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JOB PURPOSE
Manages processes and controls established for the purposes of First Line of Defense to achieve and sustain BU’s risk-based compliance with applicable laws, operational and regulatory requirements and to assist BU to ensure that compliance responsibilities owned by them are met.
This position will be overseeing both securities and Investment Banking. Key responsibilities are to overseeing these critical functions i.e. compliance with applicable laws, operational and regulatory requirements, as well as risk management processes for both securities and investment banking.
By merging business partners in Securities and Investment Banking (IB) under the newly established Strategic Partnership and Governance Head within the Chief Operating Officer’s Office (COO); it will help to reduce duplicated efforts and allows for a more unified strategic approach. Additionally, a consolidated entity can leverage on combined resources, expertise, and client relationships, potentially leading to increased market share and profitability.
KEY RESPONSIBILITIES
Strategic leadership
- Develop and implement a comprehensive strategy for compliance and risk management aligned with the Bank’s goals
- Provide strategic direction to ensure effective risk mitigation and adherence to relevant legal and regulatory standards
Process management
- Oversee the establishment and maintenance of robust processes for compliance and risk management
- Collaborate with cross-functional teams to integrate compliance and risk management into various business processes
Regulatory Compliance
- Stay abreast of change in laws and regulations, ensuring the Bank’s compliance with all applicable requirements
- Develop and maintain a proactive approach to anticipate and address emerging compliance issues
Risk Assessment and Mitigation
- Conduct risks assessments and implement measures to mitigate identified risks
- Foster a risk aware culture within the Bank
Reporting and Documentation
- Ensure accurate and comprehensive documentation of compliance measures and risk assessments.
Team Leadership
- Provide guidance and coaching, training to team members
Collaboration and communication
- Foster effective communication and collaboration with internal stakeholders external partners and regulatory bodies.
- Act as a liaison between the compliance and risk management functions and other departments within the Bank
Business Risk and Compliance Manager
- Play a pivotal role in leading and coordinating the business risk and compliance functions within AHIBB.
- Ensure the Bank’s compliance with relevant laws, regulations and industry standards
- Conduct regular audits and assessment to monitor and enforce compliance
- Drive a culture of continuous improvement within the business risk and compliance management functions
- This includes day-to-day/ad hoc roles that need to be performed which is specific to the departments’ concerned example audit tracking, regulatory gap analysis etc.
SKILLS/REQUIREMENTS
- Bachelor degree and/or professional qualification in a relevant discipline
- 10 -15 years’ experience in Investment & securities industry;
- Not less than 15 years of experience in Compliance in the financial institutions
- Understanding of the regulatory and compliance requirements applicable to the assigned BU(s).
- Strong written and oral communication.
- Proven project leadership capabilities and an ability to coordinate the efforts of people and resources not under their direct control.
- Ability to read technical compliance material and distil the applicability of the regulations to their respective business unit.
- Sound cultural sensitivity to manage relationship with people
- Strong analytical skills.