Compliance Manager - Banking

Primary Objective: 

1. Assist Head of Department to develop, review & implement compliance management function of the Bank ensure aligned of all internal & external governance/ regulatory requirements while supporting the Bank’s growth.
2. Formulate, set up, prepare, implement, and continuous monitoring on compliance strategy to govern all types of banking activities effectively.
3. To ensure compliance department manage a regulatory and AML governance framework to support bank’s overall business strategy and growth,
4. Inculcate compliance culture within organization; while adopting a risk approach through close dialogue with various business heads to achieve compliance requirements.

KEY PERFORMANCE INDICATORS (KPIs)

• Develop effective working relationships with all parties.
• Drive & create effective risk tools to analyses & monitor all compliance issue.
• Ensure timely, accurate and effective reporting to Senior Management, Board and Group Compliance
• Proactive identification of areas for improvement
• Provide compliance advisory to both business and support units

KEY RESPONSIBILITIES: 

• Assist Head to develop, review & implement all compliance & risk management strategy & action plan to govern overall bank policy, process, procedure, manual, guideline and banking activities while supporting the business growth.
• Review all banking policies, manual, procedures & process. Propose improvement to ensure compliance & risk mitigation.
• Ensure Bank’s compliance with relevant Acts, Laws, directives and guidelines issued by the regulatory bodies, and the Bank’s internal policies and procedures.
• Liaise with regulators (i.e. NBC, CAFIU, and etc) to ensure good work relationship; and compile report to regulators as needed
• Act as the reference point for the AML/CFT measure the Bank has established, including employee training and reporting of suspicious transactions.
• Regularly conduct compliance & AML risk assessment to assess the current state and identify area for enhancement in aligning the compliance & AML/CFT management practice with regulatory guidelines and leading industry practices.
• Identify compliance & AML/CFT risk associated with new products and services or variation to existing products and services.
• Conduct compliance visits, effect surveillance programmes and ensure that the Company’s procedures are strictly adhered to.
• Review client complaints and ensure that all complaints are duly noted and addressed promptly by relevant departments.
• Report to the Head upon identifying an event of non-compliance / issues of breaches.
• Compile documents and information required in response to queries from the regulators.
• Conduct briefing and training to new staff on compliance matters, regulatory requirements and the Company’s internal policies and procedures and ensure adherence.
• Identify any event of non-compliance / issues of breaches and recommend remedial actions to be taken to rectify the matter in an efficient and practical manner.
• Follow-up on audit findings and conduct investigation as and when required.
• Display teamwork and work closely with other senior management personnel; act as the key point of contact with internal and external auditors, ensuring issues raised or gaps identified are resolved.
• To carry out ad-hoc assignment as determined by the Head from time to time.

REQUIREMENTS (Qualification/Experience/Skills)

Formal Education:

• Degree holder with 8 years compliance & related working experience in banking / financial industry.
• Preferred level of Experience (by years/function/industry)
• At least 3 year managerial level in compliance & or similar capacity.
• Full spectrum of banking policy, process, manual, flows and banking activities knowledge
• Leadership & people management skill
• Complex analytical, problem solving & decision making skill
• Strategic planning & organizing skill
• Influential communication & presentation skill