Consumer Banking Compliance Advisor – M’sia / Indonesia recruitment
Responsibilities (include but are not limited to the following):
- Establish and maintain effective processes, including training, advice and support, to assure that the functions’ policies and standards relating to regulatory and AML/CFT compliance are effectively implemented in the country.
- Support the Country Head of Compliance in delivering the Regulatory Relationship Plan and ensuring the consumer banking (CB) strategy and key initiatives are included as part of the plan.
- Support preparation of the regulator’s inspection of the CB business by attending to information requests, pre-inspection questionnaires and enquiries during the regulator’s inspection.
- Advise on and provide support to the CB business on material AML/CFT and regulatory compliance issues as required and proactively monitor business specific AML/CFT and regulatory developments.
- Provide guidance on proper applications and interpretation of laws and regulations applicable to the CB business.
- Ensure proactive and timely identification, dissemination and advice of regulatory changes and practices and associated risks.
- Proactive identification of material AML/CFT and regulatory compliance risks in the business, including those related to products – both existing products and those under development.
- As part of the products approval process, ensure material AML/CFT and regulatory compliance risks are identified and appropriately mitigated. Review and approve the Country addenda of Product Approval Documents for local and cross-border regulatory risks.
- Ensure adequacy of controls to mitigate AML/CFT and regulatory compliance risks.
- Raise awareness of, and address AML/CFT and regulatory compliance risks and issues by providing specific training on regulations and AML/CFT policies.
- Implement CB Compliance Monitoring Program and ensure timely conduct of compliance reviews.
- Assume active involvement in management of critical issues that have a significant regulatory impact on the Bank’s business operations within the country.
- In the event of serious regulatory breaches, or where risk tolerances have been breached, be responsible for ensuring the relevant business and Senior Management are informed and that actions are taken quickly to remediate and/or activities are ceased.
- Contribute to the effective management of AML/CFT and regulatory compliance risks in-country.
- Work with Country Head of Compliance and Group teams as necessary to ensure coverage of all compliance and regulatory work related to acquisitions undertaken at country level.
- Responsibilities also extend to activities supporting the Group, its subsidiaries, related and associate companies.
Requirements:
- Mid-level (7+ years) and senior level (10+ years) for CB compliance experience
- Knowledge of Shariah law would be a bonus (though not essential)
- Incumbent should be driven and willing to contribute to a progressive and dynamic organisation
Taylor Root Singapore
Taylor Root - a member of The SR Group
EA Licence No. 10C4100
February 23, 2012
• Tags: Consumer Banking Compliance Advisor, Indonesia recruitment, M'sia, Retail Banking careers in the Malaysia • Posted in: Financial