Assistant Manager, Compliance Assurance

We are assisting our reputable Financial Services client to look for potentials who has experience running Compliance Assurance Review & Gap Analysis with the business units and specialized in financial sector and payment industry to join their dynamic team as Assistant Manager, Compliance Assurance in Bangsar South.

• Job Type: Permanent
• Salary: up to RM9,500.00

Job Responsibilities:

1. Provide expert advisory support on compliance matters, ensuring alignment with Bank Negara Malaysia regulations and any other regulatory standard applicable to the businesses.
2. Offer guidance to cross-functional teams on compliance considerations in product development, business operations, and strategic initiatives.

Quality Assurance Review (QAR):

1. Plan and perform compliance assurance review activities to ensure that the compliance initiatives and standards are effectively implemented across business units and properly documented.
2. Manage and monitor regulatory changes, including coordinate gap analysis, with the relevant Business Units and track action plans to closure.
3. Evaluate the effectiveness of existing compliance controls and propose enhancements where necessary.
4. Provide recommendations for continuous improvement based on the outcomes of quality assurance reviews.
5. Collaborate with internal stakeholders to address identified gaps and continuously improve compliance processes.

Ad-hoc Review:

1. Perform ad-hoc compliance reviews triggered by specific events or emerging risks.
2. Collaborate with cross-functional teams to address immediate compliance concerns and mitigate potential risks.
3. Generate comprehensive reports on findings and recommendations from ad-hoc reviews.
4. Facilitate second level investigation on alleged compliance breaches and violations to ensure independent assessment is conducted fairly and thoroughly.
5. Work closely with internal stakeholders to gather relevant information and evidence.
6. Ensure timely and thorough reporting on investigation outcomes and recommendations for corrective actions.

Others:

1. Stay abreast of changes in regulatory requirements and provide proactive recommendations to senior management.
2. Provide necessary support in ensuring any audit findings closure for Compliance Department is resolved within the agreed timeline.
3. Assist the Line Manager in developing and executing the annual Compliance Assurance Review Plan.
4. Prepare accurate and timely compliance reports, updates, and documentation for both internal and external stakeholders. This includes reporting to the Management Audit Risk and Compliance Committee and the Board Risk and Compliance Committee.
5. Undertake any other assignments as requested by the immediate supervisor, Head of Compliance or Management.

Job Requirements:

1. Minimum tertiary qualification in Law, Banking, Finance, or related fields.
2. Minimum of 3 years of experience in compliance, internal audit or a related field, preferably with at least 1 year in a supervisory or leadership role.
3. In-depth knowledge of relevant regulatory requirements and industry standards, especially in the financial sector and payment industry.
4. Excellent written and verbal communication skills.
5. Ability to manage stakeholders across all levels.

Please be informed that only shortlisted candidates will be notified. Your application will be treated at the strictest confidence.