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Job Summary
To undertake any other duties as assigned by Head of Regulatory Advisory and/or Group Chief Compliance Officer.
To support and carry out the compliance function on behalf of team member within the Regulatory Advisory.
Job Responsibilities
To assist the Head of Regulatory Advisory in the followings:
Provide advisory on regulatory matters to facilitate internal stakeholders and the relevant Business Units/Support Units (BUs/SUs) in complying with the relevant laws, regulations and guidelines.
Participate in business specific projects based on portfolio to facilitate the relevant BUs/SUs in complying with the relevant laws, regulations and guidelines.
Proactive monitoring of business specific regulatory developments.
- Products and Services Assessment
Review product program and identify regulatory risk on new product and variation of existing product is in compliance with the regulatory requirements.
Review the services that will be offered to customers or outsourced to a service provider is in compliance with the regulatory requirements.
- Communication with Regulators
Act as liaison officer for BUs/SUs to communicate with regulators for clarification on regulatory related matters as well as responding to regulators inquiries.
Review letters to regulators and provide feedback from regulatory perspective.
- Advertisement and Marketing
Review and provide clearance on advertising / marketing materials, where required.
- Documents and Other Review
Review policy, procedures or other documents of BUs/SUs and to provide feedback from regulatory perspective.
Review, recommend and ensure all rectification plans to non-compliance issues are completed and implemented.
Prepare/review training materials and conduct training/awareness on compliance and regulatory matters.
Promote compliance culture and best practices of compliance in the Bank.
Implement compliance framework and initiatives on a group wide basis.
Job Requirements
- A Bachelor Degree in Law, Banking, Finance and any related field
- At least 5 years and above of related experience in a banking sector
- Having knowledge in Islamic regulations will be an added advantage
