Executive, Global Legal, Risk and Compliance Services (US Services)

iFAST Global Hub AI; Kuala Lumpur; On-site; MYR 200,000 - 250,000; Full time

Job summary

A rapidly growing digital banking firm seeks an Executive for Global Legal, Risk and Compliance Services in Kuala Lumpur. The ideal candidate will monitor compliance, lead risk assessment programs, and collaborate with stakeholders to ensure adherence to regulations. You will facilitate training and build a compliance culture across the organization. A bachelor's degree and strong analytical skills are essential. Fresh graduates are welcome, and perks include competitive salary, annual leave, and comprehensive insurance.

Benefits

Employee Share Options / Performance Shares

0% sales charge for unit trust

Monthly sports allowance

Comprehensive insurance

Access to relaxation room

Participation in yearly activities

Training from external and internal providers

21 days of annual leave

Qualifications

• Up to 2 years of working experience in Risk and Compliance.
• Ability to work independently and handle tight deadlines effectively.
• Fresh graduates encouraged to apply.

Responsibilities

• Monitor compliance and risk levels across the company.
• Lead the development of policies promoting compliance culture.
• Collaborate with stakeholders to drive compliance.
• Provide training on compliance requirements to employees.

Skills

Analytical skills

Problem-solving skills

Research skills

Communication skills (English)

Education

Bachelor’s degree in business, finance or relevant field

Job description

Executive, Global Legal, Risk and Compliance Services (US Services)

Since 2000, iFAST Corporation is a global digital banking and wealth management platform which constantly remind ourselves that our company’s mission is to help investors around the world to invest globally and profitably. Our business strategies and solutions for our partners and clients begin with this mission statement in mind. We are located in Singapore, Malaysia, Hong Kong, China and the United Kingdom.

We’re growing at an incredible pace and expanding our business. There is still plenty that we want to do, and we want you to join us in this exciting journey!

The Global Legal, Risk and Compliance (GLRC) Services is a newly formed department which will support the iFAST Group across a range of risk and compliance services. iFAST is searching for a motivated and proactive individual who is willing to take on the challenge in being the pioneers and setting the correct risk culture for the team. You will be tasked with the responsibility of ensuring that the Group remains compliant with regulations as we conduct business and the process ownership to perform the following roles and responsibilities:

Responsibilities:

Monitors the Risk and Compliance System – 70% (Percentage time spent):

Set the benchmark for the necessary level of knowledge on existing and emerging regulatory compliance requirements across the company.

Maintain the annual compliance work plan, reflecting the company’s unique characteristics.

Ensure our operational and financial systems and processes are in accordance with relevant legislation.

Periodically revise the compliance plan in light of regulatory changes and the company’s evolution.

Lead and partner the business lines and support functions to ensure risk metrics and risk appetites are defined, documented and applicable thresholds justified through rationales for principal risks.

Monitor and report key risk areas, including market, credit and liquidity risk measures, and key performance trend, contribution and attribution analytics to portfolio managers, senior management, Investment Committee and Board.

Perform stress test or ad-hoc scenario analysis on portfolios assigned. Participate in Scenario Analysis through documentation and research of relevant internal and external operational loss events.

Participate in risk self-assessment program through implementation of the scope review of the significant business units and processes, identify and assess risk areas, advise on the design of risk controls, monitor and coordinate updates of remediation action plans to mitigate the risks areas identified.

Coordinate efforts related to audits, reviews, and examinations.

Develop policies and programs that encourage all employees to report any perceived issues or irregularities.

Coordinate internal compliance review and monitoring activities.

Imparting Knowledge and Training Activities – 20% (percentage time spent):

Responsible for establishing and setting the tone of compliance throughout the organization.

Define the necessary level of knowledge on existing and emerging regulatory compliance requirements across the organization.

Supervise the employees’ performance in relation to risk and compliance and provide constructive feedback.

Promote a culture of integrity and ethical decision-making throughout the organization.

Collaboration with Stakeholders – 10% (percentage time spent):

Work closely with legal, risk and audit teams to drive the business forward in a compliant way.

Liaise with external legal attorneys and regulatory bodies on risk and compliance-related issues.

Requirements and Desired Qualities:

Bachelor’s degree in business, finance or other relevant field, or equivalent education and experience.

Up to 2 years of working experience in Risk and Compliance.

Fresh graduates are encouraged to apply.

Able perform well in a high-pressure environment against tight timelines.

Ability to work independently and effectively deal with multiple departments and employees at all levels.

Strong analytical, problem-solving and research skills.

Excellent command of spoken and written English.

Independent, analytical, meticulous and self-motivated.

Willing to work on Malaysia Public Holiday when necessary.

Open to travel overseas.

Perks and Benefits:

• Employee Share Options / Performance Shares: The company introduced the Share Options / Performance Shares Plan to recognize employees' contributions and achievements in the growth of the company.
• Investment: 0% sales charge for unit trust & 50% staff rebate on front end charges for stocks and ETFs * if you invest through our platform.
• Snacks & Beverages: Enjoy a variety of snacks and drinks from vending machines, including fresh-brewed espresso, Americano, and more from the coffee machine. Additionally, we have a weekly Breakfast Day and Fruits Day!
• Relaxation: Access to a relaxation room equipped with massage chairs at all times to help you relieve tiredness and stress.
• Yearly Activities: Participation in outdoor activities, celebrations during festive seasons, and more exciting events!
• Remuneration Package: Competitive salary packages that are well above market rates for those with the right potential.
• Annual Salary Review and Yearly Bonus: Both processes will be conducted depending on the company's performance and individual work performance.
• Coverage: Comprehensive insurance along with Medical, Dental & Optical coverage.
• Allowances: Monthly sports allowance, Enjoy yearly department gatherings, and welcome lunches for new staffs.
• Training: Benefit from free external and internal training providers, ensuring continuous learning and development.
• Annual Leave: Entitlement to 21 days of annual leave.

These benefits are designed to enhance your overall well-being and ensure a rewarding working experience with us.