Compliance Monitoring & Testing

• 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.

• A strong understanding of the relevant legislation and regulatory requirements issued by BNM, Labuan FSA, SC, PIDM, etc.
• A proven track record of identifying, assessing and advising on the impact of regulatory change and the actions required to minimize any impact.
• A detailed understanding of the systems and processes involved in the development and launch of new products and their subsequent distribution.
• Strong stakeholder engagement and influencing skills, combined with an ability to build strong working relationships.
• Ability to perform a variety of functions at various levels internally & externally.
• Ability to multi-task, highly numerate with great attention to detail and must be able to manage expectations and work independently.

Bank Islam