Head of Global Compliance Testing (APAC)

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CLIENT

A leading global financial institution.

JOB DESCRIPTION

Global Compliance Testing (GCT) forms part of Global Compliance and Corporate Risk function and is entrusted with testing Northern Trust’s compliance with its regulatory obligations in the locations we operate. The GCT function works closely with in-country and subject matter compliance, ensuring appropriate and consistent application of the GCT program.

• Overall responsibility for the APAC GCT program for financial services regulated entities within the APAC region, ensuring targeted testing of compliance with regulatory obligations, with input from local and subject matter compliance partners
• Develop and implement an independent APAC GCT program in coordination with the global GCT team and regional compliance functions
• Determine the annual APAC GCT plan, including the scheduling, scope and test steps of each review, considering both global and regional requirements as well as local policies and regulations
• Conduct and document GCT testing within the region and identify gaps or areas for control enhancement within the first and second lines of defense
• Manage a single contributor who will assist with all aspects of the APAC GCT program, ensuring proper quality of work as well as professional and personal development
• Partner with Audit senior management, business partners and relevant compliance functions to coordinate GCT testing
• Develop strong relationships with Business Units
• On an ad hoc basis, advise senior management and business partners on applicable laws, regulations, rules, standards and best practices which may impact their business
• Provide leadership to Manila Compliance and Risk teams
• Maintain regular connectivity with global and regional GCT teams
• Work in partnership with the wider Compliance, Risk and Controls teams
• Produce and analyze GCT reports and data for internal committees and boards
• Prefer knowledge of Custody, Asset Servicing, FX, Fund Administration, Brokerage businesses as well as corporate governance such as outsourcing and bank secrecy requirements.

JOB QUALIFICATION

• Proven experience related to monitoring/testing experience including operational risk expertise
• General knowledge of bank compliance regulations is required; knowledge of specific topics such as payments, market abuse, privacy, AML, ABC, Sanctions, fraud is a plus
Understanding of APAC regional regulations (e.g., MAS, SFC, JFSA, APRA, ASIC, Korean FSC / FSS, CBIRC / PBOC) and relevant laws
• Ability to make independent decisions and also to be a team player and effective communicator to ensure that issues are appropriately resolved
• Confidence and expertise to advise management and the business
• Experience providing compliance advisory and operational support
• Ability to deal effectively with multiple competing deadlines
• Attention to detail
• 7-10 years of related experience; management experience is a plus

ACTIVE DATES
February 07,2019 – March 5, 2019

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