Compliance Specialist

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Date: May 9, 2019

Location: Singapore, SG

Company: Capital Group

Location: SIO 
City: Singapore 

 

Come grow with us

At Capital Group, how we work is defined by shared values that include absolute integrity, respect and collaboration. But it’s more than that. It’s smart and highly driven people united in purpose to serve our investors and one another.

Bring your energy and unique perspective to Capital and you’ll have the opportunity to grow with us professionally, personally, and financially. You’ll be part of a team that genuinely cares about helping you succeed. You’ll work alongside talented colleagues, many of whom build long careers while progressing through multiple roles, establishing lifelong friendships and making a difference in our communities. In return for your contributions, you’ll receive premier compensation and benefits, and a company-funded retirement plan that ranks among the most generous.

The ideal candidate for the open position in the Asia Pacific Legal & Compliance team will have a university qualification, be a highly organized, independent contributor with the ability to interact at all levels of the business on projects with tight deadlines. Candidates should demonstrate strong verbal and written communication skills and close attention to detail. At least five years’ prior experience in activities of a global or regional cross-border nature in the financial industry is considered crucial, and some Compliance experience in the financial industry will be highly regarded.  Chinese-language spoken and written skills will also be highly regarded.

 

Responsibilities

 

The role will cover Legal and Compliance tasks with a reporting line to the Regional Compliance Manager located in our Singapore office, including the following:

 

Cross-Border Marketing:

  • Support and provide assistance to the Asian sales team in the implementation of the available marketing materials to support prospects and clients.
  • Assist in giving guidance to the sales team on any questions they might have to accomplish their role in compliance with the rules in each Asian jurisdiction where CG’s Lux UCITS funds (“Funds”) are promoted.
  • Research and maintain guidance on cross-border marketing risks and best practice (travel and communication) for the Sales team and the Marketing team to use as a reference.
  • Review and validate client and prospect communication against local regulations in various Asian countries, both where the Funds are registered and not registered for public offering.

 

Marketing document Review:

  • Provide the compliance review of the financial promotions and other material, including website content, created by the Marketing & Communications.
  • Ensure compliance with local conduct of business rules, CG policies and Fund messaging.
  • Assist in establishing/improving and documenting procedures designed to promote best practice for the approval of marketing material for use in Asian locations.
  • Assist in updating guidance provided to the Marketing teams on a regular basis.
  • Attend industry training sessions for ongoing familiarity with current regulatory thinking on financial promotions.
  • Work with the Client Relations Team to review and validate responses to RFPs received from prospects.
  • Maintain team log of marketing review requests.
  • Maintain Disclaimer Library to be used by Marketing Communications team - review with the business area on a quarterly or bi-annual basis

 

Monitoring of regulatory changes:

  • Keep a log of all regulatory changes impacting the regulated activities conducted by Capital Group offices in Asia Pacific ex-Japan
  • Work with subject matter experts in Compliance and other teams to identify necessary follow-ups.
  • Provide regular reports to Asia Pacific Legal & Compliance and Europe and North America L&C teams, where relevant.
  • Participate in the regular regulatory meetings of the ASIFMA and the HKIFA and attend other industry meetings/calls and conferences (shared with other team members).
  • Participate in the Team’s contribution to written responses to regulators’ consultations, and communication with regulators, through the various industry organisations (e.g., ASIFMA, HKIFA, ICI)

 

Compliance Monitoring Programme:

  • Carry out the compliance monitoring tasks identified in the programme and provide reporting to relevant groups.
  • Contribute to the ongoing update of the programme to align with business activities and regulatory changes.

 

Miscellaneous:

  • New client classification / onboarding – collection and analysis of KYC, AML and investment suitability documentation and the ongoing updates, including screening of prospects and clients using WorldCheck.
  • Contribute to Compliance training efforts across our Asia/Pacific offices

 

Company Overview:
Founded in 1931, Capital Group is one of the world’s largest and most trusted investment management companies and home to the American Funds. We manage more than US$1.7 trillion in assets, and our 7,500 associates make our clients their first priority every day. When we do our job right, millions of investors around the world fulfill their dreams and financial goals, from home ownership and higher education, to a comfortable retirement. Our long-term investment results and outstanding service set us apart from our competitors, while our workplace sets us apart from other employers.


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