Sumitomo Mitsui Banking Corporation Malaysia Berhad (SMBCMY)
Job Summary
- To assist the Head of Department to facilitate, implement and promote the compliance function and culture by overseeing compliance within the organisation and ensuring compliance with laws and regulatory requirements, policies and procedures with the focus to minimise regulatory risks, sanctions and reputational damage to the oganisations.
- To assist the Head of Department in providing reasonable assurance to Senior Management and Board that there are effective and efficient policies in place, well understood by all employees, and that the Bank is complying with applicable regulatory requirements.
Job Description
The Executive Director is to assist the Head of Department for the following responsibilities:
Identification, assessment and monitoring of compliance risk
- Identify and assess the compliance risk associated with the Bank's activities and keep up with material changes in the Bank's business.
- Perform appropriate tests to evaluate the adequacy of internal controls put in place to manage compliance risk and promptly follow up on any identified deficiencies and plans to address such deficiencies.
Reporting of compliance risk
- Report to Senior Management and Board Risk Management Committee (BRMC) on a regular basis the findings and analyses of compliance risk.
- Prompt escalation of compliance issues to the Regional Office, Senior Management and Board Risk Management Committee (BRMC).
Advisory
- Advise the Board, Senior Management and Officers on regulatory requirements.
Guidance and training
- Ensure that adequate training is provided to Officers of the Bank on relevant regulatory requirements inclusive of AML/Sanctions governing the Bank's activities.
- To provide guidance to Officers of the Bank on the implementation of internal controls to manage compliance risk.
Policy and Procedure
- Establish, review and maintain the relevant compliance related policy and procedures, including AML/Sanctions.
Communication
- Liaise with the relevant regulators for Regulatory and Anti-Money Laundering/Countering Financing Terrorism/Countering Proliferation Financing (AML/CFT/CPF) matters.
- Maintain good communication with the Regional and Head Office's personnel.
Handling Insource Compliance Functions
- Provides support on the compliance functions to the insourced of compliance activities from branch.
Others
- Provide support and guidance to the Compliance team members.
- Involve in compliance related projects.
AUTHORITY
Liaise with regulator on compliance related matters.
POSITION SPECIFICATIONS
- Certified Professional on Regulatory Compliance and AML/CFT/CPF.
- Degree in Banking/Finance/Accounting.
- More than 20 years experiences in handling/managing a compliance function of a financial institution.
- Strong grasp of banking rules and regulations in both Regulatory and AML/Sanctions areas.
- Strong communication and inter-personal skill.
- People management and coaching skills.
