Senior Executive, Regulatory Compliance Department

Job Purpose:

• 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.
• Lead, advise and guide on conduct risk and compliance across the business, to ensure regulatory compliance.
• Develop solutions to address regulatory challenges faced by the bank in regulatory compliance matters including impact assessments.
• Maintain vigilance over developments in the local regulatory environment to proactively manage the potential regulatory risk exposure of affected Divisions / Departments.
• 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).