Vice President - Compliance & Operations

Responsibilities

• 1.Compliance Leadership, Governance & Regulatory Oversight
• Maintain and enhance Lighthouse Canton's enterprise-wide compliance, governance and risk management framework, ensuring adherence to applicable regulatory requirements and industry best practices.
• Responsibilities include:
• Support the implementation, enhancement and ongoing effectiveness of the firm' Compliance Management Framework.
• Develop, review, implement and maintain compliance policies, procedures, standards and governance frameworks to support the firm's regulatory obligations.
• Ensure compliance controls remain aligned with applicable regulatory requirements, including MAS Acts, Notices, Guidelines and Circulars, the Securities and Futures Act, the Financial Advisers Act, AML/CFT requirements, DFSA regulations and other applicable regulatory obligations.
• Lead and support the execution of the annual Compliance Monitoring Programme, thematic reviews and compliance testing activities to assess the effectiveness of internal controls.
• Monitor regulatory developments, assess their impact on the business, and recommend appropriate policy, procedural and control enhancements.
• Prepare regulatory submissions, management reports, Board and Committee papers, compliance dashboards and other governance reporting for Senior Management and relevant governance committees.
• Coordinate and manage regulatory inspections, supervisory reviews, internal audits, external audits and regulatory enquiries, ensuring timely and effective responses.
• Lead the implementation and monitoring of remediation plans arising from regulatory findings, audit observations and compliance reviews to ensure timely closure.
• Promote strong governance, effective risk management and a culture of regulatory compliance across the Group.
• Provide strategic regulatory guidance to business stakeholders and Senior Management on emerging regulatory developments, governance matters and compliance risks.
• 2.Compliance Operations & Client Lifecycle Management
• Lead and oversee the firm's Compliance Operations function, ensuring the effective management of client lifecycle processes, including client onboarding, periodic reviews and ongoing monitoring, in accordance with internal policies, regulatory requirements and industry best practices.
• Responsibilities include:
• Lead and oversee end-to-end client onboarding processes across Wealth Management and other regulated business lines, ensuring timely, efficient and compliant execution.
• Review and approve Know Your Customer (KYC), Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) assessments, applying a risk-based approach in accordance with regulatory requirements and internal policies.
• Assess and approve higher-risk client relationships, including Politically Exposed Persons (PEPs), sanctions sensitive clients, complex ownership structures and other high-risk customer profiles.
• Review and evaluate Source of Wealth (SOW), Source of Funds (SOF), client risk classifications and other customer risk assessments to ensure appropriate risk identification and mitigation.
• Determine and approve Accredited Investor (AI) eligibility, where applicable, in accordance with applicable regulatory requirements.
• Ensure all client onboarding documentation is complete, accurate and compliant with regulatory expectations and internal standards.
• Oversee periodic client reviews, trigger event reviews and ongoing client risk reassess

Additional Information

Job Purpose The Vice President - Compliance & Operations provides strategic leadership for the firm's compliance operations while driving the continued enhancement of Lighthouse Canton's regulatory compliance, governance and risk management framework to support the organization's business objectives and regulatory obligations. The incumbent will provide strategic oversight of the firm's client lifecycle management framework, leading client onboarding, KYC, CDD, Enhanced Due Diligence (EDD), AML/CFT controls, sanctions screening, transaction monitoring, periodic reviews and ongoing client surveillance to ensure compliance with regulatory requirements, internal governance standards and industry best practices, while supporting effective risk management across the organization. Beyond overseeing day-to-day compliance operations, the Vice President partners closely with Senior Management to provide commercially balanced regulatory advice, strengthen governance and risk management frameworks, lead strategic compliance initiatives, and cultivate a strong culture of integrity, accountability and regulatory compliance throughout the organization. The incumbent is expected to exercise sound judgement and independent decision-making, proactively identify and manage regulatory risks, effectively influence business stakeholders, and ensure that Lighthouse Canton's compliance framework remains aligned with evolving regulatory expectations, industry best practices and the firm's strategic objectives.

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