Head, Regulation & Examination at KPMG

Ref No: TFMD001
Job Description
Reporting to the MD/CEO and the Board Regulation and Supervision Committee (BRSC), the successful candidate will be responsible for the Regulation & Examination Division (RED) of FMDQ. RED drives FMDQ’s self-regulatory function. The Division will update the various membership categories, listings and quotations regulation/compliance, ensuring they meet international standards and monitor members’ activities. The Division will also report outcomes of regulatory issues in the OTC market to FMDQ Management, Board and the Regulators e.g. Securities and Exchange Commission (SEC).

Key Responsibilities
Strategic

    Oversee and monitor the implementation of the self-regulatory function of FMDQ
    Periodically review capital market regulations and build FMDQ network with global stakeholders to ensure alignment with leading market practices and other regulatory policies
    Develop, coordinate, participate in regulatory programmes and seek to ensure that Management and market participants are knowledgeable of and comply with regulatory standards and procedures
    Develop FMDQ’s members’ surveillance, examination and macro-prudential frameworks and programmes

Operational

    Draft and execute securities market surveillance rules and regulations in line with international industry best practices
    Implement written policies and standards of conduct within the OTC market
    Participate in the meetings of the 8RSC as constituted by the Board of Directors
    Engage the market with impending changes to FMDQ Rules, as well as notify market participants of changes made
    Develop effective lines of communication with market participants, various industry committees, trade associations, financial services regulators and international bodies like International Organisation of Securities Commission (IOSCO). Financial Industry Regulatory Authority (FINRA), European Securities and Markets 4ithority (ESMA) etc.
    Enforce standards through well publicised disciplinary guidelines and develop policies on sanctioned market participants
    Respond promptly to detected offences, developing corrective action and reporting findings to the relevant regulatory authorities via established channels
    Maintain documentation of regulatory activities, such as complaints received or investigative outcomes
    Handle alt regulatory reporting issues and ensure effective record keeping
    Conduct or direct the internal investigation of dispute issues and refer to the appropriate committee for follow-up
    Identify issues that require follow-up and/or investigation
    Report violations of compliance or regulatory standards to the MD/CEO and the BRSC as appropriate

Qualifications and Experience
    First degree in law or business related major e.g. economics, accounting, finance, and business administration or any other relevant field
    Postgraduate degree or relevant professional qualification will be desirable
    Twelve (12) to fifteen (15) years’ of financial services experience in securities exchange, capital market regulatory function, or financial services preferably in capital market-related regulatory compliance
    Advanced knowledge of local and international regulations (IOSCO, FINRA, ESMA, Basel, Markets in Financial Instruments Directive - MiFID etc.) and laws relating to financial markets and self-regulatory agencies

Competency and Skills Requirement
    Strong knowledge of regulatory governance, fiscal accountability, project management and relationship management
    Sound negotiation and conflict resolution competencies as well as deep skills in business performance monitoring
    Strong leadership and interpersonal skills with an excellent ability to effectively manage and communicate at all levels in the organisation
    The incumbent for the job must possess good multitasking skills, must be driven and demonstrate sound business ethics
    The incumbent for the job must demonstrate keen attention to details, possess organisational/managerial savvy and must have integrity