Executive IT Compliance Advisory
Full-time
Senior Executive
Kuala Lumpur, Federal Territory of
20 hours ago
Job PurposeResponsible for ensuring Regulatory and Operational IT functions are in accordance with relevant laws and regulatory guidelines, fostering a strong compliance culture in the Bank’s overall environment and ensurin
Job Purpose
Responsible for ensuring Regulatory and Operational IT functions are in accordance with relevant laws and regulatory guidelines, fostering a strong compliance culture in the Bank’s overall environment and ensuring operations within regulatory compliance.
Job Description
- IT Compliance Advisory
- Provide advisory services on IT compliance related to regulatory and operational requirements.
- Participate in IT project/ task force as advisor or reference point and serves as a key point of reference for the business unit (BU) and stakeholders in relation to regulatory guidelines.
- Act as liaison officer between bank and regulatory bodies, banking associations, and authorities. Respond to inquiries from internal and external parties to ensure alignment with compliance expectations and deliverables.
- IT Compliance Reviewer
- Develop annual compliance review plan for the IT domain, encompassing regulatory policy documents, CRR, and upcoming regulatory requirements.
- Conduct an independent IT compliance review to ensure IT adhere to applicable compliance criteria and required standards.
- Follow up on the action plan according to compliance findings in the review activities.
- Independent IT Compliance Assessor
- Perform an independent assessment on IT and Digital proposal/concept paper signoff prior submission to the Management Committee and BNM submission (where necessary).
- Ensure proposed concept adherence to internal and external policy guideline.
- Administration
- Ensure the Compliance Risk Control repository is consistently updated.
- Prepare/facilitate internal and external reporting to Management, Board and regulators (where applicable).
Other requirement
Capability in overseeing cybersecurity domain to mitigate technology-related risks will add significant value.
Basic Qualifications
- Bachelor/ Degree in any IT discipline.
- Minimum 3 years of experience in a related field such as Compliance, Audit, Risk Management, or IT is required for this position.
- Relevant Compliance, AML, Audit and Risk-related Certifications and /or any other relevant certification with regard to Compliance from the Asia Institute of Chartered Bankers (AICB) is considered an added advantage.
- Relevant IT certification and Project Management Professional (PMP) from recognized bodies, foundations i.e. ITIL, Prince2, TOGAF is an added advantage.
- Experience in banking operations regulatory compliance, operational compliance, IT or product knowledge is an added advantage.
- Technical competencies
- Demonstrated with regulations/guidelines of Bank Negara Malaysia, Acts, company laws, and compliance framework pertaining to the financial services industry
Perks & Benefits
- Nearby public transport
- Central location
- Casual dress code
- Medical insurance
- Personal development opportunities
- Dental insurance
"Bank Rakyat was established on 28 September 1954 under the Cooperative Ordinance 1948 (known as the Cooperative Societies Act 1993). Today, Bank Rakyat is the biggest Islamic cooperative bank in Malaysia with assets totaling RM89.18 billion as at end of December 2014. The transformation in 2002 of the Bank from a conventional banking system to a banking system based on Syariah has enabled the Bank to record encouraging profits year after year. For the financial year ending 31 December 2014, we have recorded a pre-tax and pre-zakat profit of RM2.16 billion. We continue to expand our product range and customer facilities that are varied and innovative. The products and facilities include consumer banking, commercial financing, savings and investments as well as products of financial planning to satisfy the many demands of a wide spectrum of modern day customers. Efficient delivery channels continue to be expanded and continuously improved. We continue to maintain a friendly corporate image to place us on a sound footing as Your Choice Bank. We have received various recognitions as an industry player and as an outstanding cooperative organization in Malaysia as well as internationally. The Bank is rated sixth in Malaysia and 273rd in the world rankings bestowed by The Banker Magazine's Top 1,000 World Banks survey. Other awards achieved include Best Islamic Bank 2014 - Global Islamic Finance Award (GIFA), CEO of The Year - National Award for Management Accounting (NAfMA) and Best Syariah Programme - MasterCard. As an entity under the control of the Ministry of Domestic Trade, Cooperatives and Consumerism, we are committed to support the mission of the Ministry to consolidate the cooperative sector as the mainstay of economic growth of the nation via all the efforts and steps that we have arranged. To date, we have 148 branches with more than 800 automated teller machines (ATMs) and cash deposit machines (CDM), and 91 Ar-Rahnu X'Change nationwide.
