Macquarie is a pre-eminent provider of investment, advisory and financial services in selected international markets. With the expansion of its Asian institutional equities business, Macquarie Securities (Thailand) Limited has appointed the Head of Compliance in Bangkok.
The Asian equities business involves cash equity brokerage sales, facilitation trading, execution and research, operates in ten Asian jurisdictions (including Hong Kong, Thailand, Japan and Singapore, with sales desks in Europe and the USA).
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The Compliance Manager reports directly to the Regional Head of Compliance, Asia and work closely with senior managers in the office and around the region.
The Compliance Manager works with an existing legal and compliance team with members in Hong Kong, Singapore, Japan, Taiwan, Korea, Malaysia, Indonesia and Australia.
This is a challenging, valued and visible role, with compliance responsibilities for Macquarie’s institutional equities, research and investment banking business in Thailand.
The Compliance Manager will base in Bangkok, Thailand and must have experience gained within investment banking, legal or regulatory environment, a sound understanding of financial markets and the ability to maintain and enhance productive relationships with staff and regulators. Personal characteristics include:
- Take on a diverse product range, to leverage personal experience and skills into new areas and to gain / update knowledge in financial / capital markets and regulatory requirements;
- Outstanding communication skills (spoken and written English is important);
- Working knowledge of Thai financial / capital markets laws, rules and regulations, and products;
- Stalwart personality, highly self motivated with the ability to ensure good compliance culture is maintained;
- Ability to work independently, determine priorities, meet deadlines both internally and externally and report to the Regional Head of Compliance, Asia.
Working closely with business, support divisions and Compliance / Risk Management Group (RMG) Team in Hong Kong, Singapore and Sydney, the Compliance Manager is responsible for compliance management for the business in Thailand, including:
- Dealing with day-to-day compliance issues as they arise in connection with the business;
- Providing management, front office and support staff with advice and assistance on compliance issues, rules and regulations including Macquarie’s policies and procedures;
- Reviewing proposals for new business activities and liaising with other Macquarie businesses / RMG Team to ensure all applicable regulatory requirements and Macquarie compliance policy requirements will continue to be met;
- Developing and implementing policies, procedures and processes to allow the business to comply with applicable laws, rules and policies and commitments to regulators including internal policies and procedures;
- Maintaining policies and procedures and delivering appropriate induction and continuing training and advice to maintain awareness of:
- Rules, licences, authorisations and approvals governing the scope and limitations of permitted business activities;
- Rules and policies governing the conduct of those permitted businesses activities;
- Regulatory reporting requirements;
- Rules and policies governing common compliance issues such as obligations of confidence, privacy, Chinese wall maintenance and personal dealing (staff trades);
- Monitoring, testing and reviewing compliance exception reporting (e.g. error reports) to ensure regulatory requirements and Macquarie compliance policies are being followed;
- Monitoring personal account dealing of staff and compliance with Chinese walls;
- Monitoring changes in applicable regulations, rules and regulatory interpretations to ensure ongoing compliance by and minimisation of regulatory risk for the business and report to / inform relevant persons including business heads and the Regional Head of Compliance of new regulations / regulatory changes;
- Managing and maintaining productive relationships with regulators through involvement in all material regulatory contact, meetings and training concerning the business and rules and regulations. It is important that co-operation / assistance to regulators must be provided as and when required;
- Preparing monthly exception and regulatory audit reporting, compliance monitoring program (CMP) and quarterly activity reporting to the Board, relevant authorized persons, management in Hong Kong, Singapore and Sydney