Manager, Compliance Review

Manager, Compliance Review

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Locations: Menara Affin, TRX

Time Type: Full time

Posted On: Posted Yesterday

Job Requisition ID: JR101421

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Position Objective

• To ensure the activities and business of Affin Bank Bhd (ABB) and Affin Islamic Bank Bhd (AiBB) (the bank) are carried out in accordance with rules and regulations and to provide updates on compliance-related matters to the Head.
• Assist the Head of Compliance Monitoring (HCM) in the implementation of all activities ensuring in line with regulatory requirements and best practices. This mainly encompasses the task of monitoring and review of appropriate controls put in place in managing the compliance risk within the bank. The responsibility shall be in line with the bank’s Compliance Policy including relevant compliance procedures, plans, and programs.
• The tasks include making regular assessments on the effectiveness of the internal controls put in place in managing the compliance risk within the bank focusing on the process of complying with the regulatory requirements (e.g. BNM and others) by the various departments and divisions.

Key Responsibilities

1. Ensure the implementation of the compliance thematic review plan

• Execution of the specific compliance thematic review exercise according to the approved plan including attestation reviews and other ad-hoc reviews
• Prepare and update Compliance Test Programs prior to commencing any reviews to help determine the outcome of the control testing by noting any observations and rating controls accordingly.
• Ensure implementation of the bank’s activities are in line with policies and procedures, regulatory requirements, and best practices
• Observe the deadline for the CMP reviews assignment
• Attend entrance /exit sessions with stakeholders where applies

• Produce reports from the CMP reviews and ensure timely and effective reporting highlighting regulatory weaknesses and areas of non-compliance (if any) for management and stakeholders, together with recommendations for corrective action.

• Perform periodic monitoring, tracking remedial actions, and follow-ups on corrective actions made by stakeholders
• Perform validation and attestation
• Tracking of audit issues raised by BNM and Group Internal Audit

• To attend compliance-related and other soft skills training
• Participate in the bank’s relevant compliance initiative programs

• Perform other additional tasks as required from time to time by the HCM

Job Requirements

• Degree/Professional qualification in Accountancy/Accounting/Finance/Auditing/Banking Services/Economics/Legal preferred and related discipline.
• A minimum of 4 years in the financial services-related field and regulatory compliance work preferred.
• Sound knowledge of Bank Negara, Securities Commission rules and regulations.
• Advanced knowledge of the banking and financial system.
• Strong analytical, communication, and presentation skills and agile with the bank’s current environment and changes.
• Possess strong initiative and positive attitudes with good writing skill, communication skills as well as interpersonal skills.
• Able to work independently with minimum supervision, strong reporting skills.
• Able to work under pressure and handle multiple tasks in a fast-paced business environment.
• A proactive individual with good initiative and drive, resourceful and creative.
• Staff also possesses the relevant qualification including Certification in Regulatory Compliance and Certification and Advanced Certification in AML/CFT are highly encouraged for the position.
• Proficient in MS Office Applications.