Executive Director, Compliance Executive Director, Compliance …

BOS Wealth Management Malaysia Berhad (a subsidiary Bank of Singapore)
in Petaling Jaya, Malaysia
Permanent, Full time
Last application, 07 Jan 22
20,000-30,000
BOS Wealth Management Malaysia Berhad (a subsidiary Bank of Singapore)
in Petaling Jaya, Malaysia
Permanent, Full time
Last application, 07 Jan 22
20,000-30,000
Posted by:
Azrul Azhar • Recruiter
Posted by:
Azrul Azhar
Recruiter
The incumbent is expected to look into the following:  Establishing and implementing a sound regulatory compliance and AML framework and function in BOSWM MY in line with BOS Group policies and procedures and local regulatory requirements.  Responsible for managing the compliance function in BOSWM MY with full responsibility for ensuring regulatory compliance and strong internal control environment.  Manage and maintain positive relationship with the local regulators, including anticipating local regulatory expectations and responding to regulatory queries and findings.  Member of the BOSWM MY Management Committee.

Main Duties

Specific duties include:

  • Draft and implement Compliance policies and procedures and controls to comply with BOS Group policies and procedures and local regulatory requirements.
  • Oversee the Compliance department of BOSWM MY covering both AML and regulatory compliance.
  • Provide AML and regulatory advice as a trusted advisor to the Front Office and other business units.
  • Continuously review and monitor the compliance risks of the BOSWM MY’s business activities, selling practice and cross-border activities to ensure compliance with regulatory requirements.
  • Ensure timely completion of the Compliance workplan as agreed with the Global Head of Compliance.
  • Ensure satisfactory audit results and timely closure of audit issues and responsiveness to address audit deficiencies.
  • Manage turnaround time and avoid backlogs for client onboarding and other compliance monitoring.
  • Ensure timely escalation of compliance issues to Global Head of Compliance and local Management.
  • Direct involvement in client on-boarding and subsequent periodic review.
  • Tabling of compliance reports to the Board
  • Facilitate a culture of compliance and prudent risk taking in the BOSWM MY by promoting ownership of front office as first line of defense for AML regulatory, suitability and cross-border risk through training and proactive engagement.
  • Ensure positive employment engagement and staff development, including developing talent and invest in training to deepen compliance bench strength.
  • People management, set goals and evaluate performance of the team members.
  • Responsible for setting direction, coach, mentor and train team member.

Work Experience and Requirements

  • At least 15 years’ Compliance experience in a financial institution, with at least 5 years in a managerial capacity.
  • Knowledge of local regulatory requirements.
  • Ability to work in a multi-cultural environment.
  • Hands on with operations of the Compliance function, including client on-boarding, transactions monitoring, client periodic review.
  • Effective communication skills – fluent in English (spoken and written).

Company Overview

BOS Wealth Management Malaysia Berhad opens doors to new opportunities. Join us and build your career with BOS Wealth Management Malaysia Berhad. At BOS Wealth Management Malaysia Berhad, we are constantly on the lookout for exceptional individuals to join our team. We promote a culture of openness, teamwork and fairness. Most importantly, we invest in our people through our programmes that develop them on both professional and personal levels. Besides attractive remuneration packages, we offer non-financial benefits and opportunities to develop your potential. If you have passion, drive and the will to succeed, rise to the challenge today!

Interested candidates are invited to apply online with a detailed and updated resume, stating personal particulars, qualifications, current and expected salary.

Human Resources Department

BOS WEALTH MANAGEMENT MALAYSIA BERHAD 199501006861 (336059-U)

A subsidiary of Bank of Singapore

09-02, Level 9, Imazium

No. 8 Jalan SS 21/37

Damansara Uptown

47400 Petaling Jaya Selangor

Fax: 03-7712 3001

www.boswealthmanagement.com.my

(only short-listed candidates will be notified)

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