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Assistant Manager, Compliance Monitoring & Testing

Req ID:  4816
Job Description: 

Summary
To ensure key control solutions to regulatory requirements are fully developed and implemented by BU/SU. To perform systematic compliance monitoring on the key compliance risk indicators and testing on controls.


Duties and Responsibilities
 Assist the Head of CMT and Team Leader in developing, implementing, monitoring, testing and maintaining an effective compliance program to address all

    regulatory requirements relevant to Bank Islam.
 Periodically review the internal policy and procedure to ensure regulatory requirements are localized and operationalised in the policies and procedures.
 Stay abreast of changes in compliance rules and regulation to ensure the Bank’s policy and procedure are still relevant and reflective of current prevailing

    standards.
 Ensure monitoring and testing approach as well as assurance processes are in line with industry standards and Division’s expectation.
 Prepare monthly Compliance Management Report to be tabled in the MRCC, MANCO, BRC and/or BOD’s meetings.
 Meet expectations of Head of CMT, DCCO and CCO in respect of target deadlines, accuracy, completeness and integrity of data and reporting, with high

    quality of output.
 Perform monitoring function, review and analysis of key-control self-assessment (KCSA) or other key compliance risk indicators to identify potential non-

    compliances/breaches.
 Perform testing on implementation of the policies and procedures to ensure that internal controls are operating as intended.
 Facilitate briefings and regular updates to stakeholders.
 Prepare and ensure timely submission of RCSA and RLE.
 Multi-task and work in a talent pool instead of a concentrated scope of work.
 Assists to promote and inculcate compliance culture within the Bank.
 Any other duties/assignment as and when directed/assigned by the superior as per business requirement from time to time.

 

Qualification
 Bachelor Degree in Law/Finance/Accountancy/Economics or Business Years of Experience
 For G10 – At least 3 years of working experience in related field or in Financial Industry

 

Specific Skills/Knowledge and Certification Required
 A strong understanding of the relevant legislation and regulatory requirements issued by Bank Negara Malaysia, Labuan Financial Services Authority,

    Securities Commission, PIDM, etc.
 A proven track record of identifying, assessing and advising on the impact of regulatory change and the actions required to minimize any impact.
 A detailed understanding of the systems and processes involved in the development and launch of new products and their subsequent distribution.
 Strong stakeholder engagement and influencing skills, combined with an ability to build strong working relationships.
 Ability to perform a variety of functions at various levels internally & externally.
 Ability to multi-task, highly numerate with great attention to detail and must be able to manage expectations and work independently.