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Job Purpose Summary
Responsible for PFS first line of defense in line with the Compliance 3 lines of defense model.
Ensure PFS Compliance is aligned with Group Compliance framework, initiatives and activities that are in line with HLB’s strategic direction on regulatory and global standards.
Responsible for advising and supporting respective business units within PFS on compliance with regulatory requirements.
Responsible on governance of implementation of regulatory compliance within PFS.
Functional (job responsibilities)
Policy, Framework, and Governance
Design, lead, implement and maintain HLB’s Compliance frameworks, ensuring policies and procedures are regularly reviewed and updated to align with legal, regulatory requirements, and
internal standards/risk appetites for the assigned portfolio and serve as a subject matter expert.
Drive initiatives to revise existing or adopt new internal processes to meet evolving regulatory requirements for the assigned portfolio.
Oversight or coordinate for governance committee (e.g., RCGC, FCGC) matters, issues, and events with potential regulatory, reputational, or financial impact for the assigned portfolio.
Work closely with relevant stakeholders to derive cross-functional compliance-related policies and standards for the assigned portfolio.
Assurance, Review, and Advisory
- Compliance Self-Assessments (CSA) and Compliance Independent Reviews (CIR) validating the quality of work performed by business units.
- BNM Reviews and other regulatory information requests.
- Review and validation of the quality of work performed by business units, identifying gaps and potential areas for improvement.
Provide advisory and guidance to business units of the assigned portfolio on Assurance & Advisory matters, with a focus on product governance and impact of new regulations.
Develop and implement a plan for checking and governing the compliance controls of business units of the assigned portfolio.
Continuously explore opportunities to reduce manual oversight by automating compliance checks.
Regulatory Implementation and Gap Assessment
Lead the timely implementation of all relevant new legislation and regulations impacting business units of the assigned portfolio, particularly those related to product compliance.
Validate gap analyses performed by business units of the assigned portfolio and drive remediation until all identified gaps are closed.
Ensure timely closure of gaps identified during independent reviews on product compliance of the assigned portfolio.
Stakeholder Management and Culture
Act as the key liaison with Group Compliance regarding Compliance Assurance & Advisory matters of the assigned portfolio.
Drive and facilitate a strong culture of compliance across business units of the assigned portfolio within PFS.
Establish and share best practices and competitor benchmarks to enhance compliance maturity.
Build and maintain strong working relationships with Business Heads, Group Compliance, Group Risk,
Group Internal Audit, and other relevant functions (including Legal and Hong Leong Islamic Bank for
Shariah compliance).
Lead compliance projects initiated by Group Compliance for the assigned portfolio, where necessary.
Ensure timely and accurate regulatory reporting and the reporting/escalation of compliance issues or
incidences of the assigned portfolio to management and Group Compliance.
Experience/Requirements
Minimum of 5 years’ managerial experience in a banking and financial institution with relevant exposure in Compliance, Risk or Audit.
Deep understanding and knowledge of legislative aspects / regulatory requirements of banking and financial institutions
Demonstrate ability to effectively communicate, both orally and in writing, through all levels of the organization.
Leadership skills with the ability to see the big picture without losing attention to details.
Possess analytical and critical thinking. Attentive to details and processes investigative nature.
Special Skills
- Audit, Legal, Risk or Compliance experience
- Proven ability to work in a dynamic environment and pivot between different roles within Compliance function.
About Hong Leong Bank
We are a leading financial institution in Malaysia backed by a century of entrepreneurial heritage. Providing comprehensive financial services guided by a Digital-at-the-Core ethos has earned us industry recognition and accolades for our innovative approach in making banking simpler and more effortless for our customers. Our digital and physical offerings span across a vast nationwide network in Malaysia, strengthened with an expanding regional presence in Singapore, Hong Kong, Vietnam, Cambodia, and China.
We seek to strike a balance between diversity, inclusion and merit to achieve our mission of infusing diversity in thinking and skillsets into our organisation. Candidates are assessed based on merit and potential, in line with our mission to attract and recruit the best talent available. Expanding on our “Digital at the Core” ethos, we are progressively digitising the employee journey and experience to provide a strong foundation for our people to drive life-long learning, achieve their career aspirations and grow talent from within our organisation.
Realise your full potential at Hong Leong Bank by applying now.
