Position Overview
The Team Lead, Regulatory Intelligence & Compliance Advisory is responsible for implementing measures that ensure adherence to appropriate compliance frameworks and procedures. This role aims to minimize financial and operational losses arising from non-compliance with the Bank's policies, procedures, and statutory regulations.
Key Responsibilities
- Regulatory Compliance Strategy: Develop and lead the Bank’s regulatory compliance strategy.
- Impact Assessment: Review proposed activities by regulatory agencies to determine potential impact on company operations.
- Regulatory Monitoring: Monitor and report current and proposed changes to the legislative and regulatory environment that affects the Bank’s operations or strategic plans and engage the appropriate areas of the business concerning these developments.
- Trend Analysis: Stay abreast of industry and compliance trends (local & international); recommend and implement changes to internal company processes as needed.
- Regulatory Submissions: Review regulatory submissions for conformance and compliance with rendition deadlines.
- Environmental Scanning: Undertake environmental scanning and provide advice through intelligence-led analysis.
- Risk Identification: Develop analysis of known and emerging compliance risks and opportunities.
- Intelligence Assessments: Complete intelligence assessments on regulatory issues that assist to formulate effective problem-solving strategies, policies and programmes.
- Rule-Book Monitoring: Co-ordinate the bank-wide regulatory monitoring function through the Rule-Book.
- Corporate Governance: Maintain and update the Bank’s corporate governance code and compliance framework. Ensure compliance and adherence to corporate governance codes and standards.
- Standards of Conduct: Develop and periodically review and update Standards of Conduct to ensure continuing currency and relevance in providing guidance to management and employees.
- Governance Improvement: Develop policy and procedure recommendations on Corporate Governance improvement within the Bank.
- Training Delivery: Develop and aid deliver various training courses on corporate governance within the Bank. Assist in developing the compliance training schedule incorporating results of compliance risk assessments.
- Compliance Advisory: Provide seamless and responsive front-line compliance advisory support to the business entity, ensuring a consistent approach to all matters.
- Product Compliance: Work with the product compliance team on new product, policies and proposition sign off. Participate in new product approvals alongside Compliance Advisory.
- Exception Management: Develop and lead the Bank’s Exception Management strategy. Monitor and report bank-wide exception trends and closure. Review regulatory exceptions for regularization and closure. Co-ordinate the bank-wide monitoring of exception logs and ensure prompt regularization.
Knowledge, Skills & Experience Required
- Education: Bachelor’s Degree in any discipline from a recognized institution. A Master’s degree is an added advantage.
- Professional Certifications: Recognized professional certification such as CFA, CIS, ACCA, ICPAK, CFP, CFE, ACAMS, IT Certifications, etc.
- Experience: Minimum of 15 years post-qualification experience in Compliance & Internal Control within the Financial Services Industry, with at least 10 years in the Banking Sector.
- Banking Operations: Deep knowledge of Domestic & International Banking Operations.
- Financial Acumen: Knowledge in Accounting & Credit Analysis / Appraisal, Accounting principles, GL structures, IFRS, and regulatory reporting standards.
- Risk Management: Proven understanding of Risk Management, Operational Risk, Assets & Liabilities Management, and Investment / Portfolio Management.
- Compliance Knowledge: Knowledge of eCDD systems, global KYC requirements, AML/CFT/CPF, consumer protection, and sanctions compliance.
- Soft Skills: Strong leadership, analytical, and investigative skills. Excellent written and verbal communication, presentation skills, and the ability to work as a team player. Discretion in handling confidential information.
