Senior Associate - Compliance Solutions

About Waystone

Waystone is a leading provider of institutional governance, administration, risk and compliance services to the asset management industry. Partnering with institutional investors, investment funds and asset managers, Waystone builds, supports and protects investment structures and strategies worldwide.

With over 20 years’ experience and a comprehensive range of specialist services to its name, Waystone provides its clients with the guidance and tools to allow them to focus on managing their investment goals with confidence.

Summary: The Senior Associate within the Waystone Compliance Solutions Services function will be responsible for the delivery of services to a diverse portfolio of external clients and development of the compliance framework across the business. As part of the Compliance Solutions Services team, they will be expected to exceed clients’ compliance needs such as license application, provision of ongoing compliance support, internal audits, ad hoc projects such as gap analysis and training. The minimum expectation of the role is as set out below.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Ensure client files and corporate records are maintained and updated appropriately.
• Manage all assigned portfolio of clients diligently, in line with services engagement scope and deliverables.
• Assist in providing day-to-day support in the development, implementation, and maintenance of clients’ compliance programs.
• Assist in development and implementation of compliance policies and procedures – ensure compliance policies and procedures are effectively communicated to clients in accordance with the Firm’s regulatory requirements.
• Assist in continuously monitor relevant regulatory changes and assist clients in developing internal controls, accordingly.
• Assist to communicate and liaise with MAS and other regulatory body.
• Lead projects, as they arise, ensuring proper delivery of such projects.
• Liaise professionally and effectively with management and senior staff.
• Advise clients on compliance and statutory requirements of various acts including Securities and Futures Act, Payment Services Act, Financial Advisers Act, and corresponding subsidiary legislations.
• Maintain high standards of adherence to internal controls and service level standings set up.
• Display a good understanding of the financial regulatory sector in Singapore especially the fund management sector, Payment Services sector, assist with regulatory filing requirements and keep abreast of all regulatory changes.
• Independently liaise in a timely and professional manner with clients and other stakeholders such as external auditors and fund administrators.
• Maintain and client records appropriately as per internal policies and procedures.
• Identify opportunities for cross-selling products.
• Display keen attention to detail and excellent communication skills.
• Be able/willing to take on additional duties as and when required.
• Follow current Waystone policies and procedures as set out in the Employee Handbook and/or develop additional policies as needed for jurisdiction specific.
• Attend and assist to contribute to events such as networking events, seminars, organized by Waystone to aid Waystone brand building and as part of business development efforts.
• Attend external trainings and courses to continue gaining professional knowledge.

Experience:

• Minimum of 3 to 4 years’ experience in financial regulatory compliance in Singapore.
• Good understanding of the Singapore financial sector especially in the fund management, payment services, insurance broking or financial advisory.
• Exposure to Singapore regulatory legislative framework especially the Securities and Futures Act, Financial Advisers Act and Payment Services Act.
• Highly organized, proactive and attentive individual who can undertake responsibility and priority management.
• Ability to work independently in a pressurized environment and with tight deadlines
• Fluent in English (written and spoken).
• Proficient in MS Office (Word, Excel, Outlook, and Teams).

Education:

• An internationally recognized professional qualification