REPORTING: Internal Control and Compliance Manager
JOB DESCRIPTION
· Conducts the implementation of the branch compliance plan
· Respond to regulatory authorities’ routine queries and coordinates completion of survey and other request for information
· Develop and perform periodic compliance reviews
· Investigates compliance breaches and customer complaints
· Draft the annual compliance plan for HOD and management approval
· Conducts compliance training and provides advisory on Banking Act, SFA and FAA and other compliance matters
· Implement and update compliance policies and procedures based on Head Office, and local regulatory requirements
· Prepares/reviews periodic reporting to local regulatory authorities, Head office and Management
· Tracks/monitor changes and updates on local regulations, conducts briefing and discussions on implementation with relevant departments and post implementation review
· Conducts annual regulatory risk assessment
· Any other tasks or duties assigned by Head of Department or Company from time to time
JOB REQUIREMENTS
· Recognised bachelor degree or above, preferably in Business or related discipline At least 3 years of relevant experience in a regulatory compliance role.
· Experience in SFA/FAA advisory
· Performed compliance review/compliance testing such as
· Balanced Scorecard Review, Private Banking Sales Advisory Review, Continuing Professional Development review, Fit and Proper Review etc OR Due diligence for New Product onboarding/Product variation of existing products
· Working Knowledge of Banking Act would be an advantageous
· English, and Mandarin to liaise with Chinese speaking employees
· Strong knowledge in local rules and regulations
Good interpersonal skills to handle stakeholders across multiple departments