Compliance Monitoring

Req ID : 7259

Job Description : Summary

To provide independent assurance to the Board and Senior Management on the state of the Bank's compliance with the regulatory requirements and adherence to the Bank's internal policies by performing systematic compliance reviews and validating the controls.

Duties and Responsibilities

• Assist the Head of CMT in in developing, implementing, monitoring, testing and maintaining an effective compliance program to address all regulatory requirements relevant to Bank Islam.
• Provide guidance and directions to the team members in relation to review fieldworks and other administrative functions.
• Stay abreast of changes in compliance rules and regulation to ensure Bank's policy and procedure are still relevant and reflective of current prevailing standards.
• Ensure monitoring and testing approach as well as assurance processes are in line with industry standards and Division's expectation.
• Prepare the relevant reporting deliverables such as Compliance Review Report, Compliance Management Report, etc. to be tabled at the relevant Senior Management and / or Board meetings.
• Meet expectations of Head of CMT, DCCO and CCO in respect of meeting target deadlines, accuracy, completeness and integrity of data and reporting, including high quality of output.
• Perform testing on implementation of regulatory and internal requirements to ensure that internal controls are operating as intended.
• Perform monitoring function, review and analysis of key-control self-assessment (KCSA) or other key compliance risk indicators to identify potential non-compliances / breaches and outstanding issues.
• Facilitate briefings and regular updates to stakeholders.
• Prepare and ensure timely submission of RCSA and RLE.
• Multi-task and work in a talent pool instead of a concentrated scope of work.
• Assists to promote and inculcate compliance culture within the Bank.
• Any other duties / assignment as and when directed / assigned by the superior as per business requirement from time to time.

Specific Skills / Knowledge and Certification Required