Senior Executive, Advisory & Governance, Regulatory Compliance Department

Job Purpose:

  1. Responsible to assist the Section Head of Regulatory & Governance in monitoring the Bank's activities related to the relevant regulatory, statutory and guidelines to ensure that all activities comply with the laws, regulations, rules, standards and codes of conduct.
  2. Lead, advise and guide on conduct risk and compliance across the business, to ensure regulatory compliance.
  3. Develop solutions to address regulatory challenges faced by the bank in regulatory compliance matters including impact assessments.
  4. Maintain vigilance over developmeected divisions/departments
  5. Ensure developments to relevant regulations are effectively communicated to key business stakeholders in a timely manner.

Principal Accountabilities:

  • Review, identify, update & disseminate new regulations or new developments of regulatory requirements to stakeholders (within TAT).
  • Supervise the issuance of Regulatory Compliance Checklist (RCC).
  • Attend to stakeholder’s queries/requests and provide advice and guidance and insight to stakeholders based on new/emerging compliance requirements and industry standard. Consult and guide the stakeholders in establishment of controls to mitigate compliance risk.
  • Oversee the development, implementation, and administration of the relevant stakeholders with regards to compliance with new or enhanced regulatory requirements (updates of Master Tracker & Impact Assessment).
  • Supervise the monitoring and tracking of regulatory & management reporting.
  • Provide timely response with regards to requests or queries from regulators (BNM, AIBIM, ADFIM etc).
  • Act as Liaison Officer between the Bank and regulators.
  • Undertake Department’s initiative tasked by Section Head and actively involved in the initiative engagements, with regards to enhancement of Compliance operationalization (towards digitalization of processes).

Qualifications & Requirements:

  • At least 5 years of relevant experience in banking and or relevant banking / financial environment with at least 3 years’ experience in regulatory compliance or similar.
  • Degree in Law/Banking/Finance/Accounting or any related field.
  • Certified compliance professional is an advantage.
  • Good understanding of regulatory compliance requirements and best practices in the financial industry.
  • Fluent and able to interpret regulations or regulatory requirements into layman terms and advice the stakeholders.
  • Excellent oral and writing skills and able to communicate effectively at all levels.
  • Fluent and able to interpret regulations or regulatory requirements into layman terms and advice the stakeholders.
  • Proven ability to multi-task and meet deadlines.
  • Proficiency in Microsoft Office (Word, Excel, and PowerPoint).
  • Exceptional analytical, investigative, and organizational skills.
  • Professional with good working ethics and integrity.
  • Ability to assess and understand risks and provide alternatives and make a decision based on the risk identified.
  • Able to work independently (with very minimal supervision).
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