Our client is seeking a detail-oriented and proactive Compliance Officer to join their management team. You will be responsible for ensuring that the REIT and its Manager, and the Business Trust and its Trustee-Manager adhere to all regulatory requirements set by the Monetary Authority of Singapore (MAS), the Singapore Exchange (SGX), and other relevant authorities.
You will navigate the intersection of complex real estate transactions and the operational nuances of hotel management across multiple jurisdictions.
Key Responsibilities:
- Regulatory Oversight: Ensure compliance with the Securities and Futures Act (SFA), Securities and Futures Regulations, the Code on Collective Investment Schemes (Property Funds Appendix), Business Trusts Act (BTA), Business Trust Regulations, and SGX Listing Rules.
- Licensing & Reporting: Manage the Capital Markets Services (CMS) License requirements and handle all regulatory filings, including representative notifications and annual returns.
- Policy Development: Draft, implement, and update internal compliance manuals, including Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and Personal Data Protection Act (PDPA) policies.
- Conflict Management: Monitor and manage Interested Person Transactions (IPTs) and ensure proper disclosure and benchmarking for hospitality-related service agreements.
- Advisory: Act as the primary point of contact for the Board and business units regarding the regulatory impact of new acquisitions, divestments, or hospitality management contracts.
- Cross-Border Regulatory Alignment: Monitor and ensure compliance with local property laws and hotel licensing requirements in ASEAN (e.g., Hotel Act) and various European jurisdictions (e.g., GDPR, local tax residency rules).
- Foreign Investment Limits: Ensure the REIT adheres to Foreign Business Act (FBA) and specific land ownership restrictions applicable to foreign-managed assets.
- International AML/CFT Standards: Align internal controls with the EU Anti-Money Laundering Directives (AMLD6) and Thailand's Anti-Money Laundering Office (AMLO) requirements to prevent illicit fund flows through international operations.
- Global Data Privacy Management: Oversee a robust data protection framework that bridges the gap between Singapore’s PDPA, the EU’s GDPR, especially concerning guest data shared between hotel operators and the REIT Manager.
- Master Lease & Management Oversight: Review and monitor compliance for Master Lease Agreements common in Europe and Hotel Management Agreements (HMAs) to ensure transparency in fee structures and "Interested Person" considerations.
- Tax Compliance Coordination: Work with tax advisors to ensure compliance with Base Erosion and Profit Shifting (BEPS) pillars and local VAT/GST requirements for hospitality services in Europe, Malaysia, Indonesia, and Thailand.
- ESG & Sustainability Reporting: Manage disclosures related to the EU Taxonomy and the Sustainable Finance Disclosure Regulation (SFDR) for European assets, integrating these into the REIT’s annual Sustainability Report in Singapore.
- Training: Conduct regular compliance training for staff to foster a culture of integrity and awareness.
- Audit Coordination: Liaise with internal and external auditors during compliance reviews and implement any necessary remedial actions.
Key Requirements:
- Bachelor’s Degree in Law, Finance, Accountancy, or a related field.
- 2–5 years of compliance experience within a MAS-regulated entity
preferred.
- Strong understanding of the SFA, FBA, BTA, Securities and Futures Regulations, Business Trust Regulations, Code on Collective Investment Schemes (Property Funds Appendix), and SGX-ST Listing Manual.
If you feel this role suits you or anyone else, please reach out to Asher Tan at asher.tan@annexion-partners.com or +65 6432 8315
Asher Tan
Reg No: R1988776
EA License No: 20S0075
