Senior Manager, APAC Distribution Compliance & Risk Management

About this position

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.  This 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. The position reports to the head of GD Compliance and Risk Management (CRM) for Americas, EMEA, and APAC (AAE) and Institutional/Intermediary Privacy with a dotted line to the APAC General Manager.  The position collaborates with the GD CRM AAE extended lead team and other GD CRM teams as appropriate, and also APAC Distribution’s first line business managers and will act as the CRM point person for the head of APAC Distribution.  The position manages a variety of complex issues and requests and oversees the resolution of business issues involving compliance and risk management practices.  The position also works closely with second line assurance partners in Legal, Global Compliance, Enterprise Risk Group, Global Privacy Office, and Internal Audit to meet regulatory and firmwide objectives and mitigate compliance- and risk-related concerns.

Role Summary

• Requires specialized knowledge and expertise in the regulatory environment across the APAC region and deep experience in integrating related disciplinary knowledge of compliance and risk management practices

• Responsible for the coordination of compliance- and risk-related activities taking place in different jurisdictions in the APAC region for the first line of defense

• Leads disciplinary or cross-functional compliance and risk program for APAC Distribution; uses sophisticated analytical thought to identify innovative solutions

• Accountable for work of self and others; sets standards around which others will operate

• Works independently and proactively, with guidance in only the most complex situations

• Acts as advisor to management and key external stakeholders on broad-ranging projects

• Collaboration with colleagues across Sales, Marketing, and Client Services/Operations

Role Descriptions:

• 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, e.g., identification of risks, coordination of risk acceptances, and conducting annual risk control self-assessments (RCSAs). 

• 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 reporting, tracking and remediation efforts.   

• 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.  Responsible for executing the annual policy and procedure certification and maintenance of the firm’s policy repository. 

• Partners with Global Compliance for interpretation of new regulatory guidance and assesses the impact of new guidance on business practices, including identifying necessary action steps to maintain and achieve compliance.  Supports Global Compliance in responding to regulatory inquiries.

• Develops, maintains, and communicates a compliance and risk plan for APAC Distribution to Senior Leaders in first line and APAC Compliance in second line and, provides regular updates to the plan including accounting for any new regulatory requirements.

• Educates Sales, Marketing, and Client Services/Operations through ongoing training and communication of compliance policies to create an awareness of and embed such principles into daily routines.

• Supports regular KPI reporting to key stakeholders on Distribution’s compliance with relevant policies and procedures

• Attends industry conferences to broaden insights into regulatory and compliance requirements.

Personal Attributes / Skills / Qualifications – Required

• 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, e.g., separate accounts, SICAVs, private funds, exchange-traded funds, AUTs, ITMs, etc.

• 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

Personal Attributes / Skills / Qualifications - Preferred

• Familiarity with the regulatory and legal requirements of the other key jurisdictions, e.g., EMEA/UK, U.S.

• Knowledge of data processing operations within the financial sector

• Fluency in Japanese or Mandarin (spoken) and traditional and simplified Chinese (written) – other regional language skills would be advantageous too

• Previous exposure to US working culture and multiple time zones

• Previous work experience in Japanese asset manager

Commitment to Diversity, Equity, and Inclusion:

At T. Rowe Price, our associates are our greatest asset. We thrive because our company culture is built on inclusion and because we sustain a work environment where associates can bring their best selves to work every day. The backgrounds, talents, and experiences of our global associates allow us to embrace new ideas and perspectives that move our business priorities forward and enable us to deliver strong client outcomes. Here, you can expect equal opportunity and fair and consistent treatment for all. 

T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, colour, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.