Senior Consultant, Compliance - APAC FX

About the role

Northern Trust is hiring a Senior Consultant, Compliance to support its APAC FX business in Singapore, Australia and China. The role provides compliance advisory to the business and management partners on regulatory requirements and market best practice, and helps manage the monitoring and surveillance program for the APAC FX business.

Key responsibilities

• Assist in managing the monitoring and surveillance program for the APAC FX business.
• Represent compliance in governance forums and committees, preparing and submitting reports, data and documentation.
• Evaluate existing and proposed regulatory requirements against current processes and controls, escalating gaps and recommending procedural changes.
• Review regulatory consultation papers and guidance, and work with industry bodies such as ISDA and ASIFMA.
• Help implement regulatory changes and prepare inputs to regulatory requests and queries.
• Advise on compliance programs, laws, regulations, risks and documentation, and review the program against best practice.
• Implement and embed the global and regional compliance program, including monitoring, testing and assurance frameworks.
• Work with local compliance officers on licensing, complaints, breaches, errors and investigations, and share information with regional and global risk, compliance and control colleagues.
• Own APAC FX policies and procedures, develop and deliver compliance-related projects and training, and take responsibility for compliance use.

Required profile

• Previous FX experience, preferably in a global financial institution, with sales or trading desk advisory experience; FX derivatives knowledge is a plus.
• Knowledge of Asia FX regulations (mainly MAS) and Singaporean, Korean, Australian and Chinese law.
• Experience providing compliance advisory and operational support, including business change and new product launches.
• Strong organisational and interpersonal skills, able to work in a global team.
• Fluent English, verbal and written.
• Preferred: project management skills, experience with brokerage businesses, and a background in compliance, audit, legal or risk management.

Required skills

• Knowledge of FX derivatives regulations (e.g. trade reporting) and operational processing such as trade booking, settlement and confirmations, including ASIC derivative transaction reporting.
• Strong understanding of the MAS Cross Border Exemption framework.
• Exposure to CFTC Swap Dealer compliance requirements for FX is a plus.
• Knowledge of global market conduct guidelines (e.g. Global FX Code and MAS Blue Book) is a plus.