Job Description

Working Hour Regular Hours
Monday - Friday



Business Area Compliance



Location Malaysia - Kuala Lumpur










Description

Primary Objective:

Group IT Compliance

• Execute the Group IT Compliance\xe2\x80\x99s CoE strategy and ensure value delivery by curating team performance (managing the "what" and reponsible for the outcome of the team) and initiate continuous improvements.
• RHB Banking Group wide technology assurance encompassing
  • Malaysia - RHB Bank & Investment Bank MY and all subsidiaries (eg. RHB Asset Management, Trustee, RHB Insurance etc.)
  • Overseas Bank & Securities Branches \xe2\x80\x93 RHB Bank branches in Singapore, Cambodia, Thailand, Brunei, Laos, Vietnam ; for:-

• Group\xe2\x80\x99s Information Technology assets and processes are in compliance to the relevant regulatory; and

• Technology Compliance Thematic Review - Develop, plan and conduct reviews; and

• Independent Technology reviews imposed by regulators to identify gaps between internal process against regulatory requirements are highlighted to the respective MANCOs, \xe2\x80\x9cHost\xe2\x80\x9d country Board, GCRC and BRC

• Advisor to businesses and stakeholders in all Project Steering Committees (totaling 60 monthly for Malaysia)
• New products and services proposals and papers review to ensure adherence to technology regulatory requirements

Group Compliance Owned Application Systems

• Ensure the daily good working and maintenance of the various systems owned by GC
• Ensure the daily good working and maintenance of the AML System and maintenance of 4200 users across the Group for RHB Bank, RHB-IB, RHB Insurance in Malaysia, Singapore, Thailand, Brunei, Cambodia, Laos as well as and Vietnam expectations
• Address issues highlighted, proposed and solution new requirements as required by users

Key Responsibilities:

• IT Compliance

• Determine and responsible to develop Group IT Compliance strategy and plan, for advisory and testing and monitoring to deliver the long term target for Group Compliance for RHB Banking Group encompassing RHB Bank & IB Malaysia, RHB Insurance and RHB MY subsidiaries companies MY+ overseas, RHB Bank overseas branches, and RHB IB Overseas branches

Advisory

• Independent advisor in all IT Project Steering Committees for compliance considerations and inputs to identify potential risks and recommend opportunities for improvement. Main liaison with regulators for necessary notification/approvals prior to product launch

• Develop, plan and build awareness across RHB Banking Group (MY and overseas branches and subsidiaries) on technology risks, including cyber risks and resiliencies and controls among MY and regional IT personnel to adhere to Group governance and local regulatory requirements
• Work closely and guide relevant MY and regional Compliance/IT staff to identify and report on information risk, cross-border information sharing and offer remediation as appropriate

Testing (Independent review & Assessment)

• Control Function Testing & Monitoring
  • Develop, plan and perform periodic technology compliance thematic reviews across the Group to ensure Home and Host country adherence to regulatory requirements such as RMIT-MY, TRM-SG, TRM-KH etc and ensure escalation to Host country MANCOs and Board as well as GCRC, IBBRC and BRC

• Review IT projects (inclusive of vendor risk assessment in relation to compliance with Group policies and all appropriate regulations), new products, new technologies in conjunction with Group IT Governance/Group Technology Risk team, prior to implementation and provide feedback on any potential compliance/regulatory/risk impact.
• Regulator imposed Independent Technology review for the Group such as
  • annual SWIFT CSP for Malaysia, Singapore, Thailand, Brunei, Cambodia and Laos
  • Paynet independent review etc

• Main liaison with the relevant BNM team on regulatory requirements for IT projects, SWIFT CSP, Paynet, regulatory approvals etc
• Monitor and track levels of compliance to controls per regulatory requirements for MY and overseas presence
• Assess impact and gap analysis and translate new and existing regulatory requirements and ensure its incorporation into internal business context & documentation (e.g. circulars, SOPs, manuals, etc.) for MY (Bank/IB/subsidiaries) and all overseas presence
• Role under GC Agile transformation \xe2\x80\x93 provide Regulatory IT advisory and oversight for all new and ongoing IT related projects under GC including but not limited to : Foreign Exchange Notices system, FATCA/CRS reporting system, Integrated Trade Surveillance System, IB\xe2\x80\x99s FRN System, AML System matters related to Project RACE
• Provide key regulatory IT assessment and sign off to support Group Chief Compliance Officers\xe2\x80\x99s product readiness certificate sign off.
• Performs periodic review and independent compliance assessment to BNM RMIT which form part of the overall RMIT compliance assessment for the attention of Senior Management and Board Risk Committee and submission to BNM

• Group Compliance Systems

• AML System
  
  • daily monitoring and maintenance of the AML System that is being used across RHB Group Bank + IB in Malaysia, Singapore, Thailand, Brunei, Cambodia, Laos and Vietnam, to ensure system is up and running
  • ensure all issues highlighted by the more than 4200 AML System users, stakeholders, are being addressed
  • implementation of various components of the AML System to the relevant regional countries and RHB subsidiaries as required to comply with \xe2\x80\x9cHost\xe2\x80\x9d countries regulation, and liaising with \xe2\x80\x9cHost\xe2\x80\x9d country stakeholders, IT team to ensure timely implementation

liasing/socializing with \xe2\x80\x9cHost\xe2\x80\x9d country\xe2\x80\x99s regulators to comply with Host country out-sourcing requirements etc

• 
  
  • ensure best solution to cater for stakeholders\xe2\x80\x99 / business owners\xe2\x80\x99 requirements for interface to AML System
  • work closely with various stakeholder\xe2\x80\x99s/business owners/IT Support to ensure timely implementation of BAU initiatives/change request/system enhancements required for their products and services
  • ensure all relevant data segregation, user access is in compliance to Home and HOST country regulatory requirements

• Treasury Surveillance
  
  • RFP for a new Treasury surveillance system
  • Implementation of the new Treasury system
  • BAU maintenance of the new system
  
  

• FATCA-CRS ; &

• FEA ; &

• Securities Surveillance
  
  • daily monitoring and maintenance of the all the above GC owned system to ensure smooth running of systems
  • ensure all issues highlighted by users, stakeholders, are being addressed
  • ensure best solution to cater for stakeholder\xe2\x80\x99s / business owners\xe2\x80\x99 requirements
  • work closely with various stakeholder\xe2\x80\x99s/business owners/IT Support to ensure timely implementation of BAU initiatives/change request/system enhancements required for their products and services

Requirements
Requirements:
Bachelor Degree - a related field.

• Adequate experience in IT Compliance and AML/CFT risk management with wide exposure in local and global regulatory and sanctions requirements.

At least 10 years\xe2\x80\x99 of working experience in FI in IT Security/IT Infrastructure/IT Application Manager with IT solution/implementation experiences in MY and regional countries and banking operations knowledge.

• In-depth knowledge of IT Systems components such as hardware, software, OS, DB, messaging, IT security requirements, cyber security, APIs, cloud etc. Have implementation of IT applications experience including regional implementation with know-how of regional host country\xe2\x80\x99s regulatory requirements
• Able to work independently and possess good project management and communication skills.
• Self-motivated, results orientated, and advanced problem solving ability
• Strong team player; able to work with other leaders
• Strong problem solving skill to support issue resolution
• Adept at solving problems in a logical and fact-driven manner
• Highly adaptable and able to respond to change fast
• Resourceful and able to leverage network effectively
• Deep understanding of the strategic imperative
• Deep understanding of developments and future trends for strategic imperative
• Ability to collaborate and help the Team Lead
• Actively listens to others, understands and values others\' views
• Ability communicate opinions or views clearly
• Ability to engage with senior management

Benefits
Dental, Education support, Miscellaneous allowance, Medical, Loans, Sports (e.g. Gym), Parking, Vision, Regular hours, Mondays - Fridays, Casual Business Wear, Performance Based Rewards