Compliance Officer, GC - Compliance Monitoring MY (00733)

CIMB; Malaysia; On-site; MYR 60,000 - 90,000; Full time

Job summary

A leading financial institution in Malaysia is seeking a Compliance Monitoring professional. This role involves leading compliance reviews, preparing reports for management, and utilizing data analytics to identify control lapses. The candidate will also support senior stakeholders to achieve business objectives and train team members in compliance processes. This is an excellent opportunity for an individual committed to fostering teamwork and enhancing compliance methodologies in a dynamic environment.

Responsibilities

• Lead compliance monitoring reviews and prepare reports for senior management.
• Utilise data analytics for compliance reviews and ensure timely closure of issues.
• Train and guide team members in the Compliance Monitoring team.

Job description

Compliance Monitoring Review

• Lead compliance monitoring reviews (e.g., thematic review, peer review, control validation exercise, quarterly control effectiveness testing [CET] validation), including preparation of review scope, execution of fieldwork, monitoring of team members’ work, and identification of control lapses or areas for improvement.
• Utilise data analytics to support compliance reviews, including exploring data and developing or revising scripts, criteria and scenarios for periodic monitoring of high-risk or emerging risk areas, performing data validation, and providing post‑implementation and ongoing support for data scripts monitoring.
• Prepare reports and presentations for senior management on compliance monitoring related matters.
• Monitor and ensure timely closure of identified issues.
• Continuously enhance the monitoring and testing program in response to changes in internal and external environment.
• Review and challenge risk assessment results and action plans provided by respective business compliance teams and regional entities, where appropriate.
• Identify and recommend enhancements to existing compliance processes and methodology.
• Provide oversight and support to regional entities, including risk assessment, review planning, reporting, and CET validation.
• Work closely with internal and external stakeholders to establish industry best practices and regulatory expectations.
• Stay informed on business operations, regulatory developments, and supervisory expectations.
• Analyse audit and compliance issues to identify hot spots and emerging risks requiring immediate action.

Engagements with Stakeholder & Management

• Support the Group Chief Compliance Officer and senior stakeholders to achieve CIMB Group’s overall business and strategic objectives.
• Promote cross‑regional collaboration by sharing best practices and identifying business synergies.
• Be a role model and drive activities to encourage and build desired organisational culture, values and reputation in the Group with all staff, customers and regulatory/official bodies.

People Management

• Train and guide team members to foster a culture of teamwork and continous improvement within the Compliance Monitoring team.

Other Responsibilities

• Perform any other tasks or responsibilities assigned by management from time to time.