Job Description
Job Highlights:
- Develop and lead department's strategy to align to the Bank's global and regional direction/vision.
- Develop and maintain strong stakeholder management with key stakeholders both within the bank and externally.
- Work in partnership with colleagues in Head Office to discuss local Compliance & Internal Controls issues and seek guidance to resolve issues.
- Work in partnership with colleagues in Head Office or various Regional departments to seek policy advice to support in decision making on Branch Compliance & Internal Controls issues.
- Work in partnership with colleagues in various departments in the Branch to seek support for the implementation on Compliance & Internal Controls processes, policies or frameworks.
- Update Senior Management on new regulatory notices and provide recommendations or solutions to meet the regulatory requirements.
- Support the team to maintain the relationship with the regulators and industry bodies.
- Responsible for managing (objective setting & performance management), developing (coaching, career progression & training) and rewarding (financial and non-financial reward decisions) Direct Reports.
- Act as a role model to team members and adhere to all branch policies / guidelines.
- Support, coach and guide complex Compliance & Internal Controls issues.
- Review new local regulatory notices and recommendations prepared by team and provide input into recommendations.
- Oversee compliance (Local laws and regulations monitoring) & Internal Controls audit activity and support the team to lead difficult conversations with departments in the Branch on audit recommendations, if necessary.
- Review local regulator audit requests and coordinate information to be shared.
- Maintain Branch governance framework as well as to review framework updates prepared by the team.
- Oversee the team in providing sound compliance advice on matters including but not limited to regulatory notices, Know Your Customer, Anti-Money Laundering, Sanctions, Anti-Bribery, Conflict of Interest and Non-Public Information Material. Especially, implement and oversee system for AML Risk Assessment requested by local regulator and Head Office.
- Review new Branch policies to ensure alignment with all relevant laws and regulations & Internal Controls.
- Responsible for assessing and updating departments frameworks and to deliver continuous improvement and ensure compliance with relevant regulations
- Oversee the lead large departmental initiatives to drive process improvement/ efficiency.
- Provide Subject Matter Expertise in relation to process improvement and risk mitigation
- Participate in relevant committees within the Branch, especially host Monthly Compliance Committee.
- Report to management on the audit recommendations, recommending opportunities/risks and appropriate actions.
- Maintain good working knowledge of industry trends, products, relevant laws and regulations & Internal Controls.
- Act as a trusted advisor to management/leadership team on Branch Compliance & Internal Controls related topics.
- Adhere to all branch policies as well as guidelines
Report to: Managing Director
Key requirements:
- Required to have at least 10-year experience of banking compliance
- Desirable to hold certificate of Anti-Money Laundering Specialist (CAMS), graduate in law major
- Strong stakeholder management skills to collaborate with other departments
- Strong communication skills with ability to influence others and disseminate Compliance & Internal Controls frameworks, processes and recommendations
- Strong coaching, mentoring and leadership skills to manage a team
- In-depth knowledge in Compliance specifically Know Your Customer, Anti-Money Laundering, Anti-Bribery, Conflict of Interest and Non-Public Information Material
- Strong knowledge of Banking products and services.
- Well versed in banking system including Core banking system, Transaction Monitoring System, related transaction systems