Regulatory Compliance Lead

Boost Bank; Kuala Lumpur; On-site; MYR 240,000 - 360,000; Full time

Job summary

Boost Bank in Kuala Lumpur seeks a Senior Regulatory Compliance Lead to establish and promote standards and oversee the compliance program across the bank. You will advise the CCO, CEO and Board on regulatory requirements and support governance of product lifecycles with a focus on effective controls and risk management.

Responsibilities include developing compliance policies, managing regulatory submissions, and leading staff training within a fast-paced, technology-driven banking environment.

Qualifications

• 5-7 years of working experience in compliance, audit or risk management in the financial industry.
• Professional accreditation in regulatory compliance.
• Excellent communication and stakeholder management at senior levels.

Responsibilities

• Develop and implement compliance programs, policies, and procedures.
• Provide regulatory oversight and engagement for the Bank, including submissions.
• Design and manage a compliance management process and reporting.
• Monitor governance-aligned policies, procedures and framework.
• Oversee regulatory license applications, renewals and compliance conditions.
• Serve as 2nd line of defence to ensure strategies meet regulations and policies.
• Lead regulatory engagements and staff training on compliance.
• Identify and assess regulatory requirements for business lines.
• Advise governance of product/service lifecycle and conduct risk in agile settings.
• Lead internal control improvements.

Skills

Regulatory compliance

Stakeholder management

Communication skills

Leadership

Education

Certificate in Regulatory Compliance (AICB)

Job description

Responsible to ensure regulatory compliance and to set standards & promote effective implementation of legal, regulatory and operational measures for complying to regulatory requirements. Monitoring and testing of regulatory compliance levels of the bank and continuously assess, review and adjust the compliance program for relevance and effectiveness and is consistent with expected standards of applicable laws and regulations. The role would also provide advisory and management support to the CCO, CEO, Management Committee, Board of Directors, and Bank's Stakeholders on all matters related to regulatory compliance.

Key responsibilities

• Developing and implementing compliance programs, policies, and procedures to ensure compliance with relevant laws, regulations, and industry standards.
• Provide regulatory and compliance oversight and engagement for the Bank – including regulatory advocacy and submissions
• Design, implement and manage an overall compliance management process and control systems within the organisation including but not limited to policy making, overseeing of parameters and reporting of regulatory compliance activities for the Bank.
• Formulation, revision and ongoing monitoring Compliance policies, procedures, and framework in line with governance obligations
• Oversees the submissions for regulatory applications on licenses, approvals, registrations and renewals, and monitoring of maintenance of these and compliance with conditions attached.
• Represent 2nd line of defence by ensuring that business strategies and initiatives comply with regulations, internal policies and procedures
• Lead regulatory engagements for the business and ensure necessary compliance training for staff
• Facilitate and support business line in identification and assessment of regulatory compliance requirements
• Provide regulatory and compliance advisory in the governance of product/services life cycle and conduct risk assessment in agile environment.
• Lead the development and implementation of internal control improvements.

About you

• Professional Accreditation: Certificate in Regulatory Compliance (Asian Institute of Chartered Bankers)
• At least 5-7 years of working experience in compliance, audit or risk management in the financial industry
• Good interpersonal skills & ability to influence, constructively challenge and negotiate at all levels, particularly with senior stakeholder management, C-suites and Board of Directors
• Outstanding communication and people skills
• Strong knowledge of industry's regulations, applicable law, and guidelines
• Able to recommend a pragmatic approach for problem solving
• Able to work in a regulated & technology-based business
• Good teamwork and ability to manage and motivate team members in startup environment
• Able to work in a fast-paced, collaborative environment that keeps flexibility and innovation at its core