Risk & Compliance Specialist (Manufacturing)

Jobstreet Malaysia; Penang; On-site; MYR 70,000 - 90,000; Full time

Job summary

A multinational medical device company in Penang is looking for a Risk & Compliance Specialist to support compliance initiatives and manage risk management activities. The role involves working closely with local management teams, developing compliance programs, and ensuring adherence to laws and industry standards. The ideal candidate should have experience in compliance management and an understanding of local regulations.

Qualifications

• Experience in developing and maintaining Compliance Management Systems.
• Strong understanding of national laws and regulations.
• Ability to conduct compliance audits and training programs.

Responsibilities

• Support the Head of Risk & Compliance in compliance management.
• Analyze compliance risks and develop mitigation plans.
• Conduct training programs for employees about compliance.

Job description

Risk & Compliance Specialist (Manufacturing)

The Risk & Compliance Specialist position is to support the Head of Risk & Compliance, Global Risk & Compliance in the development, implementation, and maintenance of the Compliance Management System and Programs, including promotion, monitoring and auditing compliance with the applicable national laws and regulations, industry standards and Code of Conduct, Policies, and Procedures, and to act as the focal point of risk management, business ethics and compliance activities in Malaysia.

Responsibilities

• Strategical level
  • Assist the Head of Global Risk & Compliance on providing reports on a regular basis to Executive Management and the Board of Directors.
  • Support the management teams in Malaysia in relation to risk management, business continuity, integrity and business ethics & compliance.
  • Serve as chair of the relevant Local Compliance Committees, including scheduling meetings and developing meeting agendas.
• Tactical level
  • Work with Malaysia management teams to ensure all areas of risk are properly mitigated in each country and territory and the allocation of resources appropriately matches the level of risk.
  • Analyze existing and new compliance risk areas and trends.
  • Conduct compliance country reviews and develop mitigation plans for specific countries.
  • Be a trusted advisor and business partner to the business.
  • Develop, maintain, and disseminate written policies and procedures to address existing and new compliance risk areas.
  • Develop, coordinate, and document annual and targeted compliance-related educational and training programs, including appropriate introductory training for new employees as well as ongoing training for all employees and managers.
  • Assist, respond to and investigate alleged and suspected violations of laws and regulations, industry standards, The Code of Conduct, Policies and Procedures, conduct root cause analysis and take documented corrective action, including disciplinary action, where appropriate, and oversee a system of uniform handling of such violations.
  • Identify, propose, and implement appropriate technology and compliance assurance systems to facilitate compliance with current and future laws, rules and regulations internationally.
  • Contribute to global compliance projects and initiatives as part of the Global Risk & Compliance department.
  • Oversee national compliance programs, ensuring close collaboration with local management and compliance representatives from relevant regional production sites within the designated region to maintain adherence to regulatory standards and other components of the Compliance Management System.
• Operational level
  • Promote risk management, integrity, ethical behavior and compliance among our business partners.
  • Support quarterly risk reporting and ongoing business continuity planning at local level.
  • Support the legal team in maintaining compliance with anti-trust/competition and Data Privacy laws and regulations.
  • Identify, mitigate and control risks related to third parties.
  • Be a subject matter expert on:
  • Code of Conduct and other global compliance policies
  • Transparency regulations
  • Regional and local Industry Standards and regulations (e.g., AMMI)
  • Compliance best practices
  • Conduct ongoing internal and external monitoring and/or auditing to assess continued adherence to the Compliance Policies and Procedures.

About the company

Multinational medical device company located in Penang.