Who we are looking for
The Compliance Specialist will provide compliance advisory support as the second line of defense to the Singapore office of State Street Global Advisors. The individual will be reporting to the APAC Head of Compliance and be responsible to lead the local compliance function which includes providing compliance advice to local management, assessment of applicable compliance risks, monitoring and reporting on regulatory developments, acting as liaison with local regulators, providing an independent viewpoint on Compliance Risk and escalating material matters.
Why this role is important to us
The team you will be joining is part of State Street Global Advisors, one of the world’s largest asset managers, which partners with many of the world’s largest institutions and financial intermediaries to help create better outcomes for investors and the people they serve. With over four decades of experience and trillions of dollars in assets under management, we offer one of the broadest selections of services across asset classes, risk profiles, regions and styles. As pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest. Join us if making your mark in the asset management industry from day one is a challenge you are up for.
What you will be responsible for
As the Compliance Specialist in Singapore, you will have the following general responsibilities:
- Provide ongoing compliance advisory and licensing support to local senior management and business team;
- Provide advice on and participate in new business initiatives and financial product launches, and conduct suitability reviews;
- Educate compliance and business personal on applicable compliance-related rules and regulations;
- Advise business personnel on the effectiveness of control design and implementation across business lines;
- Escalate compliance issues or concerns to the attention of senior management;
- Review marketing materials and refine the assessment process using risk-based considerations;
- Manage key projects from the initiation and planning stages through execution and completion;
- Interact with regulatory agencies and internal/external legal staff on regulatory exams, inquiries and filings;
- Support the continuous enhancement of company’s compliance monitoring program and risk assessment;
- Prepare, conduct and present annual and periodic compliance program reports/reviews to satisfy clients, regulators, and internal management requirements, where applicable; and
- Developing, implementing, and administering compliance policies and procedures.
What we value
These skills will help you succeed in this role
- Strong analytical skills and organizational skills
- Attention to detail
- Ability to work independently and collaboratively with various levels of the organization
- Demonstrated communication and interpersonal skills
- Proactive and confident in providing advice and solutions.
Education & Preferred Qualifications
- University degree preferably in Accounting, Business Administration, Finance, Law or a related discipline
- Minimum of 6-8 years' experience in the Compliance or regulatory functions at a large financial institution, preferably asset management company, or financial services regulator.
- Demonstration of sound knowledge in MAS requirements related to registered collective investment schemes, and applicable regulations for investment managers. Knowledge of rules and regulations in South East Asia a plus.
- Good knowledge of industry best compliance / regulatory practice, together with relevant fund management, dealing and distribution practices and procedures
- Ability to take ownership and initiative, to negotiate, influence and build consensus and successfully navigate within a demanding and international environment of a leading global financial institution
- Strong abilities in analytical thinking, problem solving, research, time management, and verbal and written communication
- Capable of producing high quality and/or final work product and solutions under strict regulatory or management deadlines
- Strong communication skills and able to communicate and present issues to senior management effectively.
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers
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