Compliance Manager - GrabInvest

Get to know our Team:

The Compliance and Government Relations team within Grab Financial Group partners closely with the business to address regulatory issues and provide interpretive guidance to ensure compliance with regional regulations across various business verticals. The team also corresponds with regional regulators and proactively identifies opportunities to deepen relationships with key government stakeholders. This is a unique and dynamic role that taps on both compliance and relationship management skills, and which employs cutting edge digital technology to protect the business.

GrabInvest is a recent business addition to Grab Financial Group’s that will offer direct to customer innovative robo-advisory fund management services and investment solutions within Grab’s ecosystem. We are incredibly excited about the opportunity ahead of us.

Get to know the Role:

• Reporting directly to the Head of Compliance for GrabInvest, with a line to the head of the Wealth business, the candidate ensure regulatory compliance with all requirements under the Securities and Futures Act, Financial Advisers Act, and applicable Anti-Money Laundering rules as applicable to a CMS license in distribution of investment.

• Develop, maintain and implement the country compliance program, including the Compliance policies and guidelines, regulatory documentation, training logs and related policies/procedures.

• Work with the Business Head and Head of Compliance in acting as principal point of contact for internal and external stakeholders in relation to all Compliance matters

• Advise various stakeholders of any implications of new/existing regulations and provide guidance on the proper and prompt implementation of procedures to comply with the requirements

• Review all product-related materials, advertising, marketing and sales promotion materials to ensure the business complies with MAS requirements

• Conduct compliance risk assessments, including enterprise wide risk assessment, customer on-boarding, reviewing and filing of suspicious transaction reports where needed.

• Work closely with operations and product teams to identify and implement enhancements in compliance processes and play a driving role to implement system changes.

• Prepare and submit periodic reports/presentations to regulatory bodies, board of directors and senior management forums.

• Coordinate closely with subject matter experts to implement risk mitigation strategies in key areas such as personal data protection, transaction monitoring, business continuity and information security.

• Development and delivery of compliance training to senior management, relevant employees and business partners including RNF requirements and maintenance.

The must haves

• 5 - 8 years relevant experience in regulatory compliance/internal audit in a financial institution.

• Experience in similar role in a financial institution that distributes unit trust and mutual funds to retail is a must.

• Strong knowledge of Securities and Futures Act and Financial Advisers Act

• Strong analytical and problem solving skills and ability to prioritize and organize work effectively and efficiently to meet aggressive targets and deadlines

• Constructive attitude and a demonstrated willingness to “get hands dirty” to effectively solve problems.

• Excellent interpersonal, written and verbal communication skills.

• Self-starter, highly motivated and goal focused.

• Experience in developing policies, procedures, and manuals.

• Experience in liaising with financial regulators, responding to regulatory inquiries and surveys and managing inspections.

• Experience in stakeholder management at all levels, particularly senior stakeholders.

• Knowledge of Singapore’s and ideally one other South-East Asian country’s fund management and distribution regulatory framework

• Comfort in managing ambiguity and operating in a hyper-growth company.

• Open to infrequent travel within South-east Asia where Grab has a presence to build similar compliance frameworks in these countries, as well as support country compliance teams when required.