Deputy Manager, Compliance Support
Req ID:
7254
Job Description:
Summary
Responsible for the effective governance of governance of outsourcing and any other ad-hoc tasks assigned.
Duties and Responsibilities
- Managing Outsourcing Arrangements
- To ensure proper governance on outsourcing to ensure compliance with regulatory requirements and proper managing of the emanating risk of the outsourced functions.
- To assess the outsourcing pack i.e. Determination of Outsourcing Checklist (DOC), Due Diligence Checklist (DD) and Materiality Risk Assessment (MRA) submitted by BU/SU and provide Outcome of Due Diligence (ODD) to be presented in relevant approving committee within the stipulated turnaround time.
- To review outsourcing presentation decks submitted by BU/SU.
- To review contract, service level agreement on outsourcing arrangement entered by the Bank.
- To prepare the application of new outsourcing approval to BNM for activity that is assessed and classified as material engagement.
- To update details of outsourcing service provider (OSP) in outsourcing register upon onboarding new or renewal, termination of OSP prior contract expiry and as and when new information provided by BU/SU to ensure all information related to outsourcing arrangements (material / non-material) are properly captured in the Bank’s records.
- To update including compile the progress update on ongoing and upcoming outsourcing reviews as part of Compliance Management Report to MRCC / BRC.
- To advise and provide clarifications to BU / SU on outsourcing requirements and compliance related enquiry, provide clarification where incumbent is the subject matter expert.
- To collate details of yearly divisional outsourcing plan from all BU/SU to prepare annual outsourcing plan for tabling to Board and submission to BNM by 31 March every year.
- To maintain all original copies of the documents pertaining to the outsourcing arrangement.
- To come up with initiatives / refinements related to outsourcing function and implement them.
- Revision of Department Policy and Manual
- To review the Outsourcing Policy, Outsourcing Operational Manual or any other publications assigned to ensure accuracy and relevance to the regulatory requirements.
- Any other duty / 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 relationships 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.