Compliance Advisory (e-Communication Surveillance - Japanese Literacy Required)Job Responsibilities
Responsible for providing assistance to the business/support functions in managing their compliance obligations for the Bank, including Labuan Branch.
Facilitate the identification of compliance risks and obligations of the business/support units as well as monitoring and ensuring effective implementation of the relevant controls.
Provide advisory, training, and regulatory-related communications to assist the business/support units in managing their compliance risks.
Conduct periodic reviews on regulatory compliance related policies and procedures.
Preparation of any internal and external reports.
Monitor and communicate changes in rules and regulations (including publications by BNM, ABM, LFSA, and other relevant authorities) to the relevant departments on a timely basis.
Facilitate the identification of impact and quality documentation of compliance gaps and action plans arising from changes in rules and regulations.
Liaise with regulators for clarification on rules and regulations when required.
Assist the first line function in developing action plans to address compliance gaps.
Conduct periodic communication surveillance on phone conversations, emails, and any other recorded communication channels that fall within the scope of surveillance.
Monitor and report the status of completion of action plans, including verification of the effectiveness of such action plans.
Attend to queries on regulatory issues from relevant departments, including contacting BNM for any clarifications if required.
Conduct the annual regulatory risk assessment to identify areas requiring action to form part of the Annual Compliance Action Plan and carry out such activities within the timeline.
Review and update the regulatory compliance related training materials.
Conduct training on regulatory compliance related topics and, when necessary, arrange for an external trainer to conduct such training.
Review and enhance any regulatory compliance related policies and procedures to ensure their relevance.
Prepare and compile reports relating to regulatory compliance for the Board and its Committees, including Regional and/or Head Office reporting.
Coordinate with the Regional office on in-office Compliance Committee Meetings.
Ensure prompt response to any audit/regulatory review findings.
Job Requirements
A Bachelor's Degree.
An AICB certification.
A minimum of 5 years working experience in the Banking industry.
Good interpersonal and analytical skills.
Well-versed with guidelines issued by BNM.
Japanese literacy is a must to be able to read and listen to business conversations.
Sumitomo Mitsui Banking Corporation (SMBC) operates globally with extensive overseas branches that offer a broad range of financial services.
Due to its incorporation of a wholly owned subsidiary in Malaysia, SMBC is now inviting you to be part of its talent pool where you can grow with us.
This is indeed a good opportunity for you to chart your career collaboratively with SMBC to greater heights.#J-18808-Ljbffr