This job is overseeing compliance with laws and internal policies.
You might like this job because it involves developing policies, conducting audits, and training employees on compliance matters.
RM 6500
Petaling Jaya
Full-Time
few days ago
Job DescriptionJob Summary:
The Compliance Officer will be responsible for overseeing the organization's compliance with regulatory requirements and internal policies.
This include implementing and managing an effective compliance program, conducting regular audits, training staff on compliance matters and ensuring the Company's operations adhere to legal and ethical standards.
Key Responsibilities
Regulatory Compliance:
Ensure the Company complies with all applicable laws, regulations and standards
Monitor and interpret new laws, regulations and industry trends to update compliance practices accordingly.
Liaise with regulatory bodies and ensure all required reporting and documentation are submitted timely and ensure proper documentation of review.
Policy Management:
Develop, implement, and maintain compliance policies and procedures
Regularly review and update company policies to align with current regulations
Communication and enforce compliance policies across the organization
Work closely with the Company's business and legal functions to monitor and test the adequacy of the Company's compliance and risk management efforts.
Audits and Investigations:
Develop compliance audit plan and conduct internal audits to ensure compliance with company policies and regulatory requirements
Investigate compliance issues, breaches, or complaints and recommend corrective actions
Prepare reports on compliance activities, audit findings, and any non-compliance incidents
Training and Development:
Develop and deliver compliance training programs for employees
Educate staff on legal requirements, ethical standards, and the importance of compliance
Ensure all employees understand their responsibilities related to compliance
Identify potential compliance risks related to money laundering, terrorist finance, and other financial crimes and develop strategies to mitigate them.
Work closely with risk management team to assess and manage organizational risks.
Maintain a risk-based compliance monitoring program and perform annual risk assessment on internal control system and operation procedures and recommend solutions to mitigate the identified risks and improve controls.
Reporting:
Report on compliance activities to senior management and the board of directors
Provide regular updates on compliance trends, risks and the effectiveness of compliance prgorams
Main records of compliance activities, including investigations audits and training session
Any other duties as and when assigned from time to time.
Job RequirementsQualifications and Requirements:
Bachelor's degree in Financial, Business Administration or a related field
Minimum of5years experience in compliance, risk management or a related field
In-dept knowledge of regulatory requirements and compliance standard relevant to the P2P or financial industries
Excellent communication skills and attention to details
Candidates from Banks or FinTech environment will have an added advantage#J-18808-Ljbffr