Job Description

JOB PURPOSE To perform the compliance functions as well as to implement and monitor the compliance program on group wide basis. This includes group oversight on reporting and escalating compliance matters to the Board and Senior Management, implement and monitor the group compliance framework and the policies, dissemination of new/changes in regulatory requirements followed with effective management of the compliance risk. Ensure the awareness and compliance with new regulatory requirement when needs arise. ACCOUNTABILITIES Group Oversight - Compliance Monitoring and Reporting To prepare the periodic compliance report to the Management Committee, Board Committee and Board of Directors covering the group compliance activities / matters, breaches / non-compliance issues, AML/CFT initiatives as well as update on new / revised regulations / regulatory development and applicable industry standards. To manage, review and maintain the compliance inventory on the compliance issues / activities a well as timely escalation of significant issues to the Management and the Board. Ensure all rectification plans to non-compliance issues are address and implemented in accordance to the timeline. To prepare the monitoring report with regards to operational risk mattes on regular basis including monitoring the Key Risk Indicators (KRI), Risk Appetite Statement (RAS) and Risk Control Self-Assessment (RCSA). To ensure the gap analysis exercise on the regulatory issuance is properly conducted, monitor the dissemination process of the gap analysis to the respective stakeholder as well as the closure of the gap analysis exercise and action plan (if any) required to address the identified gaps. To monitor the regulatory submission deadline received from various sources, e.g. kijangnet, physical letter, email, etc. and ensure timely submission to the regulators. To provide the advisory and point of reference to subsidiaries on compliance and governance issues / matters including the interpretation of laws, regulations as well as group compliance process. Group Compliance Governance, Policy and Procedures To monitor the development of compliance framework, policies and procedure (policy documents) covering all aspect of compliance functions and processes at the division level as well as group wide basis. To conduct periodical review of the approved compliance framework and policy documents to be in-line with the regulatory requirements and Bank\'s standards for division and group wide basis. To develop the Annual Compliance Plan including the group wide compliance activities. To ensure the policy documents are disseminated and communicated to the relevant stakeholders. Centralized Liaison with the Regulators or External Bodies To coordinate the engagement and centralized liaison with regulators, Law Enforcement Agencies (LEA) and External Bodies pertaining to AML/CT or regulatory compliance e.g. regulatory site visit, clarification of guidelines / policies, request for information, etc. To review and monitor any communication between The Bank and regulators. Centralized Depository of Regulatory Circulars, Notices and Guidelines To act as central repository for all regulatory issuances including submissions, circular, directive, notices, new / revised guidelines / polices. Ensure these issuances / documents are captured from the regulatory portal, emails, letters on daily basis and properly recorded in the regulatory tracking To review and analyze the impact of all the issuances as well as ensure these documents are timely disseminated and communicated to the relevant stakeholders Risk Analytics and Assessment To establish the group risk analytics and compliance risk assessment on Bank wide and group basis To conduct review on the compliance risk assessment for the Bank wide and group on periodical basis as to reflect the risk level and Bank\'s risk appetite To monitor and report on compliance risk assessment to the Board and Senior Management Engagement with Group Compliance Officers (GCOs) and Business Unit Compliance Officers (BUCOs) To proactively engage with Compliance Officers from each entity within Affin Bank Group on frequent basis To coordinate periodic meeting to discuss on compliance related matters / issues with GCOs and BUCO To manage and review the appointment of BUCOs and BUCO representatives Committee Meeting Secretariat To perform the secretarial function for Management Committee (Governance, Risk and Compliance) meeting To coordinate the meeting arrangement with the relevant committee members including meeting invitation, consolidation of meeting agenda and documentation as well as minutes of meeting Compliance Culture, Awareness Training and Skillset Development To facilitate / coordinate relevant training for compliance staff as well as other staff on compliance related matters REQUIREMENTS Bachelor\'s Degree in Finance, Accounting, Business, Economics or related field Minimum 8 years of relevant working experience in financial services related industry or regulatory compliance work.

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