A compliance professional, adept at analysing issues and processes with a focus on adding client-centric value, Daniel has experience with providing advice and outsourced compliance services to a wide range of clients (e.g., fund managers, dealer/brokers, financial advisers, insurance brokers, trust companies, and Fintech players) and establishing compliance frameworks for MAS-regulated financial institutions.
As a senior compliance manager at RHT Compliance Solutions (“RHTCS”), a dedicated financial services compliance consultancy/solutions provider in Southeast Asia, Daniel has the responsibility of leading a team of Compliance Managers, Senior Compliance Analysts, and Compliance Analysts. He is instrumental in mentoring the junior members of the team and overseeing the various services the team provides, including: outsourced compliance support, compliance advisory, licensing applications, and the drafting of manuals and policies.
In addition, Daniel has a portfolio of clients where he is responsible for interacting with and providing independent, competent, and risk-focused regulatory and anti-money laundering/countering the financing of terrorism (“AML/CFT”) advice. Daniel helps clients to implement and oversee the compliance infrastructure of the business, including its compliance framework, systems, and processes. He also provides regulatory advice or assistance on rules and regulations of regulated activities.
Over the two years that he has been at RHTCS, he has worked with large financial institutions, including global U.S. & European asset managers. He also completed a secondment to an European asset manager covering the duties of the Head of Compliance, where he had to liaise with the other Heads of Compliance in the group to drive various global policies and procedures. Daniel has also, as part of the compliance support provided, conducted compliance trainings on a range of topics include: MiFID II, AML/CFT, customer due diligence and know-your-customer processes, outsourcing, technology risk management, and on MAS regulatory requirements.
Previously from Bank of Singapore Private Limited (a wholly-owned subsidiary of OCBC Bank), Daniel spent four years as a Compliance Associate in the Anti-Money Laundering (“AML”) surveillance monitoring team. As one of the pioneers in the newly formed surveillance team, he was heavily involved in upgrading projects for the surveillance and screening systems where he provided advice and guidance to members of the project teams.
He was also pivotal in the building and setting up of the bank-wide surveillance systems, performing statistical analysis and data reconfiguration in calibrating the parameters, used for sampling and identifying potentially suspicious transactions. Serving a wide range and sometimes global clients, Daniel has had experience dealing with different regulators including the Monetary Authority of Singapore, the Japanese Financial Services Agency, the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission, the UK Financial Conduct Authority, and the Hong Kong Securities and Futures Commission. He has also spoken at seminars, roundtables, and open discussions on topics like MAS’ requirements on short selling reporting, draft regulations pursuant to the Securities and Futures Act, proposed framework for Singapore variable capital companies, regulatory regime for managers of venture capital funds, changes to the notification requirements in relation to representatives serving only non-retail customers, and on outsourcing risk management.
Daniel holds a Bachelor of Engineering degree from the National University of Singapore.