Retail Banking Regulatory

PT Bank SMBC Indonesia Tbk; Jakarta Pusat; On-site; IDR 300,000,000 - 540,000,000; Full time

Job summary

PT Bank SMBC Indonesia Tbk is seeking a Regulatory Compliance professional to ensure platform and product initiatives meet applicable regulations and bank policies. This role partners with Compliance, Risk Management, and regulators to manage licensing, reporting, and approvals.

Key responsibilities include managing regulatory submissions, providing guidance across the product lifecycle, and coordinating cross-functional reviews with thorough documentation to support compliant, risk-aware

Qualifications

• Bachelor's Degree (S1) required.
• Minimum 2 years in banking, especially Compliance, Risk Management, Operations, Product, or Business functions.
• Strong understanding of banking products, processes, and risks and controls.
• Knowledge of banking regulations including OJK, Bank Indonesia, and other authorities.
• Ability to interpret regulatory requirements and translate into practical implementation.
• Excellent English and Bahasa Indonesia communication skills.

Responsibilities

• Manage regulatory submissions, licensing, and reporting for product launches and business initiatives.
• Provide regulatory guidance to product and innovation teams throughout the development lifecycle.
• Coordinate cross-functional reviews and maintain documentation for effective compliance and risk management.

Skills

Regulatory compliance

Risk management

Regulatory reporting

Cross-functional collaboration

Problem solving

Effective communication

Education

Bachelor's Degree (S1)

Job description

This role will responsible for ensuring that all platform and product innovation initiatives comply with applicable regulatory requirements and internal bank policies. This role partners closely with Compliance, Risk Management, and regulatory authorities (including OJK, BI, and ASPI) to manage regulatory licensing, reporting, and approval processes, ensuring products and services are launched in full compliance with relevant regulations.

Key Responsibilities:

• Manage regulatory submissions, licensing, and reporting processes to support product launches and business initiatives.
• Provide regulatory guidance to product and innovation teams throughout the product development lifecycle.
• Coordinate cross-functional reviews and maintain documentation to ensure effective compliance and risk management practices.

Requirements:

• Bachelor's Degree (S1)
• Minimum 2 years of professional experience in the banking industry, particularly in Compliance, Risk Management, Operations, Product, or Business functions.
• Strong understanding of banking products, processes, and the associated risks and control frameworks.
• Good knowledge of banking regulations and regulatory requirements, including those issued by OJK, Bank Indonesia, and other relevant authorities.
• Familiarity with regulatory compliance processes, governance frameworks, and banking policies and procedures.
• Experience in managing regulatory licensing, reporting, and approval processes for banking products or business initiatives is an advantage.
• Ability to interpret regulatory requirements and translate them into practical business and product implementation.
• Strong problem-solving and critical thinking skills.
• Ability to work independently while collaborating effectively with cross-functional teams.
• Knowledge of Digital Banking, fintech ecosystem, and product development processes is a plus.
• Excellent verbal and written communication skills in English and Bahasa Indonesia.