Senior Manager, Compliance Review

Affin Bank Berhad; Kuala Lumpur; On-site; MYR 180,000 - 300,000; Full time

Job summary

Affin Bank Berhad seeks an experienced Compliance Monitoring professional to assist the Head of Compliance Monitoring in implementing regulatory reviews across the bank. The role focuses on monitoring internal controls, attestation reviews and ensuring alignment with Bank Negara rules and best practices.

You will coordinate with stakeholders and drive corrective actions. The ideal candidate has 10+ years in financial services compliance, strong analytical and communication skills, and relevant

Qualifications

• Minimum 10 years in financial services-related field or regulatory compliance.
• Degree in Accounting/Finance or related discipline preferred.
• Knowledgeable in Bank Negara and securities rules/regulations; regulatory framework experience.
• Strong writing, presentation and communication skills; able to convey complex information clearly.

Responsibilities

• Assist HCM in the compliance/thematic review plan and execution.
• Prepare and update Compliance Test Programs prior to reviews.
• Ensure activities align with policies, regulatory requirements and best practices.
• Prepare monthly/quarterly compliance reports and track remediation actions.
• Coordinate with stakeholders and monitor remediation progress; track BHBCS/Bnm/GIA findings and follow ups.

Skills

Analytical skills

Communication skills

Presentation skills

Written communication

Interpersonal skills

Independent work

Ability to work under pressure

Regulatory compliance knowledge

AML/CFT knowledge

Education

Degree in Accounting/Finance

Regulatory compliance qualification

Job description

Create the future with Affin! You too can make a difference. We continuously innovate to transform our financial services landscape - making banking better and easier. Join us at AFFIN, where the open minds meet and be inspired by a shared commitment to great work. You too can make a difference.

JOB PURPOSE

To ensure the activities and business of Affin Bank Group are carried out in accordance with rules and regulations and to provide updates on compliance related matters to the Head. Assist the Head of Compliance Monitoring (HCM) in the implementation of all activities ensuring in line with regulatory requirements and best practices. This mainly encompasses the task of monitoring and review of appropriate controls put in place in managing the compliance risk within the bank. The responsibility shall be in line with the bank’s Compliance Policy including relevant compliance procedural, plans and programs. The tasks include making regular assessment on the effectiveness of the internal controls put in place in managing the compliance risk within the bank focusing on the process of complying with the regulatory requirements (e.g. BNM and others) by the various departments and divisions. The compliance tool program being embedded as part of the business’s operational program is also a focus in performing an independent assessment on the effectiveness of stakeholders measures to mitigate non-compliance risks pertaining to critical regulatory and internal requirements. The reviews will cover all products and business operations under conventional and Islamic.

JOB ACCOUNTABILITIES

To assist the HCM in the followings: Ensure the implementation of the compliance / thematic review plan Execution of the compliance thematic review exercise according to the approved plan including attestation reviews and other ad-hoc reviews Prepare and update Compliance Test Programs prior to commencing any reviews to help determine the outcome of the control testing by noting any observations and rating controls accordingly. Ensure implementation of the bank’s activities are in line with policies and procedures, regulatory requirements and best practices Observe deadline on the CMP reviews assignment Attend entrance /exit sessions with stakeholders where applies Prepare and monitor compliance review plan according to the timelines set under approved compliance plan. Monitor team outstanding action plans and recommendation in the Tracking Remedial Action and continuously updated until closure. Tracking of audit issues raised by BNM and Group Internal Audit related to Compliance Review (BHBCS):

• Maintain list on audit findings in relation to BHBCS raise by BNM and GIA (if any).
• Follow-up status of remedial action until closure.

Ensuring all reports is carried out with accuracy, integrity and in a timely manner Produce reports from the CMP reviews and ensure timely and effective reporting highlighting regulatory weaknesses and areas of non-compliance (if any) for management and stakeholders, together with recommendations for corrective action. Prepare monthly/quarterly report for compliance review status and outstanding issues to be updated to GMC GRC and GBCC timely. Ensure proper coordination with stakeholders to ensure smooth delivery of duties/tasks that exceptions raised are properly followed-up. Perform periodic monitoring, tracking remedial actions and follow ups on corrective actions made by stakeholders Perform validation and attestation Training and skill set development Facilitate / provide relevant training to branch / hub / business centre. Facilitate /provide compliance training to other staff of the bank (where necessary). Prepare training materials and review on regular basis. Others Perform other additional tasks as required from time to time by the HCM Prepared & submit the report related to Ops Risk Dept (e.g. RCSA, KRI etc.) on monthly/quarterly basis.

JOB REQUIREMENTS

Qualification and Experience Minimum 10 years in financial services-related field or Regulatory compliance work preferred. Degree in Accountancy/ Accounting/ Finance/ Auditing/ Banking Services/ Economics/ Legal preferred or other equivalent qualification Knowledgeable in Bank Negara, Securities Commission rules and regulations; Skills and Knowledge Strong analytical, communication and presentation skills Possess strong initiatives and positive attitudes with a good writing skill, communication skills as well as interpersonal skills Able to work independently with minimum supervision, strong reporting skills Able to work under pressure and handle multiple tasks in a fast-paced business environment. A proactive individual with good initiative and drive, resourceful and creative. Staff also possesses the relevant qualification including Certification in Regulatory Compliance and Certification and Advanced Certification in AML/CFT are highly encouraged for the position Strong initiative and positive attitude with good writing, communications and interpersonal skills

People are the heart of AFFIN BANK. We have a positive and supportive environment where we celebrate people’s personal growth and encourage them to be the best versions of themselves, both in the workplace and in their community.

Join AFFIN as we evolve to become a financial institution of the future, embracing innovation and technology to deliver unrivaled customer service. We're looking for colleagues who share our values and are ready to live them every day. Explore the exciting opportunities and make a real impact on the future of finance. Come be a part of our journey today!

"Always About You" At AFFIN, we strive to always connect and engage with our customers, to understand their changing needs and aspirations better. It represents our passion and commitment to the community we operate in, enabling us to quickly respond to changes and provide a personalised experience. At AFFIN, our people are aligned to our values of customer centricity, creativity and value creation. Our tagline "Always about you", was crafted to drive loyalty and build our reputation as a creative and innovative financial organisation. Our people are at the heart of what we do and remain the focus of our customer centric culture. It’s about the initiatives we take in understanding and prioritising our stakeholders; our customers, employees and shareholders. As we venture through this metamorphosis journey, we are aware of their ever-changing needs and are embracing the new ways of this digital dimension. We put our hearts and minds into everything we do, to ensure that everyone we touch, receives unrivalled customer service.