Manager, Regulatory Compliance

AEON Bank; Kuala Lumpur; On-site; MYR 120,000 - 180,000; Full time

Job summary

AEON Bank in Kuala Lumpur seeks a Manager of Regulatory Compliance to lead the design and execution of compliance programs, advise senior management, and train staff to reduce regulatory risk. The role involves working with regulators on submissions, monitoring controls, and ensuring adherence to evolving laws and standards.

The successful candidate will possess a law/finance-related degree, 5–8 years in compliance or related fields in banking, and strong analytical, writing, and communication

Qualifications

• Bachelor degree in Law, Accounting, Finance, Business Administration or related field.
• 5–8 years' experience in compliance, operational risk and/or audit in banking.
• Strong knowledge of applicable laws, regulations, and industry standards (AML, data privacy).
• Analytical with strong attention to detail and strong written/oral communication.

Responsibilities

• Support Head, Regulatory Compliance in implementing risk management framework.
• Stay abreast of regulatory changes and maintain regulatory inventory.
• Review gap analyses and coordinate measures for compliance to new/revised laws and standards.
• Coordinate and review regulatory submissions (discussion papers, exposure drafts, surveys).
• Oversee monitoring and assess compliance risk and internal controls.
• Maintain oversight on regulatory reporting and non-compliance remediation.
• Review and maintain compliance policies and procedures.
• Liaise with regulators on compliance matters.
• Advise business and stakeholders on compliance with laws and standards.
• Inculcate a compliance culture through training and briefings.

Skills

Analytical

Attention to detail

Oral communication

Report writing

Stakeholder management

Education

Bachelor degree in Law, Accounting, Finance, Business Administration or related field

Professional certificates in Compliance

Job description

A Manager, Regulatory Compliance ensures an organization adheres to relevant laws, regulations, and ethical standards. This involves developing and implementing compliance programs, conducting audits, and providing training to staff to mitigate risks. They act as a point of contact for regulatory bodies and advise senior management on compliance matters.

Job Responsibilities

• Support the Head, Regulatory Compliance in the implementation of compliance risk management framework in the Bank.
• Keep abreast with regulatory changes and maintain the regulatory inventory.
• Review gap analysis to ensure compliance to the relevant new/revised law, regulations and industry standards and work closely with relevant stakeholders to put the necessary measures in place for compliance to the regulatory requirements.
• Coordinate and review regulatory submissions in regards to discussion papers, exposure draft, survey, etc issued by the regulators from time to time.
• Oversee the compliance monitoring and assess compliance risk including the adequacy of internal controls to ensure compliance risks and issues are promptly identified, managed and mitigated in a timely manner.
• Maintain oversight on the regulatory reporting in the bank and regulatory non-compliance incidences and monitor remedial actions taken.
• Review and maintain compliance related policies and procedures.
• Liaise with the regulators on compliance related matters.
• Provide advisory to business and all other stakeholders on aspects with regards to compliance with laws, regulations and industry standards including new/enhanced product review.
• Assist to inculcate a compliance culture amongst all staff through training and briefings to ensure all employees are updated on the compliance related policies and latest regulations.

Job Requirements

• Bachelor degree in Law, Accounting, Finance, Business Administration or a related field. Professional certificates in Compliance will be an added advantage.
• At least 5 - 8 years’ working experience in the compliance, operational risk and/or audit in the banking industry.
• Possess good knowledge in applicable laws, regulations, and industry standards, such as financial regulations, data privacy, consumer protection, and anti-money laundering (AML) regulations.
• Highly analytical with strong attention to details, good oral and report writing skills with ability to interact effectively and manage stakeholders.