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Functional
Policy, Framework, and Governance
- Design, lead, implement and maintain HLB's Compliance frameworks, ensuring policies and procedures are regularly reviewed and updated to align with legal, regulatory requirements, and internal standards/risk appetites for the assigned portfolio and serve as a subject matter expert.
- Drive initiatives to revise existing or adopt new internal processes to meet evolving regulatory requirements for the assigned portfolio.
- Oversight or coordinate for governance committee (e.g., RCGC, FCGC) matters, issues, and events with potential regulatory, reputational, or financial impact for the assigned portfolio.
- Work closely with relevant stakeholders to derive cross-functional compliance-related policies and standards for the assigned portfolio.
Assurance, Review, and Advisory
- Lead, manage and execute Compliance Assurance & Advisory activities for the assigned portfolio, including:
- Compliance Self-Assessments (CSA) and Compliance Independent Reviews (CIR) validating the quality of work performed by business units.
- BNM Reviews and other regulatory information requests.
- Review and validation of the quality of work performed by business units, identifying gaps and potential areas for improvement.
- Provide advisory and guidance to business units of the assigned portfolio on Assurance & Advisory matters, with a focus on product governance and impact of new regulations.
- Develop and implement a plan for checking and governing the compliance controls of business units of the assigned portfolio.
- Continuously explore opportunities to reduce manual oversight by automating compliance checks.
Regulatory Implementation and Gap Assessment
- Lead the timely implementation of all relevant new legislation and regulations impacting business units of the assigned portfolio, particularly those related to product compliance.
- Validate gap analyses performed by business units of the assigned portfolio and drive remediation until all identified gaps are closed.
- Ensure timely closure of gaps identified during independent reviews on product compliance of the assigned portfolio.
Stakeholder Management and Culture
- Act as the key liaison with Group Compliance regarding Compliance Assurance & Advisory matters of the assigned portfolio.
- Drive and facilitate a strong culture of compliance across business units of the assigned portfolio within PFS.
- Establish and share best practices and competitor benchmarks to enhance compliance maturity.
- Build and maintain strong working relationships with Business Heads, Group Compliance, Group Risk, Group Internal Audit, and other relevant functions (including Legal and Hong Leong Islamic Bank for Shariah compliance).
- Lead compliance projects initiated by Group Compliance for the assigned portfolio, where necessary.
- Ensure timely and accurate regulatory reporting and the reporting/escalation of compliance issues or incidences of the assigned portfolio to management and Group Compliance.
Managerial
- Drive compliance by respective business units of the assigned portfolio within PFS with legal and regulatory requirements, as well as internal standards and guidelines.
- Guide, mentor and coach team members on activities/initiatives to build up knowledge and experience on applicable laws, rules, regulations and guidelines, ensuring their readiness for role transitions.
Organizational
- Uphold a robust compliance posture within the 1st Line of Defense, ensuring organizational transparency and reporting integrity to the Senior Management and respective Governance Committee.
- Integrate and streamline processes across business units of the assigned portfolio to comply with the spirit on rule of legal and regulatory requirements.
- Propose/recommend initiatives to reengineer existing internal processes of the assigned portfolio to comply with new regulatory requirements, making them more adaptive and results-oriented
- Agility in moving into different roles within the Compliance function.
- Identify and mitigate process risks proactively to safeguard the bank's reputation.
Education/Qualification
- Degree in Accounting/Finance/Banking/Economics/Law
- Excellent command of spoken and written English with the ability to influence stakeholders at all level of the organisation.
Experience
- Minimum of 5 years managerial experience in a banking and financial institution with relevant exposure in Compliance, Risk or Audit.
- Deep understanding and knowledge of legislative aspects / regulatory requirements of banking and financial institutions
- Demonstrate ability to effectively communicate, both orally and in writing, through all levels of the organization.
- Leadership skills with the ability to see the big picture without losing attention to details.
- Possess analytical and critical thinking. Attentive to details and processes investigative nature.
Special Skills
- Audit, Legal, Risk or Compliance experience
- Proven ability to work in a dynamic environment and pivot between different roles within Compliance function.
