SMBC Nikko Securities (Singapore) Pte. Ltd. is the Singapore-based securities and investment banking subsidiary of SMBC Nikko Securities Inc., which is part of Sumitomo Mitsui Financial Group (SMFG), one of Japan's largest financial groups. The Singapore office serves as a regional hub for institutional and corporate clients across Asia-Pacific.
Job Purpose
The job purpose of Wholesale Compliance is to ensure the organisation's wholesale business operations, working closely with the compliance teams in SMBC and the regions, adhere to all relevant regulations and internal policies, mitigating risk and promoting long-term business stability.
Job Responsibilities
Principle role is to support Compliance Department in :-
- Compliance KYC lead to perform, assist with and also provide guidance to other AML/KYC team members on Customer due diligence for onboarding, periodic review of client accounts. Managing the review and update of AML/CFT/Sanctions related policies and procedures and MAS SFA04-N02 requirements. Review and dispositioning of daily name screening alerts with adequate justification and appropriate escalation
- Experience in Control Room matters playing a central role in safeguarding the integrity of business operations, working closely with the team and leading all aspects of control room activity, managing the timely registration, maintenance of watchlists and restricted lists, wall-crossing, protection and reconciliation of sensitive, confidential and material non-public information, conflicts of interests, and aggregation of information as appropriate by working closely with Head office control room team and regional team members.
- Work with the Team to review, approve, and monitor employees requests relating to personal account trading, gifts and entertainment, and outside business activities. Coordinate and execute the annual attestation and review processes associated with the afore-mentioned compliance policies, as well as review and update the relevant compliance procedures in the Compliance Manual.
- Prepare responses to surveys and inquiries from regulatory bodies and regulatory reporting to various stakeholders including parent company and affiliates and compliance monitoring checks as they relate to the Compliance.
- Assist on internal and external audit and reviews as required from a Compliance perspective
- Implementing the Compliance Monitoring Plan on a Quarterly basis and ensuring the robustness of the same
- Provide constructive advice and proposals to Business and Management in order to improve effectiveness and efficiency of business from the perspective of Compliance and activate those practically.
- Support Nikko Singapore Head, Legal and Compliance to establish/enhance Compliance framework and execute firm wide Compliance programs
- Review existing workflows and update, draft and develop and/or implement or review policies and procedures
- Assist in all matters as requested from time to time.
Job Requirements
- Bachelor's degree or equivalent
- At least 10-15 years experience in compliance, legal or other controls related function in the financial services industry
- Highly motivated team player
- Strong analytical, communication, presentation and people skills, ability to influence and collaborate with people across different cultures and backgrounds
- Adaptable, resilient and passionate about making a difference
Key Competencies
- Strong understanding of wholesale banking and markets products and services as well as AML KYC requirements
- Knowledge and expertise in the design and implementation of compliance programmes
- True team player who can work with colleague across regions and entities with group-wide perspectives
- Ability to assess complex issues, understand and analyze root cause(s) and potential solutions, and drive resolution
- Subject matter expert, experience dealing with complex issues, project-management, forward-looking, solutions-oriented, ability to be hands-on
