Manager, Compliance Assurance

Manager, Compliance Assurance

Hong Leong Bank
8-11 years
Not Specified

Job Description


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Job Summary:
Incumbent is responsible to independently review the Banking Group's existing processes and to provide advisory and solutions to ensure compliance to regulatory requirements. Act as an independent unit to review and detect regulatory non-compliance by the Business and Support Units for local and overseas operations.
Key Responsibilities & Accountabilities:
  • Lead the Regulatory Assurance review team in ensuring full execution of field work and report closure for reviews under Compliance Assurance Plan.
  • Assist Head of Compliance Assurance in the formulation of annual Compliance Assurance Plan which includes refresher of Compliance Risk Assessment ('CRA') and implementation of several assurance tools under Compliance Review such as Compliance Independent Review ('CIR') and Compliance Self-Assessment ('CSA').
  • Finalise Management reporting for Senior Management and Board on the results of the compliance risk assessment undertaken, highlighting summary of incidents of non-compliance and key changes in the compliance risk profile as well as areas where greater attention is needed.
  • Provide recommendations of corrective measures to be adopted by Business Units ('BUs') where internal control to address regulatory requirements and continuous monitoring of progress of corrective measures by BUs.
  • Design/enhance and execute the Compliance Self-Assessment ('CSA') for BUs to perform assessment on regulations applicability and validate their management of compliance risk according to particular rules and regulations.
  • Lead the engagement and establish partnership with stakeholders across business and support units for business growth and success. Constantly engaging stakeholders on their key processes with regulatory impact. Report and follow up with the results of the review, gaps and areas of improvement, track and ensure closure of issues.
  • Lead and provide guidance to team members to perform the review and other assurance tools effectively and efficiently.
  • Assist in submission of relevant regulatory compliance reports to regulatory bodies on compliance matters.

Job Requirements:
  • Candidates must possess at least a Bachelor's Degree, Post Graduate Diploma, Professional Degree, Finance/Accountancy/Banking or equivalent.
  • Minimum of 8 years managerial experience in a banking and financial Institution with specialization in compliance and/or audit.
  • Knowledge of legislative aspects/regulatory requirements of banking and financial institutions and banking products is a must.
  • Familiarity with auditing standards and principles.
  • Compliance Review process applicants are encouraged to apply.
  • Fluency in oral and written English language is essential while good command of Bahasa Malaysia is advantageous.
  • Demonstrated ability to effectively communicate, both orally and in writing, through all levels of the organization.
  • Possess analytical and critical thinking. Attentive to details and possesses investigative nature.
  • Strong team spirit player with a positive attitude and having the drive to improve processes.

Hong Leong Bank Berhad ('HLB') is a leading financial institution in Malaysia backed by a century of entrepreneurial heritage. Providing comprehensive financial services guided by a Digital-at-the-Core ethos has earned HLB various awards for its innovative approach in reimagining customer experiences and their banking journey. HLB's digital and physical offerings span across a vast nationwide network in Malaysia, strengthened with an expanding regional presence in Singapore, Hong Kong, Vietnam, Cambodia, and China.
Expanding on our 'Digital at the Core' ethos, we are progressively digitising the employee journey and experience to provide a strong foundation for our employees to drive life-long learning, achieve their career aspirations and grow talent from within HLB. HLB is the recipient of the Gold Award for Best Workplace Culture at the HR Excellence Awards 2019 for our efforts in nurturing a culture of high performance.
Thank you for considering HLB as your preferred employer and we look forward to receiving your application soon.

Hong Leong Bank ('HLB') stands proudly as a leading financial services institution based in Malaysia, providing a wide range of comprehensive and innovative financial solutions across the region. These services are delivered through both digital and traditional means, via online and mobile banking, as well as our digital branch concept to provide customers with an efficient and seamless experience aided by technology.As the service and financial landscape changes rapidly with the ever-increasing use of technology, staying attuned to customers needs and desires becomes even more critical to HLB's operations. To stay ahead of these dynamic changes, the Bank has adopted the approach of reimagining banking by embedding digital considerations and customer centricity in every aspect of our operations, from products and services as well as customer care and engagement.HLB's ethos of being Digital-At-The-Core powered by customers-at-the-forefront will continue to lead us to innovate offerings in line with our aspiration of being a highly digital and innovative financial services organization.

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