Description
The Global Distribution (GD) Senior Compliance and Risk Manager for APAC provides leadership, direction, and consulting to managers across APAC Distribution encompassing all investment products and institutional clients serviced.
This is a first line of defense position that is responsible for the planning, implementation and monitoring of compliance requirements and, establishing and executing programs to measure, mitigate and monitor risk to ensure that the international operations of T. Rowe Price’s APAC Distribution (the business unit) comply with relevant legislation and regulation in a multi-jurisdictional regulatory environment.
The position coordinates with resources outside of APAC Distribution to design and deliver effective compliance and risk management programs and reporting.
The position uses business experience and judgement to implement compliance and risk management goals and initiatives that support APAC Distribution’s business needs.
Responsibilities:
- Provides strategic consulting to senior managers responsible for business unit compliance and risk management, specifically responsible for first line of defense activities but will work with and provide guidance more broadly to others in supporting their teams.
- Collaboratively develops the strategic direction for APAC Distribution’s compliance and risk programs and manages the daily operations of the CRM function.
- Works with the business unit to identify areas of opportunity with both the compliance and risk programs and then execute on enhancing such programs by outlining a GD-specific action plan.
- Acts as a partner/advisor to Relationship Managers, helping them understand the do’s and don’ts in markets they cover and ensures all internal clients have a fully compliant and up-to-date program in place.
- Acts as the Compliance Coordinator for APAC Distribution and manage the day-to-day compliance activities as well as the execution of projects that support the business, meet regulatory expectations, and ensure positive outcomes.
- Manage the day-to-day risk activities as well as the execution of projects that support the business, meet regulatory expectations, and ensure positive outcomes.
- Serves as the Incident Coordinator for the APAC region, partnering with the business and other compliance and risk teams at the firm to ensure others are aware of the impact of incidents.
- Responsible for developing and maintaining policies and procedures, whether as a result of new product development, new or enhanced regulatory requirements, or new firm standards, supporting the nuances of front-line activities for the APAC region.
- Partners with Global Compliance for interpretation of new regulatory guidance and assesses the impact of new guidance on business practices.
- Develops, maintains, and communicates a compliance and risk plan for APAC Distribution to Senior Leaders in first line and APAC Compliance in second line.
- Educates Sales, Marketing, and Client Services/Operations through ongoing training and communication of compliance policies.
Requirements:
- Bachelor's degree or the equivalent combination of education and 8+ years of total relevant work experience.
- Knowledgeable on country specific rules and regulations for all APAC regions, in particular, in key markets such as China, Japan, Southeast Asia, and Australia.
- Ability to understand complex and multi-jurisdictional regulatory requirements and maintain a broad understanding of various processes across APAC.
- Knowledge of APAC regulatory framework with direct relevant experience.
- Working knowledge of compliance within the investment industry including frameworks, tools, and concepts.
- Prior global asset management experience supporting institutional and intermediary clients and knowledge of Asset Management products and vehicles.
- Excellent interpersonal skills and cultural awareness.
- Able to work under pressure, produce strong / high quality results without close supervision, and make decisions with authority and confidence.
- Strong verbal and written presentational skills.
- Attention to detail.
- A team-worker who must be able to build working relationships and interact with a diverse group of internal contacts.
- Strong influencing skills, including the ability to influence across cultures at senior levels.
- Analytical skills allied with creative and critical thinking.
- Project management, change management, and facilitation capabilities.
- Excellent communication skills and ability to communicate complex concepts and issues clearly and concisely.
- Proven Leadership ability.
- Sound judgement and integrity.
- Conflict resolution skills.
- Independent thinker, driven, self-starter, proactive.