Compliance Officer

RHB Banking Group; Kuala Lumpur; On-site; MYR 80,000 - 120,000; Full time

Job summary

A major banking institution in Kuala Lumpur seeks a compliance professional to ensure adherence to laws and regulations in fund management. This role involves conducting compliance reviews, managing team assignments, and preparing reports for the Board. The ideal candidate will coordinate with various business units and disseminate essential regulatory updates. This position is crucial for maintaining the compliance culture and operational integrity within the organization.

Qualifications

• Strong understanding of compliance regulations within the fund management industry.
• Proficient in conducting compliance reviews and audits.
• Ability to prepare reports for management and regulatory bodies.

Responsibilities

• Establish and ensure compliance with relevant laws and regulations.
• Provide guidance and implement compliance solutions.
• Conduct Compliance Reviews as per the Annual Work Plan.
• Manage and guide team members in assignments.
• Review investment operations and regulatory submissions.
• Coordinate information compilation for audits and regulatory visits.
• Disseminate updated compliance information to employees.
• Perform any additional tasks from the Head of Compliance.

Job description

• To establish and ensure the Business Division comply with relevant laws, rules, regulations and guidelines on the fund management industry by conducting Compliance Reviews;
• To provide advice, guidance, support and implement compliance solutions to Business Divisions to ensure effective implementation of the compliance objective/culture;
• Conduct assigned Compliance Reviews in accordance with the Annual Work Plan;
• Manage and provide guidance/knowledge to team members in the areas of their assignment/review;
• Perform review on Investment and Operations areas such as reviewing asset allocation and investment restrictions, checking and clearing breaches in Violation Manager, sending e‑mail to fund managers to seek clarification on the breaches and subsequently, incorporating in monthly Compliance Report to the Board of Directors (“BOD”), reviewing regulatory submission to the SC via ComRep (XBRL) on monthly, half yearly and annual basis and also, other regulatory body, reviewing the policies and procedures manuals of the company in line with changes in the laws, regulations, guidelines and industry developments, preparing ad‑hoc reports/papers from Compliance to the BOD, Investment Committee, Management Committee, such as status update of Compliance Annual Work Plan, Compliance Risk Assessment, and others;
• Coordinate with relevant business units and compilation of information for regulatory visits, trustee visits, audits conducted by Employees Provident Fund (“EPF”)’s auditor, statutory laws and Federation of Investment Managers Malaysia (“FIMM”)’s requests;
• Dissemination of information such as new or revised guidelines, laws, rules and regulations, and industry or market updates to the management and relevant employees of the company;
• Any other responsibilities/assignments as assigned by the Head of Compliance, Asset Management, from time to time.