Compliance Specialist with a Commodity Trading TMNC

• Minimum of 5 years of related experience (either compliance, trading, or risk activities).
• Experience in performing compliance Background checks in counterparties and local personnel in accordance with local market practices.
• Experience in developing elements of a Trading Surveillance control framework or similar in a Financial Services or trading company.

Our client is a commodity trading firm which has a global brand name. It is looking to recruit for an experienced yet hands-on Compliance Specialist to join its trading compliance team.

Summary

Compliance is a foundation of the way in which firm does business and therefore integrity is one of the fundamental values that we are seeking as part of the trading Compliance team.

This is a newly created role and you will be tasked to assume the compliance functions for the Sgp trading office. This role reports in to the MD (Head of Sgp office)  and to the compliance team lead in global HQ.

As the Compliance specialist in trading surveillance, you are responsible for corporate compliance activities to mitigate the risks of fraud and corruption in the trading and logistics activity, aiming to achieve the objectives defined in the annual business plan, in alignment with the firm's compliance Team.

• Conduct a process for Risk Analysis and maintain a permanent monitoring risk assessment related to trading and logistics activities.
• Analyze and coordinate activities to generate the necessary information and analysis to guide compliance interventions in trading and logistics processes.
• Disseminate a culture of integrity by providing mechanisms to guide local personnel in assertive and conscious decision-making.

Responsibilities:

• Deploy, Implement and Manage the Petrobras Anti-Corruption Program for promoting a culture of accountability, integrity, and trust, implementing policies, standards and organizational procedures, in alignment with the firm's guidelines;
• Plan, guide, coordinate and evaluate control and compliance activities, in order to mitigate risk of fraud and corruption and promote the strengthening of internal controls in trading and logistic activities
• Assist with preparing documentation and standardization, including internal control processes and managing risks in order to prevent, detect, and reduce adversity and weaknesses.
• Prepare monthly status reports for the firm's headquarters Compliance Team.
• Perform compliance Background checks in counterparties and local personnel in accordance with local market practices.
• Provide compliance advisory and trainings to personnel tailor-made to the local environment.
• Monitor trading practices and business communications to detect market abuse and non-compliance with other regulations and requirements.
• Liaise with the firm's headquarters Compliance team to evaluate and analyze market events and regulatory interventions, design and implement mitigating actions to address any possible gaps in policies or tools related to trading and logistics processes.
• Work with the firm's headquarters Compliance team to deliver improved monitoring and surveillance processes and tools.
• Act as an escalation focal point for advice and support of employees in Singapore office such as Traders and Analysts on day to day events and findings.
• Assist the firm's headquarters compliance team in analyzing information related to Compliance Monitoring & Surveillance activities (including case reports).
•  Assist traders in assessing the appropriateness of compliance tools, policies, procedures and processes on an ongoing basis.
• Conduct or support when necessary internal investigations.

Requirements:

• Minimum of 5 years of related experience (either compliance, trading, or risk activities) gained with commodity trading firms or FIs (with understanding of trading)
• Experience in performing compliance Background checks in counterparties and local personnel in accordance with local market practices.
• Experience in developing elements of a Trading Surveillance control framework or similar in a Financial Services or trading company.
• Significant experience in monitoring trading practice and business communications in a Financial Services or trading company.
• Understanding of Trading Surveillance data and models.
• Understanding of trading instruments, trading strategies, and risk concepts as well as fundamentals of exchange trade/derivative activity, including contract specification, delivery point and delivery mechanism, exchange rules including (but not limited to) position limits and block trades.
• Understanding the logistics of the physical markets, including delivery, transportation and storage and typical market activity e.g. seasonality, inventory release days and major market participants.
• Excellent analytical ability, skilled at advanced database querying to enable identification of critical information to meet decision-making needs.
• Ability to prioritize and deliver quality results within time limitation;
• Ability to translate technical details in a clear, concise and to motivate reflection in executive communications;
• Ability to communicate effectively with all levels of the organisation;
• Interpersonal communication skills highly developed;
• Experience on global integrated process management systems (SAP);
• Organizational capacity with the ability to multi-task effectively;
• Results and excellence-driven with strong sense of urgency;
• Strong analytical skills, detail-oriented, ensure accuracy and high quality results of the teams, in work involving large amounts of data;
• Strong team player who is able to work within the team whilst at the same time, able to work independently to deliver quality output.
• Excellent English language skills.
• Proficiency in written and spoken Mandarin is required due to the nature of the business needs that requires communication with Chinese-speaking counterparts.
• Specific knowledge on following standards: local and foreign anti-corruption laws and regulation requirements such as Foreign Corrupt practice Act-FCPA, UK Bribery Act.
• Knowledge on COSO and GRC Capability Model.
• University Bachelor's Degree.
• Compliance, law, audit, risk analysis or similar certificate desirable.

To apply, please send your cv in word doc to resume@cap-cg.com . Please also include details on your current salary, expected salary and notice period in your cv.

We regret to inform that only shortlisted candidates will be notified.

Posted by:
CAP Consulting (EA license: 14C7175)
Caroline Poh (EA Registration: R1105649)

Date Posted - 6 Jan 2021