Manager, Regulatory Compliance

Straits Investment Bank Ltd; Kuala Lumpur; On-site; MYR 180,000 - 300,000; Full time

Job summary

Straits Investment Bank Ltd in Malaysia is seeking a Senior Regulatory Compliance Manager to lead regulatory change management and translate LFSA requirements into robust policies and controls across Labuan banking operations.

You will work closely with the MLRO, coordinate regulatory submissions, and implement risk-based monitoring plans while providing independent challenge to strengthen compliance and governance.

Qualifications

• Degree or equivalent with substantial relevant experience.
• 5–8 years in banking regulatory compliance or related advisory.
• Experience managing compliance reviews, remediation projects and policy work.
• Strong knowledge of LFSA requirements and Labuan operations preferred.
• Clear written and spoken English with governance experience.

Responsibilities

• Monitor and interpret LFSA regulations, guidelines, circulars and licence conditions.
• Assess implications for SIB and provide clear management recommendations.
• Lead regulatory gap assessments and implement action plans.
• Maintain the regulatory obligations register and monitoring plan.
• Oversee regulatory submissions, renewals and required notices.
• Develop and update compliance policies, procedures and guidance.
• Prepare board papers and regulatory reporting on developments and progress.
• Deliver targeted training to enhance staff understanding of obligations.
• Provide independent challenge while working with MLRO and departments.
• Ensure timely completion of remediation activities and governance.

Skills

Regulatory compliance

Regulatory change management

Policy development

Risk assessment

Stakeholder engagement

Education

Degree in law, banking, finance, accounting, business

Job description

Manage SIB's regulatory compliance activities, ensuring that applicable requirements are identified, assessed and translated into effective policies, controls and operational practices. The Manager will work hands on with regulatory change implementation, compliance monitoring, regulatory submissions and remediation activities. Working closely with the MLRO and relevant departments, the role will provide independent challenge and practical advice to strengthen compliance across SIB's Labuan investment banking operations.

Key responsibilities

Monitor and interpret applicable legislation, LFSA guidelines, circulars, licence conditions and regulatory communications; assess their implications for SIB and provide clear recommendations to management and relevant departments.

Lead regulatory gap assessments and implementation plans, assigning action owners and monitoring completion.

Maintain a comprehensive regulatory obligations register.

Assess proposed products, services and operational changes for regulatory implications, including required approvals or notifications.

Develop and execute a risk-based annual compliance monitoring plan for approval.

Conduct thematic reviews and control testing across relevant business and support functions.

Manage the regulatory submission calendar and coordinate timely completion of returns, notifications, applications and renewals.

Develop and maintain compliance policies, procedures, manuals and internal guidance.

Prepare compliance reports and Board or committee papers covering regulatory developments, findings, breaches and remediation progress.

Deliver targeted training and guidance to improve staff understanding of regulatory obligations.

About you

Degree in law, banking, finance, accounting, business or a related discipline; equivalent professional qualifications and substantial relevant experience may also be considered.

Preferably 5 to 8 years of experience in banking regulatory compliance, compliance assurance or financial services regulatory advisory.

Demonstrated experience independently managing compliance reviews, regulatory implementation projects, policy development and remediation.

Strong working knowledge of LFSA requirements and Labuan banking operations is preferred.

Experience preparing regulatory correspondence and management or Board reports.

Working knowledge of corporate governance, outsourcing, prudential requirements and regulatory reporting.

Sound regulatory judgement and strong analytical ability.

Clear, accurate written and spoken English.

Ability to provide practical advice while maintaining independent challenge.

Strong ownership of deadlines, deliverables and corrective actions.