Operating within the Financial Markets ('FM') Compliance team based in Singapore, the candidate will help to ensure that FM complies with, amongst others, its Best Execution obligations. The candidate will also develop, review and operate processes and controls to meet related regulatory requirements and expectations as they pertain to the FM business. Key Roles and Responsibilities
Key Roles and Responsibilities
The role will be in the FM Compliance team under the Head, Controls and Regulatory Reform, Financial Markets Compliance. The successful candidate will be required to undertake the following roles and responsibilities: Best Execution Framework - Support the implementation of Best Execution arrangements for the Financial Markets business to comply with, amongst others, FCA Best Execution rules, FINRA Rules, FCA Thematic Reviews, and MIFID requirements. - Participate in the review and development of Best Execution policies and procedures, develop and implement training programmes as required. - Support remediation program and change implementation within FM for Best Execution as well as the design and review of Compliance related controls under the Operational Risk Framework. - Take part to assurance reviews to test efficiency and adequately of the Best Execution Framework. - Support the development of MI and governance framework for Best Execution
Best Execution Second Line Monitoring - Participate in the design of the Target Operating Model for Best Execution 2nd line Monitoring. Define key characteristics/ factors to assess quality of the front office arrangements and control quality. - Perform Compliance oversight and assurance over First Line Best Execution Monitoring processes, including Hard Margin Review, Execution Venue on-going assessment and annual review, Best Execution Client Complaints Management process - Review Alerts triggered through the Best Execution Monitoring Framework, including Hard Margin Review of justification/ rational. - Challenge, when relevant, the appropriateness and quality of justification by First Line of the Alerts, review evidence and escalate where appropriate - Review and monitor the timeliness of close out of the Monitoring Alerts - Perform trending analysis on the Alerts by type, location, product, Supervisor etc. to inform management action and highlight key risks and issues. - Periodically check the Banks governance processes in place around Best Execution arrangements and controls in the First Line, including escalation process, management information, supervisory responsibilities sign-off, management actions, review of procedures and methodology for controls. - Mandatory periodic review of relevant Policy and Procedure as required such as Order Execution Policy
Qualifications and Skills
The candidate is expected to have:- - knowledge of Financial Markets products, activities and associated regulatory requirements, and understanding of risks and control frameworks. - the ability to challenge and review evidence. Experience in trade surveillance would be an advantage. the ability to develop relationships with multiple stakeholders in various functions and countries, including but not limited to Sales & Trading, Legal & Compliance, Regulatory Reform, IT and Operations, Project Management and the COO Office. the ability to work independently and within a team. The candidate should have a desire to deliver results, be self-motivated and self-reliant with a genuine desire to get things done. - excellent written English - Good knowledge of MS Excel, MS Word, and MS PowerPoint skills.
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Diversity and Inclusion
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