Chief Compliance Officer, Singapore
DriveWealth
DriveWealth is a global B2B financial technology organization dedicated to democratizing access to financial independence around the world. Our mission is realized through an API-based platform, empowering our partners to offer seamless investing and trading experiences to clients worldwide, all from their mobile devices.
Our technology provides partners with a modern, extensible toolkit, enabling traditional investment workflows and innovative techniques like fractional share ownership. DriveWealth has evolved into a global platform offering trading of US equities, mutual funds, ETFs, fixed income, and options.
We seek enthusiastic professionals to contribute diverse perspectives and experiences to our Brokerage-as-a-Service platform. Our culture blends the pace and opportunity of a tech start-up with the impact, stability, and significance of Wall Street. We encourage creativity and experimentation while ensuring institutional-grade execution and regulatory compliance in everything we do. We value diversity and inclusion, celebrating the unique differences of our employees as we scale and grow together. We’re guided by operating principles grounded in accountability, teamwork, integrity, and solutions built to scale. Join us!
About The Role
As Chief Compliance Officer, you will lead and manage the Singapore compliance function, oversee the development and implementation of compliance programs, monitor regulatory changes, and guide cross-functional teams in a fast-paced environment. You'll be responsible for ensuring compliance with MAS along with all applicable laws, regulations, and policies.
What You’ll Do
- Oversee the Singapore compliance functions of a MAS Capital Markets licensee that will conduct business with Singapore institutional clients
- Identify and apply options for efficiencies in Singapore compliance operations
- Ensure compliance with MAS and relevant regulatory requirements
- Direct the governance, development, delivery and maintenance of best-in-class compliance programs, policies, processes and practices (which includes the provision of local training). This includes undertaking an annual enterprise-wide risk assessment for presentation to DriveWealth Singapore’s board and other senior leaders
- Handle all enquiries from the MAS (including MAS reporting), and respond to audits and regulatory assessments and own the remediation of any identified issues
- Participate as a guest at quarterly board meetings, providing compliance insights, new compliance initiatives and regulatory developments within Singapore
- Actively participate in new business initiatives, and changes to the products and services offered
- Partner with the relevant business, compliance and legal teams across DriveWealth to drive growth, in compliance with regulatory requirements
- Assume responsibility for DriveWealth Singapore’s Qualified Intermediary reporting requirements
- Discharge duties as the responsible Anti Money Laundering Officer
What You’ll Need
- University degree relevant to business or finance
- 7-10 years of experience in a financial institution, including 2–3 years in a senior role, with coverage of corporate governance, anti-money laundering, securities compliance, market misconduct, risk assessment and data protection topics
- Experience in dealing with the regulator, including previous involvement with regulatory inspections
- A solid working experience with Singapore’s Securities and Futures Act (and associated regulations, notices and guidelines)
- Excellent spoken and written English
- Experience as a supervisor, preferably including cross-border/remote teams
- Strong project management, organizational and communication skills with the ability to work independently, handle multiple projects and availability to take calls and meeting appointments outside local working hours
- Professional certifications like CAMS and CIPP, and experience with Tax relevant matters like Qualified Intermediary, FATCA and CRS will be advantageous
- Familiarity with equities, options, fixed income, mutual funds; knowledge of relevant regulations as they apply to order routing, execution services, and electronic reporting.
- Ability to read and interpret regulations, and implement changes, particularly as it relates to broker-dealer compliance
Benefits
- Competitive medical, dental, and vision insurance options
- Mental Health and family planning services
- Unlimited paid time off with ten observed holidays
- 16 weeks of paid parental leave for biological and adoptive parents
- Pre-tax commuter benefits
- $2,500 each year to invest in continued education and personal development
- $75 a month in fitness and wellness reimbursement
- Company-provided phone
- Hybrid work experience that allows for flexibility
- For in-office employees, a daily lunch stipend, unlimited snacks, and engaging office space in the Financial District
The benefits outlined above are for US based employees, benefit offerings vary based on location.
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
TO ALL AGENCIES: Please, no phone calls or emails to any employee of DriveWealth outside of the Talent organization. DriveWealth’s policy is to only accept resumes from agencies via Greenhouse (ATS). Agencies must have a valid services agreement executed and must have been assigned by the Talent team to a specific requisition. Any resume submitted outside of this process will be deemed the sole property of DriveWealth. In the event a candidate submitted outside of this policy is hired, no fee or payment will be paid.