We are seeking a dedicated individual to provide comprehensive compliance support and guidance, ensuring adherence to the Bank’s regulatory framework and requirements, encompassing new business initiatives, product launches, outsourcing agreements, and third-party arrangements.
Responsibilities:
Offer ongoing compliance support and advice for day-to-day operations, ensuring alignment with the Bank’s compliance framework.
Proactively monitor and evaluate new and emerging regulations issued by regulatory authorities such as MAS, PDPC, and others.
Assess and address regulatory breaches as they arise, maintaining regulatory compliance at all times.
Validate customer complaints related to investment and insurance sales and advisory processes.
Develop and uphold compliance frameworks and policies to ensure regulatory adherence.
Evaluate the adequacy and effectiveness of internal controls, procedures, and guidelines to manage Compliance risks appropriately.
Conduct regulatory compliance training sessions for Bank staff, covering relevant policies, procedures, and thematic trainings on new MAS and/or BNM regulations.
Drive or participate in projects aimed at implementing internal policies or regulatory requirements.
Support in preparing reports for governance meetings and liaise with regulatory authorities on inquiries, reporting, inspections, or investigations.
Coordinate internal and external audits within the compliance department, including commenting on and closing audit findings and/or recommendations.
Requirements:
5 years of Regulatory Compliance experience within a bank
Knowledge of Banking Act, FAA, SFA, PDPA
Sloane | Shorey
Sloane Shorey Consulting is a specialist recruitment firm focusing on compliance, controls and risk management positions across Asia. We are a Ministry of Manpower Licensed Employment Agency (EA License 20S0307).