Compliance Officer (Rt)

Job Summary The Compliance Officer is responsible for supporting the Bank’s regulatory compliance framework and ensuring that its business activities, policies, procedures, and marketing communications comply with the requirements of the Monetary Authority of Singapore (MAS) and other applicable banking regulations. The role provides regulatory advice to business and support functions, assesses the impact of new or revised regulations, conducts compliance reviews, and supports regulatory reporting and compliance-related projects. The successful candidate will work closely with management, internal departments, and Head Office to strengthen compliance governance and promote an effective compliance culture across the Bank. Key Responsibilities 1.Regulatory Advisory Provide timely and practical regulatory advice on MAS requirements and other applicable banking regulations. Advise business and support teams on regulatory obligations, compliance risks, and appropriate control measures. Interpret regulatory requirements and explain their implications to relevant stakeholders. Support management and business units in addressing regulatory and compliance-related queries. 2.Regulatory Change Management and Gap Analysis Monitor new and revised MAS regulations, notices, guidelines, circulars, and consultation papers. Conduct gap analyses to assess the impact of regulatory changes on the Bank’s operations, policies, procedures, systems, and controls. Identify areas of non-compliance or control weaknesses and recommend appropriate remediation actions. Track the implementation of regulatory changes and ensure that identified gaps are addressed within the required timelines. 3.Compliance Policies and Procedures Maintain, review, and update policies and procedures managed by the Compliance team. Review policies and procedures submitted by business units, support functions, and Head Office from a Singapore regulatory perspective. Ensure that internal policies remain aligned with MAS requirements, local laws, Head Office standards, and the Bank’s risk appetite. Recommend enhancements to strengthen compliance controls and governance processes. 4. Review of Marketing and Business Materials Review marketing materials, client communications, product materials, and promotional content from a regulatory compliance perspective. Ensure that marketing materials are clear, fair, accurate, and not misleading. Assess whether appropriate regulatory disclosures, disclaimers, and risk statements have been included. Work with business and marketing teams to address regulatory concerns before materials are issued. 5.Compliance Monitoring and Review Design and conduct risk-based compliance reviews to assess adherence to regulatory requirements and internal policies. Evaluate the effectiveness of compliance controls, processes, and operational practices. Document review findings and recommend corrective or preventive actions. Monitor the progress of remediation actions and escalate significant issues to the Compliance Team Head or management. 6.Representative Notification Framework Advisory Review and provide advisory support on matters relating to the Representative Notification Framework, or RNF. Assess the regulatory status, appointment, cessation, and notification requirements of representatives. Support the submission and maintenance of accurate RNF information with MAS. Advise Human Resources, business units, and management on RNF-related requirements and regulatory obligations. 7.Compliance Reporting Prepare periodic compliance reports for Head Office, local management, and relevant governance committees. Report key regulatory developments, compliance risks, monitoring results, breaches, incidents, and remediation progress. Ensure that reports are accurate, complete, and submitted within the required timelines. Support management reporting and regulatory governance discussions where required. 8.Regulatory Updates and Communication Monitor regulatory developments issued by MAS and other relevant authorities. Analyse and disseminate regulatory updates to management, relevant business units, support teams, and Head Office. Highlight the potential impact of regulatory changes and recommend appropriate follow-up actions. Maintain records of regulatory updates and related implementation activities. 9.Regulatory and Business Projects Participate in or support regulatory, operational, product, system, and business projects involving the Compliance tea…