Lead Manager Regulatory Compliance

Bank of China (M) Berhad; Kuala Lumpur; On-site; MYR 180,000 - 260,000; Full time

Job summary

Bank of China (M) Berhad in Kuala Lumpur seeks a senior professional to lead the compliance risk management function. You will oversee governance, policy development and the implementation of the bank’s compliance program across business units.

The role requires partnering with executives to ensure regulatory alignment and operational resilience. You will coordinate with internal stakeholders and regulators, drive risk mitigation actions, and promote a strong compliance culture within the

Qualifications

• Experience in managing compliance risk programs and teams.
• Ability to design and implement governance structures aligned to regulatory expectations.
• Strong communication and cross-functional collaboration skills.

Responsibilities

• Ensure bank's compliance risk governance aligns with group and regulatory expectations.
• Develop and maintain governance, policies and procedures for compliance risk management.
• Create yearly compliance review plans based on residual risk profiles and track action closures.
• Monitor and report on the overall compliance program implementation.
• Coordinate with departments and external stakeholders on compliance initiatives.
• Represent and advocate for excellence in compliance functions.

Skills

Compliance risk

Governance framework

Regulatory compliance

Stakeholder management

Leadership

Education

Bachelor's degree or higher in Risk Management, Economics, Finance, Accounting or related fields

Job description

1.Primarily responsible for the implementation of compliance risk management within an organization, and ensuring compliance programs throughout the organization are effective;

2.Assist Head of Legal and Compliance Risk in providing leadership, direction and integration of compliance risk management activities to fulfill organization needs and regulatory expectation;

3.Formation of compliance risk management plan within the team in promoting strong compliance culture as well as operational resilience so as to support the department’s agenda, organization’s vision, mission and corporate values;

4.Ensure effective implementation of compliance risk initiatives and on-going activities for compliance unit including other stakeholder(s) as may be identified to serve future needs;

5.Assist Chief Compliance Officer and Head of Legal and Compliance Risk in the coordination with other departments and external stakeholder(s) on the development of various compliance programs, policies, services and initiatives; and

6. Serve as the organization representative and advocate for excellence in compliance functions.

Key Responsibilities

• Ensure the bank’s overall compliance risk governance framework are aligned with group and regulatory expectations.
• Establish, develop and maintain appropriate governance and accountabilities in managing compliance risk of the bank which include relevant policies and procedures;
• Develop the yearly compliance review plan for execution based on the residual compliance risk profiles of the bank to ascertain the effectiveness and adequacy of the internal controls implemented by business and support unit, track and monitor on the timely closure of action plans from the business and support unit.
• Monitor the implementation of the compliance program
• Develop a holistic annual compliance risk management work plan that complements the bank’s strategic objectives; and
• Regular recalibration of compliance plan to adapt and respond to changes in regulatory landscape.
• Monitor the implementation of overall compliance risk management program as mandated;
• Oversee the identification and assessment of compliance risk within the bank. This includes establish and strengthening approaches in compliance risk identification, assessment, monitoring and reporting activities.
• Lead the implementation of effective compliance risk management measures in the bank, which include compliance risk self-assessment and appointment of compliance representative in the respective business and support unit;
• Oversee the internal compliance risk review and monitoring activities, including periodic compliance risk assessment in the Bank;
• Assess the adequacy of internal controls to manage compliance risk and promptly follow up on any identified deficiencies and plans to address such deficiencies;
• Ensure timely escalation of significant compliance risk incident to Chief Compliance Officer, where applicable to ensure immediate remediation action is initiated to mitigate the risk;
• Provide timely update to Head of Legal and Compliance Risk on potential compliance issue and risk assessment to make an informed judgement;
• Oversee timely reporting and escalation of compliance risk incident to relevant party including parent bank or regulator, when needed and is in accordance to standards and timeline given; and
• Assist Chief Compliance Officer in the coordination and management of review or inspection by internal and external stakeholder.
• Keeping Head of Legal and Compliance Risk informed on regulatory developments, its implication to the bank’s risk profile;
• Provide advisory and guidance to business and operation units on the interpretation of regulatory requirements and implementation of internal policies and procedures for the management of compliance risks relevant to the respective business and operation units to ensure alignment to all regulatory requirements; and
• Lead, participate and manage discussion with business and support units on advisory matter related to compliance risk and to implement relevant controls to reduce residual compliance risk profiles to ensure that compliance risk exposure of the bank is being identified and managed within the bank’s risk appetite.

Training and Awareness

• Reinforce compliance risk management culture in the bank by inculcating risk and compliance is everyone’s responsibilities;
• Provide training to improve 1st line of defense’s understanding of relevant laws and regulatory requirements;
• Ensure adequate level of awareness and knowledge capacity across all departments in relation to compliance risk;
• Lead and provide guidance on compliance risk management related areas to the team members as well as business and support units.

Human Resource Management

• Facilitate in building internal knowledge within the team so as to effectively identify and mitigate any existing or emerging compliance risk in the organization;
• Provide guidance and strategy to ensure effectiveness of overall compliance risk function; and
• Manage performance of the team to achieve performance objectives and continuously enhance overall performance.
• Any other duties and responsibilities as assigned by Chief Compliance Officer and Head of Legal and Compliance Risk from time to time.

Job Requirements

• Bachelor's degree or higher in Risk Management, Economics, Finance, Accounting or related fields.
• Minimum of 5 years of relevant professional experience.
• Managerial experience is highly preferred.

Established in 1912, Bank of China is the oldest bank in China. It has been ranked one of the world's top banks in terms of core capital by The Banker. Bank of China has been included in the Fortune Global 500 for 13 consecutive years. Bank of China is the first and the only Chinese bank that has presence in all major continents. At the present the bank offers financial services through its global network of over 560 overseas offices in 25 countries and regions. We are inviting qualified candidates to join us as:

Established in 1912, Bank of China is the oldest bank in China. It has been ranked one of the world's top banks in terms of core capital by The Banker. Bank of China has been included in the Fortune Global 500 for 13 consecutive years. Bank of China is the first and the only Chinese bank that has presence in all major continents. At the present the bank offers financial services through its global network of over 560 overseas offices in 25 countries and regions. We are inviting qualified candidates to join us as: