Executive, Strategic Compliance

Executive, Strategic Compliance

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**Job Purpose**

To assist the Head of Strategic Compliance in performing the compliance functions as well as to implement and monitor the compliance programme group wide. This includes group oversight on reporting and escalation of compliance matters to the Board and Senior Management, implement, and monitor the group compliance framework and the policies, dissemination of new/changes in regulatory requirements followed with effective management of the compliance risk. Ensure awareness and compliance with new regulatory requirements as relevant.

**Responsibilities**

**1. Group Oversight - Compliance Monitoring and Reporting**
- Prepare periodic compliance reports for the Management Committee, Board Committee and Board of Directors covering the group compliance activities/matters, breaches/non-compliance issues, as well as update on new/revised regulations/regulatory development and applicable industry standards, e.g. regulatory compliance updates including subsidiaries reporting on compliance risk management and escalation of any non-compliance issues faced, and executive summary for the Board of Directors', and BNM's Composite Risk Rating (CRR) related matters.
- Assist to manage, review and maintain compliance inventory on compliance issues/activities as well as timely escalation of significant issues to Management and Board.
- Ensure all rectification plans in relation to non
- compliance issues are addressed and implemented in accordance to the timeline.
- Provide the advisory and point of reference to subsidiaries on compliance and governance issues/matters including the interpretation of laws, regulation as well as group compliance processes.

**2. Compliance Governance and Procedures**
- Support the development and revision of compliance framework, policies and procedures, covering all aspect of compliance functions and processes at the division level as well as group wide, accordingly.
- Maintain the record of all the group compliance framework, policies and procedures (policy documents) including the updated policy documents.
- Ensure the effective dissemination and communication of Policy Documents to the relevant stakeholders.
- Conduct periodical review of the approved compliance framework and policy documents to be in-line with the regulatory requirements and Bank's standards for division and group wide basis. Support the development of the Annual Compliance Plan including group wide compliance activities.

**3. Centralized Liaison with the Regulators or External bodies**
- Assist to coordinate the engagement and centralized liaison with the regulators, Law Enforcement Agencies (LEA) and External Bodies pertaining to AML/CFT or regulatory compliance e.g., regulatory site visit, clarification of guidelines/policies, request for information, etc. Review and monitor communications between the Bank and regulators.

**4. Centralized Depository of Regulatory Circulars, Notices and Guidelines**
- Act as a central repository for all regulatory issuances including submissions, circular, directive, notices, new/revised guidelines/policies.
- Review and analyze the impact of all the issuances/documents as well as ensure the timely dissemination and communication of these documents to the relevant stakeholders.

**5. Engagement with Group Compliance Officers (GCOs) and Business Risk and Compliance Officers (BRCMs)**
- Proactively engage with Compliance Officers from each entity within Affin Bank Group on a frequent basis. Coordinate periodic meetings to discuss on compliance related matters/issues with GCOs and BRCMs. Manage and review the appointment of BRCMs and representatives e.g., Designated Risk and Compliance Officers (DRCOs).

**6. Compliance Culture, Awareness Training and Skill set Development**
- Coordinate the compliance roadshows and campaigns Bank wide. Facilitate/coordinate relevant training for compliance staff as well as other staff on compliance related matters.

**7. Committee Meeting Secretariat**
- Provide secretarial support to the Management and Board Committees for Compliance. Coordinate the meeting arrangement with the relevant committee members including meeting invitation, consolidation of meeting agenda and documentation as well as minutes of meeting.

**8. Other and Ad hoc Duties**
- Maintain proper records of all documentation as well as facilitate the management or any administrative matters within the department. Perform other duties as and when requested by Head of Department or Head of Division.
- Propose any other function and/or tasks to be carried out that is deemed important t