Compliance Consultant

Company Description

Fund services | Corporate | Capital markets | Private client | Regulatory & Compliance

We help clients succeed by unlocking new value through expertise, trust and scale. We deliver solutions that solve complex challenges faced by asset managers, financial institutions, corporates, high net-worth individuals and family offices.

We’re a trusted partner to over 8,000 clients globally. We are proud to have long-lasting partnerships with our clients. With more than 1,800 colleagues, we operate across 20+ countries, our scale enables us to support our clients globally and locally, providing a seamless client experience across borders and service lines.

Job Description

Purpose of the role

We are looking for a Consultant/ Senior Consultant to join our thriving Singapore Practice to deliver high quality, specialist advice to our MAS-licenced clients that are licenced under the Securities and Futures Act.

The successful candidate will also participate in marketing and business development to help ensure that the team maintains a sufficient pipeline of client work, as well as assist with technical research and producing technical materials.

The Singapore Practice supports clients through the entire regulatory cycle – obtaining the appropriate licence, putting in place fit-for-purpose, commercially-minded Compliance Frameworks, meeting the ongoing expectations of the MAS, delivering internal (and other regulatory) audits and compliance monitoring, and implementing regulatory change projects.

The successful candidate will provide support to our clients that are Capital Market Intermediaries.  Where their key experience is in one particular sector, they will likely continue to focus on that sector, but will be strongly encouraged to also adapt their skills and knowledge so that they can help support clients that operate in other CMI sectors.

Main Responsibilities

Client Delivery

• Provide advice and support to clients on a wide range of regulatory compliance matters, which may include:
  • drafting policies and procedures
  • writing training material and delivering training sessions
  • liaising with the MAS on behalf of clients
  • assisting our clients to obtain a MAS licence
  • compiling and submitting regulatory returns and filings
  • preparing comprehensive reports
  • supporting projects with multiple workstreams, such as internal audits
  • responding to ad hoc and routine regulatory queries
• Work towards acting as the main point of contact and relationship manager for a portfolio of clients. This may include:
  • responding to all queries, managing client expectations and (where necessary) seeking others’ input into delivery of work
  • ensuring accurate invoicing, timely payment and assisting the Billing Team in resolving any queries
• Working with Line Manager and the rest of the team to ensure that you meet and exceed the agreed client utilisation targets and have a sufficient pipeline of client work
• Partner with global sector teams to support and deliver on shared projects and responsibilities, where required
• Adhere to Bovill Newgate’s Quality Assurance Framework prior to submission of deliverables to the client
• Accurately record all client time in the CRM system
• Ensure all client files are in good order and details of relevant contacts are updated in the CRM system

Business Development

• Build and maintain professional working relationships with clients, other service providers in Singapore’s financial services industry (e.g. fund administrators), trade associations, and the MAS
• Actively seek to increase Bovill Newgate’s pipeline by leveraging existing client relationships to maximise opportunities for up-selling and cross-selling, targeting new clients, and fostering relationships with other service providers
• Prepare well-presented, commercially-minded proposals and present these to prospective clients if needed
• Represent Bovill Newgate at industry events, promoting our brand
• Participate in internal events and training sessions
• Write articles on regulatory topics for the website and social media, and prepare marketing material
• Record all touch-points, leads, opportunities and proposals in the CRM system

Regulatory knowledge

• Keep abreast of regulatory developments and understand how client activities may be impacted
• Develop a thorough understanding of clients’ businesses and requirements so you can provide relevant and accurate advice
• Help further develop Bovill Newgate’s technical capacity by:
  • contributing to internal training initiatives and sharing knowledge across the firm
  • attending relevant training sessions and industry events

#LI-AM1

#LI-Hybrid

Qualifications

Knowledge, Skills & Experience

• At least 5 years’ compliance experience in-house (Capital Market Intermediary), at another professional services company, and / or at the MAS is crucial
• Demonstrate deep understanding of the business issues in the either the Asset Management or broker sectors, as well as the key regulatory challenges faced
• A strong technical understanding of the aspects of the MAS rules and regulations applying to CMIs, and of the regulatory pipeline, is critical
• Knowledge of wider regional or global requirements would be advantageous
• An appetite to keep learning
• Experience in managing client/stakeholder relationships
• Strong technical knowledge of at least one sector that falls under the auspices of the SFA
• Experience translating regulatory rules and guidance into meaningful, fit-for-purpose, pragmatic and commercial solutions
• Proven track record of exceeding financial goals; consulting experience would be advantageous
• Ability to speak Mandarin would be beneficial

Competencies

• Willingness to be hands-on and to tackle a broad range of matters outside main areas of expertise
• Entrepreneurial mind-set and ‘can do’ attitude

Additional Information

Our Values

All staff are expected to embody our core values that underpin everything that we do and that reflect the skills and behaviours we all need to be successful.  These are:

• We are CLIENT CENTRIC – Clients are at the centre of our world, and we’re committed to providing expertise and specialist solutions to meet their most complex challenges.
• We are AMBITIOUS – We aim high. We think and act globally, seizing every opportunity to delight our clients and support our colleagues - wherever in the world they may be.
• We are AGILE – We act on our initiative to get things done for our clients. Our independence gives us the flexibility and freedom to keep things simple, efficient and effective.
• We are COLLABORATIVE – With a curious mindset, we ask the right questions to get to the right solution, for our clients faster. We collaborate to win together and share our successes.
• We are ETHICAL – We behave with integrity at all times and assume positive intent, building trust through responsible actions and honest relationships.