Assistant Manager, Compliance Advisory, Regulatory

Req ID:  7253
Job Description: 

Summary

  • Responsible in supporting effective management of Regulatory Compliance functions which include amongst others, the end-to-end process of disseminating new regulations, reviewing the gap analysis on regulatory requirements, compliance risk assessment and assisting in compliance/ regulatory requirements project.
  • To ensure key control solutions to regulatory requirements are fully developed and implemented by BU/SU.

 

Duties and Responsibilities

  • Managing Regulations
    • Daily, to identify new regulations issued by regulators and ensure timely dissemination; within 3 business days of issuance to relevant Business Unit (BU) / Support Unit (SU).
    • To review of Regulatory Risk Assessment Form (Regulatory RAF) for newly published / updated guidelines in line with the Compliance Risk Assessment (CRA).
    • To ensure Head of Division (HOD) is apprised on new guidelines issued.
    • To document the agreed Regulatory RAF in Regulatory Register and Gaps Register.
    • To update the department’s Regulatory Register and Gaps Register for tracking and monitoring purposes.
    • To coordinate overall compliance program jointly with key Business Units.
    • To advocate adherence and compliance to all external regulatory requirements and internal policies / guidelines to the Bank’s staff.
    • Liaison to seek clarifications with regulators on regulatory related matters.
    • To advise BU/SU on compliance related enquiry/ clarification where incumbent is the subject matter experts.
  • Provide advisory support to BU/SU on compliance issues pertaining to policies and governance.
  • Compliance Risk Assessment
    • To update CRA according to new regulations issued and past regulations every half yearly.
    • Re-assess the net compliance risk of the affected regulations.
  • Regulatory Affairs
    • To ensure all communications (i.e. queries, surveys, letters, exposure drafts) by regulators are attended to within the stipulated deadline.
    • To review gap analysis for exposure drafts on guidelines from regulators.
    • To initiate/ conduct engagement with regulators and/or stakeholders to attain better insight on regulation.
  • Subject Matter Expert
    • To develop self-proficiency level over the assigned subject matter areas in accordance to the SME development plan established.
    • To keep abreast with relevant training, reading materials and remain resourceful towards achieving the expected proficiency as the SME.
  • Participate in all products / services / channel reviews and ensure assurance processes are in line with regulatory requirements, industry standards and Division’s expectation.
  • To assist in updating, compiling and consolidating the monthly Compliance Management report to be tabled in the relevant Board Committee meetings.
  • To conduct briefings on new regulations assigned to the Group Chief Compliance Officer (GCCO) and Head of Regulatory & Advisory on a monthly basis.
  • To develop / lead compliance / regulatory requirements projects as and when required.
  • Ensure adherence and compliance to all internal policies / guidelines and external regulatory requirements.
  • To ensure the relevant department policies and procedures are periodically reviewed and updated, as and when required.
  • Meet all expectations set by Superior on internal deadlines, ad-hoc assignments and additional task assigned.
  • Any other duties/assignment as and when directed/assigned by the superior from time to time.

 

Specific Skills/Knowledge and Certification Required

  • Experience of working in many areas of specializations e.g. Banking Operations, Legal, Compliance, Accounting, etc.
  • Ability to multi-task and highly numerate with great attention to detail.
  • Excellent communication with good relationship with regulatory bodies.
  • Be an assertive and innovative team player, highly independent, committed, self-motivated, resourceful and result-oriented.
  • Excellence in computer skills e.g. Microsoft Office / Excel / Word / Power Point.
  • Ability to accept the new working environment or tasks.