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Assistant Manager, Regulatory Compliance

Req ID:  5447
Job Description: 


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. 


Duties and Responsibilities


  1. Manage 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 (RRAF) 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 RRAF in Compliance Risk Repository System and Control Register.
  • To update the department’s Compliance Risk Repository System and Control Register for tracking and monitoring purposes.  This is to ensure RRAFs are completed within the timeline stipulated in the RCD Manual.
  • 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.


  1. 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.


  1. 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.


  1. Subject Matter Expert
  • To develop individual proficiency level over the assigned subject matter areas in accordance to the SME development plan established.
  • To keep abreast with relevant trainings, reading materials and remain resourceful towards achieving the expected proficiency as the SME.
  • To assist in updating, compiling and consolidating monthly Compliance Management report to be tabled in the relevant and Board Committee meetings.
  • To conduct briefings on new regulations assigned to the Chief Compliance Officer (CCO) and Deputy Chief Compliance Officer (DCCO) on monthly basis.
  • To develop / lead compliance / regulatory requirements projects as and when required.
  • Any other duty / assignment as and when directed / assigned by the superior from time to time.




Degree in any discipline



Years of Experience

At least 2 years of banking experience



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.