Assistant Manager, Compliance Advisory, Regulatory

Bank Islam Malaysia Berhad; Kuala Lumpur; On-site; MYR 100,000 - 150,000; Full time

Job summary

A leading Islamic bank in Malaysia seeks an Assistant Manager for Compliance Advisory. The role involves managing regulatory compliance, advising business units on compliance issues, and ensuring adherence to regulations. Candidates should possess strong communication skills, attention to detail, and a solid background in banking or legal compliance. This position offers a significant opportunity to enhance your professional career in the dynamically evolving financial landscape.

Qualifications

• Experience in Banking Operations, Compliance, or Legal required.
• Ability to engage with regulatory bodies effectively.
• Assertive, committed, and self-motivated professional.

Responsibilities

• Manage and disseminate new regulatory updates within 3 days.
• Conduct regulatory risk assessments and maintain compliance registers.
• Support and advise Business Units on compliance issues.

Skills

Attention to Detail

Communication

Team Player

Multi-tasking

Numeracy

Education

Degree in Banking, Legal, Compliance, or related fields

Tools

Microsoft Office

Job description

Assistant Manager, Compliance Advisory, Regulatory

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• Responsible in supporting effective management of Regulatory Compliance functions which include amongst others, the end-to-end process of disseminating new regulations, reviewing the gap analysis on regulatory requirements, compliance risk assessment and assisting in compliance/ regulatory requirements project.
• To ensure key control solutions to regulatory requirements are fully developed and implemented by BU/SU.

Duties and Responsibilities

• Managing Regulations
  • Daily, to identify new regulations issued by regulators and ensure timely dissemination; within 3 business days of issuance to relevant Business Unit (BU) / Support Unit (SU).
  • To review of Regulatory Risk Assessment Form (Regulatory RAF) for newly published / updated guidelines in line with the Compliance Risk Assessment (CRA).
  • To ensure Head of Division (HOD) is apprised on new guidelines issued.
  • To document the agreed Regulatory RAF in Regulatory Register and Gaps Register.
  • To update the department’s Regulatory Register and Gaps Register for tracking and monitoring purposes.
  • To coordinate overall compliance program jointly with key Business Units.
  • To advocate adherence and compliance to all external regulatory requirements and internal policies / guidelines to the Bank’s staff.
  • Liaison to seek clarifications with regulators on regulatory related matters.
  • To advise BU/SU on compliance related enquiry/ clarification where incumbent is the subject matter experts.
• Provide advisory support to BU/SU on compliance issues pertaining to policies and governance.
• Compliance Risk Assessment
  • To update CRA according to new regulations issued and past regulations every half yearly.
  • Re-assess the net compliance risk of the affected regulations.
• Regulatory Affairs
  • To ensure all communications (i.e. queries, surveys, letters, exposure drafts) by regulators are attended to within the stipulated deadline.
  • To review gap analysis for exposure drafts on guidelines from regulators.
  • To initiate/ conduct engagement with regulators and/or stakeholders to attain better insight on regulation.
• Subject Matter Expert
  • To develop self-proficiency level over the assigned subject matter areas in accordance to the SME development plan established.
  • To keep abreast with relevant training, reading materials and remain resourceful towards achieving the expected proficiency as the SME.
• Participate in all products / services / channel reviews and ensure assurance processes are in line with regulatory requirements, industry standards and Division’s expectation.
• To assist in updating, compiling and consolidating the monthly Compliance Management report to be tabled in the relevant Board Committee meetings.
• To conduct briefings on new regulations assigned to the Group Chief Compliance Officer (GCCO) and Head of Regulatory & Advisory on a monthly basis.
• To develop / lead compliance / regulatory requirements projects as and when required.
• Ensure adherence and compliance to all internal policies / guidelines and external regulatory requirements.
• To ensure the relevant department policies and procedures are periodically reviewed and updated, as and when required.
• Meet all expectations set by Superior on internal deadlines, ad-hoc assignments and additional task assigned.
• Any other duties/assignment as and when directed/assigned by the superior from time to time.

Specific Skills/Knowledge and Certification Required

• Experience of working in many areas of specializations e.g. Banking Operations, Legal, Compliance, Accounting, etc.
• Ability to multi-task and highly numerate with great attention to detail.
• Excellent communication with good relationship with regulatory bodies.
• Be an assertive and innovative team player, highly independent, committed, self-motivated, resourceful and result-oriented.
• Excellence in computer skills e.g. Microsoft Office / Excel / Word / Power Point.
• Ability to accept the new working environment or tasks.

Unlock job insights

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Bank Islam Malaysia Berhad is the pioneer of Islamic banking system in Malaysia. We have grown to become one of the nation’s leading financial institutions, providing a wide range of products and services to meet the financial and banking needs of all Malaysians, regardless of race and religion. A career with Bank Islam means an outstanding opportunity to develop a professional vocation in the ever-challenging banking industry. Be a part of an organisation that is totally committed to developing Malaysia as one of the leading global Islamic financial centres.

Follow our Careers IG @gobeyondatbankislam for more information on our culture and new career opportunities!

Bank Islam Malaysia Berhad is the pioneer of Islamic banking system in Malaysia. We have grown to become one of the nation’s leading financial institutions, providing a wide range of products and services to meet the financial and banking needs of all Malaysians, regardless of race and religion. A career with Bank Islam means an outstanding opportunity to develop a professional vocation in the ever-challenging banking industry. Be a part of an organisation that is totally committed to developing Malaysia as one of the leading global Islamic financial centres.

Follow our Careers IG @gobeyondatbankislam for more information on our culture and new career opportunities!

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