Senior Executive - Compliance (Assurance)

Hong Leong Bank; Kuala Lumpur; On-site; MYR 60,000 - 80,000; Full time

Job summary

A leading financial institution in Kuala Lumpur is seeking a Senior Executive - Compliance (Assurance) to support the review of regulatory compliance processes. The role involves validating compliance results, updating regulations, and reporting on areas of improvement. Candidates should hold a degree in Accounting, Finance, or a related field and have a minimum of 3 years’ experience in compliance within banking or financial institutions. Strong analytical skills and effective communication are essential for success. This is an opportunity to contribute to the organization's regulatory compliance efforts.

Qualifications

• Minimum of 3 years’ experience in banking or financial institutions.
• Specialization in Compliance or Internal Audit is essential.
• Knowledge of regulatory requirements in banking is required.
• Candidates from Business and Corporate Banking support roles may also apply.

Responsibilities

• Support the implementation of Compliance Review Framework.
• Assist in independent validation of business processes.
• Validate results for Compliance Assurance Tools.
• Map and review regulatory requirements across financial markets.
• Update stakeholders on regulatory compliance processes.

Skills

Good command of spoken and written English

Analytical skills

Critical thinking

Attention to detail

Effective communication

Education

Degree in Accounting/Finance/Banking/Economics/Law

Job description

Senior Executive - Compliance (Assurance)

This position is responsible for supporting the review of the Banking Group's existing processes to ensure compliance to regulatory requirements. Act as an independent unit to review and detect regulatory non-compliance by the Business and Support Units for local and overseas operations.

Key Responsibilities & Accountabilities:

Support the Managers to execute the implementation of Compliance Review Framework. The framework is to provide guidance on how to independently assess the Business / Support units (or functions)’s compliance to regulatory requirements.

On continuous basis, assist in the independent validation on the business and support processes at operational level aligning with regulatory requirements.

Validate results submitted by Business / Support Units for Compliance Assurance Tools and perform testing as and when required.

Map and review key regulatory requirements of other financial markets where the bank operates to compare against industry better practices.

Keep abreast of new legal regulatory and material regulatory changes, new developments and international better practices on Regulatory Compliance and validate to ensure requirements are embedded into the business processes.

Update regulations impacting the department and division. Perform gap analysis of the regulatory requirement and actual processes where required.

Updates stakeholders on their key processes with regulatory requirements. Report and follow up on areas of improvement, track and ensure closure of issues.

Assist in submission of relevant regulatory compliance reports to regulatory bodies on compliance matters.

Assist in consolidation of issues, slides preparation to be tabled at various meetings.

Job Requirements:

Degree in Accounting/Finance/Banking/Economics/Law.

Good command of spoken and written English.

Minimum of 3 years’ experience in a banking and financial Institution with specialization in Compliance or Internal Audit.

Knowledge of legislative aspects/regulatory requirements of banking and financial institutions and banking products is a must.

Demonstrated ability to effectively communicate, both orally and in writing, through all levels of the organization.

Possess analytical and critical thinking. Attentive to details.

Candidates from business support role in the Business and Corporate Banking (e.g. Trade Financing, Corporate Banking) and Wealth Management areas would also be considered.

Experience in Legal Risk would be an added advantage.