Digibank (Malaysia) : Head of Compliance

Digibank (Malaysia): Head of Compliance Job Description : Job Description: We are living in exciting times. Technology is reshaping how we live and we want to use it to redefine how financial services are offered. Grab is leading a consortium for Digital Bank license and build a bank with the right foundation: using data, technology and trust to solve problems and serve customers. We have big dreams to unlock and financial inclusion for people in our region is just one. If you have what it takes, help build our new Digibank with us. The day: to: day activities: Responsible for leading and directing development of compliance strategies for Digital Bank. Develop compliance policies and lead the assessment, monitoring and reporting of compliance risks, investigating incidents and taking appropriate action to ensure company Management and the Board are provided with a suitable and proactive second line of defense for compliance.

Set the strategy and objectives aligned to the regulators direction

Design and implement, within the wider risk framework, structures, policies and processes that integrate the principles of effective compliance into daily operations, encourage behavioral change and drive good governance across the company

Determine the overall priorities for Compliance Operate the Financial Crime (e.g. OFAC) and Core Compliance programmes, training and reporting

Enhance compliance awareness through regular communication and ensure required staff training is provided

Responsible for developing and recommending a suite of policies appropriate for underpin the ongoing governance / monitoring / challenge of the companies business performance in accordance with regulations

Responsible for maintenance, roll: out and periodic review of Systemic Integrity Risk Analysis Evaluate the current status of compliance activities through the completion of periodic heat map meetings withcompliance specialists, as well as attendance at relevant meetings and take appropriate action to address any shortfalls

Responsible for regulatory reporting and managing regulatory relationships

Identify regulatory changes and proposing required actions and assist management in making appropriate management decisions in the light of key compliance issues, risks and priorities

Lead communication with Board, Senior Management and relevant committees to provide compliance status and recommendations for improvement Develop the Annual Plan for undertaking periodic surveillance reviews of compliance arrangements, reporting any findings to senior management, and tracking the resolution of the issues identified be proactive in identifying compliance risk areas

Build good relationship with regulators and be the lead liaison for the bank with regulators

Keep abreast of the latest regulatory developments around the region and the world that would impact digibanks and fintech The must haves: At least 10: 15 years of working experience in compliance management in a complex environment, with a Malaysia focus in banking, fintech, or payments industry University Degree Level / Compliance qualifications: Masters degree preferred/ legal or accountancy qualified preferably complemented with a post graduate (executive master) degree in Compliance/Risk Management

Proven track record of being involved in system development relating to compliance, e.g. automating regulatory submissions or Anti Money Laundering processes and putting together a compliance process from scratch

Extensive relevant local consumer banking experience with a deep conceptual understanding of Regulatory Compliance, Anti Money Laundering, establishing control frameworks and leading on good governance

Proven experience in maintaining good relationships with regulators Significant experience of leading at a senior level, interpreting and delivering against strategic objectives

Ability to construct and deliver clear presentations to senior company executives

Ability to empathise and collabor