| |
Title |
Deputy Director, Regulatory Compliance New! |
|
Job Description |
|
1. Establish, maintain, review and update compliance framework, policies and procedures to ensure the bank’s alignment with all relevant regulatory requirements. Actively guide and support the business and operation units to ensure that required changes arising from the update have been implemented and relevant business and operations policies and procedures updated.
2. Dissemination of new regulations and work with relevant business / operation units of the bank in the completion of gaps analysis and develop action plan in addressing identified gaps. Tracking and monitor on the timely completion of action plan and escalate to Senior Management for any delay.
3. Facilitate and participate in compliance risk assessment through various methodologies such as Compliance Risk Self-Assessment, new product risk assessment, outsourcing risk assessment to ensure that compliance risk is adequately identified and effectively managed with appropriate and effective internal controls implemented to ensure compliance with regulatory requirements.
4. On-going monitoring of compliance risk across the bank through periodic compliance review and testing on risk-based approach. Develop yearly compliance review and testing plan to be approved by Board of Director and execute the plan by conducting 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. Tracking and monitor on the timely completion of action plan and escalate to Senior Management for any delay.
5. Advise and report to the Board and Senior Management on the developments affecting legal and regulatory requirements, provide assessment of the implications on the bank’s compliance risk profile and capacity to manage compliance risk going forward. Timely escalation to Chief Compliance Officer, Board of Director, Senior Management and parent company on compliance lapses and / or potential breaches in order that appropriate action can be undertaken to rectify.
6. Ensure all management and regulatory reporting to Board of Director, Senior Management, parent company, Bank Negara Malaysia and other regulatory authorities such as PIDM, Securities Commission etc. are submitted timely and accurately.
|
7. Keep abreast on new provisions and changes to statutory requirements, laws and regulations and policies from parent company. Review and update all relevant compliance policies and procedures to ensure compliant to the new and / or changes in the provisions and / or requirements.
8. Provide advisory and guidance to business and operation units on the interpretation of regulatory requirements and implementation of internal policies and procedures for the management of compliance risks relevant to the respective business and operation units to ensure alignment to all regulatory requirements.
9. Ensure that internal procedures, controls and systems are adequate to manage and mitigate compliance risk by providing assessment and recommendation from compliance risk perspective on new products, new system, revised operation procedures and / or business infrastructure, change in organization structure etc.
10. Reinforce compliance culture through adequate and timely training and compliance awareness program to all line of defense on relevant legal and regulatory requirements governing the business activities. Develop annual compliance training and awareness plan to be approved by Board of Director and ensure timely execution of the plan. Conduct compliance training and awareness program regularly to inculcate compliance culture. |
