Senior Specialist, Compliance Review Team 1

RHB Bank Berhad; Malaysia; On-site; MYR 120,000 - 180,000; Full time

Job summary

RHB Bank Berhad in Malaysia seeks a dedicated compliance professional to lead the annual regulatory review process across its nationwide branch network. You will work closely with management to identify and address compliance gaps, monitor emerging regulatory risks, and report findings to the Board.

The role involves coordinating with BCOs/BRCOs, driving corrective actions, and ensuring timely implementation of new regulations while maintaining a culture of excellence within the bank.

Qualifications

• Minimum 5 years in compliance/audit within financial services.
• Strong understanding of regulatory updates and risk management.
• Excellent stakeholder engagement and report writing skills.

Responsibilities

• Perform and initiate annual compliance review plan across ~208 branches nationwide.
• Health checks for business/functional areas across the bank.
• Gap assessments on new and/or revised regulatory requirements.
• Forward-looking, current or emerging risk relating to regulations across all sectors.
• New regulations that have been issued and/or updated by regulators and implemented by the Bank in the past year.
• Past incidences / non-compliances and remediation.
• Collaborate with management to evaluate and investigate compliance issues identified during the review.
• Conduct exit meetings with management to articulate compliance concerns.
• Work with BCOs/BRCOs to develop/implement corrective action plans for resolution of issues.
• Monitor performance of the annual review plan and accommodate ad-hoc regulator requests.
• Ensure reporting of non-compliances to Board and Management.
• Provide regular reports to keep Board and Management informed of compliance issues.

Job description

1. Perform and initiate annual compliance review plan, taking into consideration of the following:
   • Approximately 208 branches nationwide
   • Health checks for business/functional areas across the bank
   • Gap assessments on new and/or revised regulatory requirements
   • Forward-looking, current or emerging risk relating to regulations across all sectors
   • New regulations that have been issued and/or updated by the regulators and fully implemented by the Bank within the past year
   • Past incidences / non-compliances
2. Always keep abreast with the latest regulatory updates, trends and best practices.
3. Collaborate with management to appropriately evaluate and investigate compliance issues/concerns identified during the review.
4. Conduct exit meetings with management to articulate any compliance issues/concerns.
5. Work closely with BCOs/BRCOs and the management to develop/implement corrective action plans for resolution of compliance issues/concerns.
6. Monitor the performance of the annual compliance review plan and ensure appropriate steps are taken to accommodate any ad-hoc activities/requests from the regulators.
7. Ensure reporting of non-compliances or potential non-compliances are documented and reported to Board and Management.
8. Provide reports on a regular basis, and as directed or requested, to keep the Board and Management informed of compliance issues/concerns.
9. Responsible for management of team members within the team, facilitating workflow and capacity management at team-level. Coach those within their team and help them to develop their careers. Resolve escalated issues raised by the team members.

A mantra for our clients, customers, partners and every member of the RHB family. Yes, you. Our employees are one of the reasons we are here today. Dynamic, forward-thinking and progressive, there is a reason why we are an award-winning financial institution. Join us today and be a part of a winning family. At RHB, we take pride in our people and our teams. Great relationships built on trust, a 'leading it right' environment, challenging assignments and a culture of excellence are the pillars to the dynamic and diversified workplace we call home. As we grow towards realising our aspirations, we promise a workplace built on the five pillars – RHB Cares; RHB Leads; RHB Inspires; RHB Progresses; and RHB Rewards.