Executive Director - Compliance

SMBC Group; Kuala Lumpur; On-site; MYR 150,000 - 210,000; Full time

Benefits offered by this job

Regulatory and compliance training

Job summary

Sumitomo Mitsui Banking Corporation Malaysia Berhad (SMBCMY) is seeking an experienced compliance leader to oversee the bank's compliance functions, ensuring adherence to laws, regulations, and internal policies. The role focuses on minimising regulatory risks, sanctions exposure, and reputational risk, reporting to senior management and board risk committees.

The candidate will provide assurance on policies, guidance to officers, and training on AML/Sanctions.

Qualifications

• Experience in regulatory compliance within financial institutions.
• Knowledge of AML/CFT/CPF controls and regulatory requirements.
• Ability to develop and maintain compliance policies and procedures.

Responsibilities

• Identify, assess and monitor compliance risk within bank activities.
• Report findings to Senior Management and BRMC with analyses.
• Advise Board and management on regulatory requirements.
• Provide AML/Sanctions training and guidance to staff.
• Establish and maintain compliance policies and procedures.
• Communicate with regulators and regional offices on compliance matters.
• Support insourced compliance functions and related projects.

Skills

Regulatory knowledge

AML/CFT/CPF

Policy and governance

Communication skills

People management

Education

Degree in Banking/Finance/Accounting

Job description

Sumitomo Mitsui Banking Corporation Malaysia Berhad (SMBCMY)

Sumitomo Mitsui Banking Corporation Malaysia Berhad (SMBCMY)

Job Summary

• To assist the Head of Department/Chief Compliance Offcer to facilitate, implement and promote the compliance function and culture by overseeing compliance within the organisation and ensuring compliance with laws and regulatory requirements, policies and procedures with the focus to minimise regulatory risks, sanctions and reputational damage to the oganisations.
• To assist the Head of Department/Chief Compliance Offcer in providing reasonable assurance to Senior Management and Board that there are effective and efficient policies in place, well understood by all employees, and that the Bank is complying with applicable regulatory requirements.

Job Summary

• To assist the Head of Department/Chief Compliance Offcer to facilitate, implement and promote the compliance function and culture by overseeing compliance within the organisation and ensuring compliance with laws and regulatory requirements, policies and procedures with the focus to minimise regulatory risks, sanctions and reputational damage to the oganisations.
• To assist the Head of Department/Chief Compliance Offcer in providing reasonable assurance to Senior Management and Board that there are effective and efficient policies in place, well understood by all employees, and that the Bank is complying with applicable regulatory requirements.

Job Description

Identification, assessment and monitoring of compliance risk

• Identify and assess the compliance risk associated with the Bank’s activities and keep up with material changes in the Bank’s business.
• Perform appropriate tests to evaluate the adequacy of internal controls put in place to manage compliance risk and promptly follow up on any identified deficiencies and plans to address such deficiencies.

Reporting of compliance risk

• Report to Senior Management and Board Risk Management Committee (“BRMC”) on a regular basis the findings and analyses of compliance risk.
• Prompt escalation of compliance issues to the Regional Office, Senior Management and Board Risk Management Committee (“BRMC”).

Advisory

• Advise the Board, Senior Management and Officers on regulatory requirements.

Guidance and training

• Ensure that adequate training is provided to Officers of the Bank on relevant regulatory requirements inclusive of AML/Sanctions governing the Bank’s activities.
• To provide guidance to Officers of the Bank on the implementation of internal controls to manage compliance risk.

Policy and Procedure

• Establish, review and maintain the relevant compliance related policy and procedures, including AML/Sanctions.

Communication

• Liaise with the relevant regulators for Regulatory and Anti-Money Laundering/Countering Financing Terrorism/Countering Proliferation Financing (“AML/CFT/CPF”) matters.
• Maintain good communication with the Regional and Head Office’s personnel.

Handling Insource Compliance Functions

• Provides support on the compliance functions to the insourced of compliance activities from branch.

Others

• Provide support and guidance to the Compliance team members.
• Involve in compliance related “projects”.

AUTHORITY

Liaise with regulator on compliance related matters.

POSITION SPECIFICATIONS

• Certified Professional on Regulatory Compliance and AML/CFT/CPF.
• Degree in Banking/Finance/Accounting.
• More than 20 years experiences in handling/managing a compliance function of a financial institution.
• Strong grasp of banking rules and regulations in both Regulatory, Review, and AML/Sanctions areas.
• Strong communication and inter-personal skill.
• People management and coaching skills.