Manager, Group Regulatory Advisory

Alliance Bank Malaysia Berhad; Kuala Lumpur; On-site; MYR 180,000 - 300,000; Full time

Job summary

Alliance Bank Malaysia Berhad is seeking a senior Compliance Advisor to lead regulatory affairs and risk management for new initiatives and existing operations in Malaysia. You will oversee BNM regulatory changes, perform gap analyses, and provide advisory to business units to ensure full regulatory alignment.

The role requires strong leadership, excellent analytical and communication skills, and at least 7 years in banking compliance, risk management or internal audit within a financial

Qualifications

• Professional qualification or Degree in Banking & Finance, Business Administration, Law or other relevant discipline.
• Knowledge in regulatory compliance relating to retail banking operations and products.
• At least 7 years of working experience in a financial institution.
• Experience in compliance, risk management or internal audit is an added advantage.
• Experience in banking operations or product development is an added advantage.

Responsibilities

• Disseminate new/revised BNM regulations to stakeholders.
• Disseminate regulatory/industry consultations to relevant business unit to comment/review and coordinate the responses for submission.
• Prepare and review Gap Analysis/Attestation of Compliance for new/revised BNM regulations submitted by stakeholders.
• Review and maintain the Gap Analysis Template Process.
• Maintenance of Regulatory Risk Matrix.
• Publish BNM regulations to InAlliance Portal.
• Provide compliance advisory to assist business units to manage their compliance risk.
• Review publication and communication materials.
• Provide compliance advisory on new initiatives/projects of the Bank.
• Conduct training for new joiners and newly onboarded staff.
• Continuous engagement with business units.
• Review Regulatory Breach Notifications and ensure reasonable corrective actions.
• Notify BNM of regulatory breaches.
• Submit secrecy breach report to Group Compliance Governance.
• Liaison with regulators, government bodies and associations.
• Attend to ad-hoc compliance advisory matters.
• Review tasks completed by subordinates and provide guidance.

Skills

Regulatory knowledge

Leadership

Stakeholder management

Analytical thinking

Written & verbal communication

Interpersonal skills

Team motivation

Independent worker

Education

Banking & Finance or related degree

Regulatory compliance knowledge in retail banking

Job description

To provide compliance advisory in projects and new business assessment, manage regulatory breaches and regulatory relationship, disseminate new/revised regulations to stakeholders, review Gap Analysis conducted by stakeholders to ensure compliance to the regulatory requirements through close liaison with stakeholders.

Key Responsibilities:

New/Revised BNM Regulations Management

• Disseminate new/revised BNM regulations to stakeholders.
• Disseminate regulatory/industry consultations to relevant business unit to comment/review and coordinate the responses for submission.
• Prepare and review of Gap Analysis/Attestation of Compliance for new/revised BNM regulations submitted by stakeholders, if applicable.
• Review and maintain the Gap Analysis Template Process.
• Maintenance of Regulatory Risk Matrix.
• Publish BNM regulations to InAlliance Portal.

Regulatory Advisory for New Initiatives/Products/Services/Projects

• Provide compliance advisory to assist business unit/support unit to manage their compliance risk.
• Review publication and communication materials.
• Provide compliance advisory on the new initiatives/projects of the Bank.
• Conduct training for new joiners and newly on-boarded customer facing staff, as and when required.
• Continuous engagement with business unit/support unit.

Regulatory Breach Management

• Review the Regulatory Breach Notification submitted by business unit/support function to ensure the reasonableness on their proposed corrective action plan.
• Notify BNM of any regulatory breaches.
• Submit secrecy breach report to Group Compliance Governance.

Regulatory Relationship

• Liaison party between the Bank and the regulators, government bodies and relevant associations.

Other Ancillary Functions

• Attend to any ad-hoc compliance advisory matters assigned by the GCCO, Head of GRA and/or VP of GRA.

Supervisory Roles

• Review tasks completed by subordinates for completeness and alignment to overall strategy and compliance framework.
• Provide guidance and supervision (if required), and motivation to team members to enable them to carry out their duties effectively on all functions/activities.

NOTE: Job descriptions are subjected to change at the discretion of the Management

Requirements:

Skills

• Sound knowledge of compliance and regulatory matters.
• Strong leadership and strategic thinking.
• Ability to influence and work collaboratively with colleagues across Group Compliance, Group Risk, Group Internal Audit, and other respective business unit/support unit.
• Good analytical thinking and problem-solving skills.
• Good writing and communication skills.
• Good interpersonal skills.
• Able to lead and motivate the team under supervision.
• Proactive and able to work independently as well as in a team.

Knowledge

• Professional qualification or Degree in Banking & Finance, Business Administration, Law or other relevant discipline.
• Knowledge in regulatory compliance relating to retail banking operations and products.

Experience

• At least 7 years of working experience in a financial institution.
• Experience in compliance, risk management or internal audit function is an added advantage.
• Experience in banking operations or product development is an added advantage.