AVP/VP Group Legal & Compliance-Global Financial Markets

Job Duties & Responsibilities 

Provide primary legal and compliance support to the fund structuring / management business in GFM:

• Assist and advise GFM on the set up and ongoing regulatory obligations of various asset management entities, including VCCs, unit trust structures and other fund structures.
• To review and approve legal documents (including bank product and customer documentation) and to identify, advise on and manage legal and compliance risks associated with the operation of the fund structuring / management business.
• To prepare and update standard form documentation and structured product documentation (including the private product memorandum, termsheet, subscription agreement and other ancillary agreements etc.) for use by the business together with related guidance notes and other advisory materials for new and existing products.
• To ensure the relevant legal and regulatory requirements are well understood by the business and are reflected in the relevant documentation and internal procedures.
• To recommend, supervise and manage external lawyers to ensure that high quality and focused advice is received at reasonable cost and in a timely manner to appropriately protect bank’s interests.
• Review new products and other business initiatives (e.g. new business initiatives and new transaction structures) and consider the impact of relevant rules and regulations on the business and Legal & Compliance.
• To provide general legal and compliance advice, guidance and solutions on legal and regulatory issues to the business.
• Review the impact of new / amended regulations impacting the fund structuring / management business in GFM and provide advisory and implementation support to the Fund Structuring Desk, where relevant.

Provide secondary advisory legal support with respect to other sales and structuring desks in GFM:

 Provide sales and structuring desks in GFM with prompt, sound and consistent legal and regulatory advice in relation to (1) the structuring and sale of products (including funded and unfunded, OTC and cleared) in respect of all asset classes (foreign exchange, interest rates, commodities (including carbon), credit, equities and crypto) and (2) sales practices.

Key Accountabilities 

• Provide responsive, sound, coherent and consistent legal advice on legal, regulatory and contractual issues to internal clients (i.e. front, middle and back offices of the business).
• Establish, review and update internal rules, policies and guidelines to meet best practice regulatory and industry standards for the management of legal and documentary risks and compliance with regulatory requirements relevant to the fund structuring / management business.
• Keeping up-to-date on any regulatory changes and developments in Singapore and globally that have an impact on GFM (in particular on its fund structuring / management business), in order to work together with Compliance colleagues to provide more holistic advice covering both legal and compliance aspects.
• Maintain strong internal relationships, acting as a professional and value-adding partner with the business and support units.
• Embrace multi-disciplinary capabilities and expansion of skillsets, enabled by GenAI, digital tools, data and agile way of working.

Experience

At least 5-10 years of post-qualification relevant experience with a fund management company, financial institution or in private practice.

Education / Preferred Qualifications 

Qualified lawyer of UK or Singapore.

Core Competencies 

• Communication skills with ability to clearly and diplomatically articulate issues, solutions and rationales.
• Ability to think critically with good problem-solving skills; results-oriented to ensure sound implementation of controls and compliance processes/procedures.
• Ability to analyse financial markets transactions and consider the application of relevant regulations and rules.
• Team player who can work together with a varied group of legal and compliance professionals and yet self-driven and able to work independently.
• Flexibility in learning and adapting to Legal & Compliance’s new multi-disciplinary way of working

Technical Competencies 

• Expertise and experience with the establishment of funds (in particular, VCCs) and the issuance of fund products, either in-house or at a major law firm.
• Expertise and experience with derivatives and/or structured products, either in-house or at a major law firm would be preferred.
• Strong awareness of regulations/laws (e.g. MAS Notices, Banking Act, Companies Act, Securities and Futures Act, and Financial Advisers Act, VCC Act, Code of Collective Investment Schemes) in Singapore, regionally and globally.
• Comprehensive product knowledge together with good understanding of relevant financial services and investment banking activities would be helpful.

Work Relationship 

• Reporting to Senior Vice President, Group Legal & Compliance – GFM
• Collaborate and work with GFM Legal & Compliance colleagues. Working relationship with Business Units/Support Units, and other colleagues in Legal & Compliance in Singapore and overseas.
• Collaborate and work with stakeholders from GFM, in particular the Fund Structuring Desk.
• Establish and maintain good working relationship with regulators.

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