Chief Compliance Officer, RHB Insurance

RHB Banking Group; Selangor; On-site; MYR 150,000 - 190,000; Full time

Job summary

RHB Banking Group is seeking a senior compliance leader to oversee all aspects of compliance management for RHBI. This pivotal role liaises with regulators and provides advice on business initiatives and product development.

You will promote compliance awareness, conduct reviews, and manage AML/CFT and targeted financial sanctions; ensure governance and risk management integration. Based in Malaysia, you will coordinate regulatory reporting, policy updates, and staff training to foster a strong

Qualifications

• Experience in managing compliance for financial services.
• Knowledge of AML/CFT, TFS and regulatory requirements (BNM).
• Ability to implement training and promote compliance culture.

Responsibilities

• Lead and oversee compliance management activities for RHBI.
• Act as AML Compliance Officer and monitor AML/CFT programs.
• Coordinate regulatory reporting and liaise with regulators (e.g., BNM).
• Develop, review and update internal compliance policies and frameworks.
• Promote compliance awareness and embed risk controls in business planning.

Skills

AML/CFT

Regulatory compliance

Governance

Policy development

Job description

Responsible for leading and overseeing all aspect of compliance management for RHB Insurance. This critical role liaises with regulators and provides compliance advice on business initiatives and product development. This role responsible to promote compliance awareness and conduct reviews to ensure adherence to laws and regulations. Additionally, this role manages AML/CFT and targeted financial sanctions for RHBI.

Departmental Planning

• Convert divisional priorities into department-level goals and track performance against strategic KPIs.
• Ensure RHB Insurance complies with all applicable laws, regulations, and guidelines (e.g., BNM, FSA 2013) and monitor regulatory changes and assess their impact on the business.
• Act as the AML Compliance Officer (AMLCO) and overseeing AML/CFT programs and monitor regulatory expectations related to terrorism financing and targeted financial sanctions (TFS) and ensure compliance with internal and regulatory AML requirements.
• Ensures that compliance is integrated into the company’s strategic direction. This involves proactively identifying regulatory risks, advising senior management, and embedding compliance considerations into business planning and decision-making processes and ensure the Board informed of key compliance matters.

Operational Execution

• Implement functional improvements and initiatives to enhance service delivery and operational efficiency.
• Perform other duties as assigned by direct supervisor.
• Coordinate and submit regulatory reports, surveys, and responses to inquiries or inspections.
• Ensure policies are effectively communicated and implemented across departments.
• Develop and deliver compliance training programs for staff and promote a strong compliance culture and ethical behavior throughout the organization.

Regulatory Compliance

• Ensure operational compliance and uphold governance standards, while identifying and managing risks in day-to-day activities.
• Develop, review, and update internal compliance policies, procedures, and frameworks.
• Identify, assess, and mitigate compliance risks across all business functions and integrate compliance risk into the company’s overall risk management framework.
• Review and advise on new product initiatives, marketing materials, and distribution practices to ensure compliance with regulatory expectations.
• Act as the primary liaison with regulators (e.g., Bank Negara Malaysia).
• Lead team performance and capability building, fostering a culture of accountability, learning, and collaboration.
• Engage with peers and stakeholders to ensure effective cross-functional coordination and service delivery.

RHB Banking Group is a leading regional financial services provider headquartered and listed in Malaysia. Established in 1913, we offer comprehensive banking solutions across retail, business, corporate, and Islamic banking. With a strong presence in Malaysia and nine ASEAN countries, we are committed to delivering simple, fast, and seamless experiences. Guided by our brand promise, "Together We Progress," we continue building a sustainable and inclusive future with our customers and stakeholders.