Manager, Regulatory Compliance

Job Summary

A Manager, Regulatory Compliance ensures an organization adheres to relevant laws, regulations, and ethical standards. This involves developing and implementing compliance programs, conducting audits, and providing training to staff to mitigate risks. They act as a point of contact for regulatory bodies and advise senior management on compliance matters.

Job Responsibilities

• Support the Head, Regulatory Compliance in the implementation of compliance risk management framework in the Bank.
• Keep abreast with regulatory changes and maintain the regulatory inventory.
• Review gap analysis to ensure compliance to the relevant new/revised law, regulations and industry standards and work closely with relevant stakeholders to put the necessary measures in place for compliance to the regulatory requirements.
• Coordinate and review regulatory submissions in regards to discussion papers, exposure draft, survey, etc issued by the regulators from time to time.
• Oversee the compliance monitoring and assess compliance risk including the adequacy of internal controls to ensure compliance risks and issues are promptly identified, managed and mitigated in a timely manner.
• Maintain oversight on the regulatory reporting in the bank and regulatory non-compliance incidences and monitor remedial actions taken.
• Review and maintain compliance related policies and procedures.
• Liaise with the regulators on compliance related matters.
• Provide advisory to business and all other stakeholders on aspects with regards to compliance with laws, regulations and industry standards including new/enhanced product review.
• Assist to inculcate a compliance culture amongst all staff through training and briefings to ensure all employees are updated on the compliance related policies and latest regulations.

Job Requirements

• Bachelor degree in Law, Accounting, Finance, Business Administration or a related field. Professional certificates in Compliance will be an added advantage.
• At least 5 - 8 years working experience in the compliance, operational risk and/or audit in the banking industry.
• Possess good knowledge in applicable laws, regulations, and industry standards, such as financial regulations, data privacy, consumer protection, and anti-money laundering (AML) regulations.
• Highly analytical with strong attention to details, good oral and report writing skills with ability to interact effectively and manage stakeholders.
• Proficiency in Google Work Space.