations and /
Exchange rules for listed securities
Laws applicable to sanctions and money laundering
Securities and exchange rules and regulations
Securities markets
Businesses
Desired experience for compliance division includes:
Good understanding of front to back process of Equities business
Good drafting ability, but drafting will be primarily focused on providing comments on written material, and drafting short policy/guideline documents and trainings
Experience in broker-dealer compliance – 3+ years preferred
Creating and implementing new controls and surveillances to mitigate risks to the firm by analyzing the transactional processes used in the Investment Banking Division, the activities and actions of individual bankers
Providing advice for IBD personnel on compliance, regulatory, policy and reputational issues, on new business initiatives and significant business changes affecting the firm
8+ years of experience within Financial Services companies, Futures Commission Merchant and/or Commodities Trading firms
Compliance Division Examples
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Compliance Division Job Description
Job Description Example
Our growing company is hiring for a compliance division. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for compliance division
- Collect reports on the Action Programs, Practical Plans, and conduct necessary action (including reporting to/sharing information with the related divisions)
- Check documents related to internal audit
- Understand the offices’ situation at the meetings with the regional coordination division held on a regular and ad-hoc basis
- To assist Investment Banking Division (IBD) Compliance and provide compliance advice to IBD, this will include providing compliance input for transactional matters and other general subject matters such as CB, registration
- Controls/Surveillance/Testing
- Understand e-trading systems, strategies and market structures to identify risks
- Provide technical expertise to implement automated controls to manage operational, financial and regulatory risks
- Provide thought leadership to review, analyze impact of and implement controls for new e-trading regulatory requirements (e.g., MiFID II, FX Code of Conduct)
- Work across electronic trading/ sales desks, strats and technology groups to provide technical Compliance support
- Coordinate, recommend, and execute plans to address potential risks, fulfill regulatory obligations and promote leading control practices
Qualifications for compliance division
- Similar experience in financial services, preferably in Japanese financial institutions
- Good understanding of compliance regulations in the securities space, especially Equities
- Demonstrable FICC compliance experience
- Strong knowledge of Dodd Frank requirements
- Solid Compliance experience in Futures, including FCM regulations, financial and physical commodities trading
- University degree holder/relevant professional or industry qualification
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Compliance Division Job Description
Job Description Example
Our company is growing rapidly and is hiring for a compliance division. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for compliance division
- Assist in the preparation of the Compliance Office Annual Report NCAA surveys and reports
- Supporting globally common technology and operations functions such as software release reviews, model testing and tuning, and provide support for other aspects such as list maintenance, license management
- The analyst will also work with the ACoD Business Data Steward on introducing new processes designed to improve the quality of data
- Assist the ACoD Head of Global Sanctions Compliance in developing and overseeing global standards for OFAC sanctions compliance testing
- Liaise with the Global Financial Crimes Division, regional, and local risk and compliance staff world-wide to ensure the effective execution of compliance testing strategies and plans
- Track, monitor, and escalate as needed identified control weaknesses
- Maintain appropriate standards, policies, and procedures
- Provide management reporting on the results of testing, the effectiveness of testing, and ensure proper escalation of identified gaps or concerns
- Assist the ACoD Head of Testing in the evaluation of global standards for OFAC sanctions in the Americas
- Determine the objectives and scope for each testing assignment
Qualifications for compliance division
- Previous, proven professional experience
- Sufficient work experience within AML/CFT manager in the banks
- The candidate must have a strong interest to pursue a career in the regional control on AML/CFT
- Minimum Bachelors Degree in Engineering, Computer Science or Information Technology
- Experience of using Java, Python, SQL, Unix and Hadoop
- Proven experience of working with Data and Big Data
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Compliance Division Job Description
Job Description Example
Our growing company is looking for a compliance division. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for compliance division
- Under minimal supervision, the incumbent will perform administrative duties including, but not limited to, maintenance of complex and changeable calendars for multiple team members, manage all aspects associated with scheduling and planning meetings, travel arrangements, scheduling and initiation of LiveMeeting and set up of team meetings
- This person will be responsible for managing highly confidential matters with discretion and judgment, manage expense reports for team members, greet visitors, provide immediate assistance to team as needed, schedule international and domestic travel, and distribute mail
- Other office management tasks may include building and revising presentation materials, executing communications to third party organizations, and managing and disseminating information across department
- This person will take the lead in departmental administrative process such as office supplies, catering, provide on-site coordination during meetings (in person, video conference, and teleconference) as needed, track key action items
- This person will also assist in coordinating global meetings as requested
- The successful candidate must be able to exercise sound judgment and discretion and have the flexibility to respond to shifting priorities
- Assist in developing business process documentation for any ongoing reviews for ad-hoc financial crimes compliance related projects, issues, or requests
- Based on the London trading floor, will work as part of the European Securities Division Compliance Team
- Interface with Japanese regulatory authorities regarding regulatory inspections, questions on regulations, lobbying for regulatory change
- Advising Investment Banking business on firm policies and procedures and applicable securities laws and FINRA regulations
Qualifications for compliance division
- The candidate must have a strong interest to pursue a career in the regional control on compliance
- Controls/Surveillance
- Testing/Monitoring
- Proactive, inquisitive and responsive
- Ensuring compliance by MOD's Australian staff with internal and external policies
- Monitoring and surveillance activities and assisting Internal Audit with MOD-related audits
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Compliance Division Job Description
Job Description Example
Our company is looking to fill the role of compliance division. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for compliance division
- Assist with the creation of monthly management reports for presentation to business and compliance senior management
- Preparation of materials and information related to internal investigations, regulatory inquiries and internal and external audits and inspections
- Perform ad hoc and regular testing of the compliance control framework of the Investment Banking business
- Perform ad hoc tasks in support of the Control Room which may include facilitating wall crossings from initial request to the resumption of normal duties, maintenance and administration of systems used for maintaining Watch and Restricted Lists, restrictions of staff trading and recording of wall crossings
- Excellent teamwork, organizational, verbal and written communication skills
- Attention to detail and rigorous but routine processing
- Investment banking, broker-dealer and securities background or studies
- Knowledge of or legal education in securities laws/financial markets
- An appreciation of the fundamentals of a strong risk culture
- Provide advice in real time to the Private Wealth Management business on compliance, regulatory, policy and reputational issues, on new business initiatives and significant business changes affecting PWM, including on product suitability, client background and suitability assessment and risk profile evaluations
Qualifications for compliance division
- Effective communication skills including strong written communication, coupled with enthusiasm, motivation and the ability to be proactive
- Minimum 15 years of experience, preferably in the financial services, broker dealer/securities industry
- Educational background in Finance and computer science is preferred
- Working knowledge of programming languages (C/C++, Java)
- At least 3+ years of relevant work experience, preferably in Capital Markets technology, trading or risk management
- Good drafting ability
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Compliance Division Job Description
Job Description Example
Our company is looking for a compliance division. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for compliance division
- Ensure that appropriate policies and procedures are in place for PWM
- Test and monitor controls, surveillances and procedures to assess effectiveness in ensuring adherence to laws, regulations and firm policies and procedures
- Develop effective and collaborative working relationships with GHSC-PSM and SCS staff and continually promotes outstanding client service
- Closely collaborate with the GHSC-PSM IDIQ PMU Managing Director and the SCS Senior Vice President (SVP) on GHSC-PSM prime contract financial management best practices and risk mitigation strategies and approaches
- Work closely with GHSC-PSM Finance and SCS Finance teams to ensure compliance with contract financial reporting requirements, coordination and process improvement
- Lead reforecasting for subcontractor costs using level of effort (LOE) and recruitment updates, and subcontractor pipelines
- Prepare documentation and backup for letter of credit (LOC) drawdowns, manages drawdowns, and liaises with Cash Management on drawdown information submission and administration
- Ensure accuracy of re-forecasts for GHSC-PSM HQ budget and support to ensure accuracy of re-forecasts for country budgets
- Oversee updates to the subcontractor dashboard and subcontractor headcount spreadsheet
- Lead invoice review and corrections for GHSC-PSM HQ invoice
Qualifications for compliance division
- Must be a proactive team player with a strong sense of urgency and ability to get along with others
- Must be comfortable working with colleagues in different geographic regions and time zones
- Two years of experience in either a compliance role or working at an investment bank
- Minimum of 3 to 5 years of experience working in an audit, compliance testing, or similar role at a large commercial or investment bank, or in an examination capacity with a regulatory agency
- A thorough understanding of economic sanctions and anti-money laundering laws and regulations
- Minimum of 7 years of experience working in an audit, compliance testing, or similar role at a large commercial or investment bank, or in an examination capacity with a regulatory agency