Associate Vice President, Risk Management & 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 the Risk Management and Compliance Associate Vice President, Fund Services covering Asia Pacific, particularly ensuring compliance with applicable laws and regulations in Singapore and Hong Kong are adhered to for the Fund Services business line.

Your Responsibilities:

• Support projects and initiatives within compliance and risk management 
• Maintain and monitor local laws and regulations and update and implement accordingly 
• Ensuring compliance with on-going AML/CTF duties including but not limited to reporting suspicious activities and the related follow-ups with the relevant authorities (where necessary) 
• Ensuring all licensed representatives of licensed entities of the Fund Services business in Asia Pacific file their annual declarations on a timely basis 
• Providing compliance advisory support as the first line of defence in the context of compliance related queries 
• Ensuring the Fund Services risk assessment framework is maintained and up to date, e.g. Legal Inventory; Compliance risk assessment, yearly risk assessment and on-going financial regulatory reporting 
• Implementing and monitoring the Financial Crime Prevention program that covers AML/CFT, Anti-Fraud, Anti-Bribery & Corruption, and market abuse/insider trading, including but not limited to providing advisory and support to the business in handling escalated queries (advising on risk-based approach) 
• Set up and conduct monitoring and testing activities driven by the Compliance risk assessment 
• Assistance with collating licensing related supporting documentation as well as reviewing licensing / exemption related documents/forms 
• Participation in discussions with relevant regulators 
• Act as point of contact for regulators’ queries on Fund Services operations and/or licence applications 
• Support the design, implementation and maintenance of an effective end-to-end risk governance framework including a holistic approach to risk controlling and reporting 
• Develop, implement, and maintain a business continuity management and related governance framework including the execution of testing activities where necessary
• Identification, assessment, management, and reporting of financial and non-financial risks including documentation and reporting of incidents 
• Preparation and alignment of policies, supporting materials, guidelines, in line with group risk policies and applicable laws and regulations 
• Provide advice and challenge existing and new business areas with regards to the implementation and optimization of controls to address / minimize identified risks on an ongoing basis (e.g., in case of changes) 
• Support the implementation of new products and services with risk assessment
• Provide advisory assistance to first line of defence employees and management for any question related to Compliance and Risk 
• 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 risk management and 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 
• Excellent understanding of regulatory requirements in Asia Pacific, particularly Hong Kong and Singapore relevant laws and regulations e.g. AML/ KYC requirements 
• 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 on local risk management principles/concepts, 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 
• Ability to understand mathematical and statistical concepts for preparation of risk management reports for management and where relevant, regulators 
• Proficiency in written and spoken English; proficiency in any other languages would be an additional benefit 
• Ability to understand and transform complex data and produce meaningful analytics 
• Team player, able to work independently on complex matters/ projects 
• Enjoy Working in an international and diverse team 

Location: Singapore