Head of Compliance Department

Job Title: Head of Compliance Department
Contract Type: Permanent
Location: Vietnam (Ho Chi Minh City)
Salary: Negotiable
Start Date: 14 Apr 2020
Reference: en-5386
Contact Name: Luong Thi Hoan
Contact Email:
Job Published: April 14, 2020 11:52

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