Job ref no.: 240787905-WD29714
DBS Bank Ltd

VP, Specialist, Business Compliance, Consumer Banking and Wealth Mgmt

DBS Bank Ltd

Business Function


Group Legal, Compliance & Secretariat ensures that the bank's interests are protected by zealously guarding and enhancing its reputation and capital. We also work to maintain a good standing with all our regulators, customers, and business partners. Because we believe that at the heart of business banking is to uphold the values of trust and integrity for all our stakeholders.


Responsibilities


  • Provide prompt, sound and consistent compliance advice, interpretation and recommendation on regulations and policies as well as new products and other business initiatives to CBG and Wealth (CBG&WM)

  • To work closely with Business Units and other compliance teams to establish and implement appropriate compliance policies and procedures particular

  • To handle compliance and regulatory assignments such as complaint handling, regulatory reporting and survey, regulatory examination and ad hoc projects

  • To assess training needs, develop and review training materials and conduct training for BUs

  • To act as the main conduit/ interface and foster good relations between BUs and various regulatory authorities

  • Develop, maintain and revise policies and procedures for the general operation of the business and its related activities to prevent compliance breaches, unethical, or improper conduct

  • Manage day-to-day operation of the CBG&WM’s compliance program.

  • Act as an independent review and evaluation function to ensure that compliance Issues/concerns within CBG & WM are being appropriately evaluated, investigated and resolved.

  • Monitor, and as necessary, coordinate compliance activities of other departments/ stakeholders to remain abreast of the status of all compliance activities and to identify trends for CBG/ Wealth/ DBSHK as a whole. To work closely with BUs to establish, review and update internal rules, policies and guidelines so as to formulate proper internal control procedures and meet best practice regulatory and industry standards

  • Collaborate with other departments (e.g., Risk Management, Internal Audit, HR and operations) to direct compliance issues to appropriate existing channels for investigation and resolution

  • Respond to alleged violations of rules, regulations, policies, procedures, and internal code of Conduct by evaluating or recommending the initiation of investigative procedures.

  • Assist in the Identifying of potential areas of compliance vulnerability and risk for CBG and Wealth; develops/implements corrective action plans for resolution of problematic issues, and provides general guidance on how to avoid or deal with similar situations in the future.

  • Provide reports on a regular basis, and as directed or requested, to keep senior management informed of the operation and progress of compliance efforts/ tasks and meetings etc

  • Ensure proper reporting of violations or potential violations to duly authorized enforcement agencies (i.e.HKMA, SFC, PCO etc) as appropriate and/or required

  • Institute and maintain an effective compliance communication program for the CBG & WM. To work with other compliance teams and BUs to develop and implement compliance monitoring programs

  • Work with the Human Resources Department and other stakeholders as appropriate to develop an effective compliance training program, including appropriate introductory training for new employees as well as ongoing training for all employees and manager

Requirements


  • A degree in Law, Finance, Accountancy, or related disciplines, or possession of legal or accountancy professional qualifications

  • Minimum 5 years’ experience in:-
    • compliance / legal or audit department of a bank or authorized / licensed financial institution; or

    • a local or overseas banking or relevant financial supervisory body; or

    • a professional legal or audit / accountancy firm with banking or financial services compliance / regulatory advisory experience.

  • Good exposure on regulatory dealing is a must.Ability to obtain valuable market practices from peers is a plus. Presentation to management as required to facilitate the making of informed decision(s).

  • In-depth knowledge of banking and financial sector laws and regulations, compliance best practices and understanding of financial products and operating business, in particular those relating to Consumer Banking

  • Ability to understand the business, analyze issues and formulate appropriate recommendations

  • Ability to develop a rapport within CBG &WM but maintaining independence.

  • Ability to effectively communicate with management and front-line staff to drive compliance initiatives and other relevant process changes / projects


Apply Now


We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.


We regret only shortlisted candidates will be notified.


More job information
Job ref no. 240787905-WD29714
Job Function
Industry
Employment Term
  • Full-time
Experience
  • 5 years - 18 years
Career Level
  • Middle management level
Education
  • Degree