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JOB PURPOSE
To assist the Head, Regulatory Advisory in implementing and monitoring of the compliance program for business divisions and ensure effective management of the compliance risk in the business activities in meeting with the relevant regulations, directives and laws emanating from external regulators that impact the business and operations of the Bank.

ACCOUNTABILITIES

To assist the Head, Regulatory Advisory in the followings:

Advisory Support

-          Provide advisory on regulatory matters to facilitate internal stakeholders and the relevant Business Units/Support Units (BUs/SUs) in complying with the relevant laws, regulations and guidelines.

-          Participate in business specific projects based on portfolio to facilitate the relevant BUs/SUs in complying with the relevant laws, regulations and guidelines.

-          Proactive monitoring of business specific regulatory developments.

Products and Services Assessment

-          Review product program and identify regulatory risk on new product and variation of existing product is in compliance with the regulatory requirements.

-          Review the services that will be offered to customers or outsourced to a service provider is in compliance with the regulatory requirements.

-          Review and provide clearance on non-marketing materials.

Communication with Regulators

-          Act as liaison officer for BUs/SUs to communicate with regulators for clarification on regulatory related matters as well as responding to regulators’ inquiries.

-          Review letters to regulators and provide feedback from regulatory perspective.

Advertisement and Marketing

-          Review and provide clearance on marketing materials, where required.

Documents and Other Review

-          Review policy and procedures of BUs/SUs and to provide feedback from regulatory perspective.

-          Review, recommend and ensure all rectification plans to non-compliance issues are  completed and implemented.

Training/Culture

Assist Head of Regulatory Advisory in :-

-          conducting training/awareness on compliance and regulatory matters.

-          promoting compliance culture and practices of      compliance in the Bank.

-          implementation of compliance framework and initiatives  on a group wide basis.

Others:

-          To undertake any other duties as assigned by Head of Regulatory Advisory and/or GCCO

-          To support and carry out the compliance function on behalf of team member within the Regulatory Advisory.