Head of Compliance, MalaysiaRoyal Bank of Canada Putrajaya, Malaysia
Job Summary
Oversees day-to-day operations of the corporation's comprehensive compliance function and ensures consistency in approach to and compliance with internal business process rules and external regulations. Typically manages 2 or more specialized departments comprised of supervisors, managers, professionals, and/or large numbers of operational support employees.
Job Description
As part of the Chief Legal and Administrative Officer Group, Regulatory Compliance provides independent control and oversight of the management of RBC's regulatory compliance risks and controls, as it relates to laws, regulations and regulatory expectations relevant to the activities of RBC and subsidiaries in the jurisdictions in which they operate.
With the RBC Shared Services Malaysia (SSM) footprint expanding and a number of new onshore Compliance teams proposing to have activities performed from Malaysia over the coming months, the RBC Compliance function has approved the creation of this new Head of Compliance, Malaysia position. This role, reporting to the Head of Compliance Central Services, APAC will be responsible for:
Assessing and evolving the CCS Malaysia support/oversight model (e.g. via additional recruitment, where required) to ensure new Compliance activities can be effectively supported from both a Compliance Centre of Excellence (Coe) and CCS Malaysia perspective.
Assessing and embedding any new Malaysia Compliance controls and oversight arrangements (e.g. restricted access; oversight/monitoring) required to satisfy onshore Regulatory and/or RBC Compliance policy requirements/expectations.
Assessing and evolving the Malaysia CoE resource model (recruitment; cross-skilling; restructuring) to enable the effective take-up of new activities.
Working with the APAC Business Transformation Group (BTG) to secure additional floor space/seating (where required) and to agree budgets, transits and the cost reassignment methodology.
Leading on the recruitment and onboarding of employees required to fulfill new Service Level Agreements, including new team leaders where required.
Assessing and evolving Malaysia CoE Compliance controls & oversight arrangements (where necessary) to satisfy any new Compliance-specific onshore requirements/expectations/conditions.
Supporting onshore regulatory or audit requests/questions relating to Compliance owned activities offshored to Malaysia.
Promptly providing supporting data to enable Onshore Compliance Activity owners to fulfil their oversight responsibilities (e.g. information relating to risk assessment refreshes; the ongoing status of KPIs and KRIs for each activity offshored).
Job Requirements:
Experience working in a similar Shared Services set-up for an international bank/financial institution
Effective communicator both verbally and in writing
Strong analytical skills
Strong attention to detail
Compliance risk management focused in outlook
Ability to multi-task
Ability and willingness to accept accountability and ownership, demonstrate initiative, work with limited direct supervision and support effective and efficient cross-unit co-operation.
Job Skills:Audits Compliance, Critical Thinking, Data Gathering Analysis, Decision Making, Financial Regulation, Industry Knowledge, Interpersonal Relationship Management, Product Services, Risk Management, Strategic Thinking
Additional Job Details:
Address:PERSIARAN IRC 2, IOI RESORT CITY IOI CITY TOWER ONE:PUTRAJAYA
City:Putrajaya
Country:Malaysia
Work hours/week:40
Employment Type:Full time
Platform:CHIEF LEGAL & ADMIN OFFICE GRP
Job Type:Regular
Pay Type:Salaried
Posted Date:2024-11-22
Application Deadline:2024-12-27
Note:Applications will be accepted until 11:59 PM on the day prior to the application deadline date above.
Inclusion and Equal Opportunity Employment:At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
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