Job Description
Overview: Compliance functions are a key component of company’s second line of defence for managing compliance risks. Its role is to ensure that the company operates with integrity and adhere to applicable laws, regulations and internal policies. A strong, independent compliance function can mitigate risks related to misconduct, money laundering and other forms of non-compliance.
Accountability: The Compliance Management Function is accountable to the Board :
• Ensure the company puts in place adequate policies as required by the law including AML/CFT regulatory rules and framework
• Ensure all relevant staff are aware of the firm’s compliance measures including AML/CFT regulatory rules and framework
• regularly assess the Compliance control measures and procedures including AML/CFT
• Internal Audit: coordinates with the Internal Auditor the company’s internal audit(s) and tracks the remedial actions to close any compliance gaps
• Formulates the Compliance Management Policy
• Monitors and investigates Non-Compliance events and incidence(s)
• Performs Compliance Risk Assessment on the company’s Financial Products
• Reviews Policies for Operational Compliance Risk considerations
• Conducts and/or coordinates Risk Control Self-Assessments
• Be the primary “RO” (Reporting Officer) to local regulators
• In-charge of regulatory and STRs submission to related regulators
• Promptly reviews the applicable regulatory portal, updates the company on any new/amended circulars/regulations published by the relevant regulators
• responsible for licensing matters including ensuring license application requirements is complied with the Regulatory Compliance Management Function should ensure that the company is compliant with applicable government regulations and reviews factors that could negatively affect its applicable license(s) to operate.
Scope: Functionally, the Regulatory Compliance Management Function of Razer Fintech is made up of the following key functions: a. Compliance Management and Operational Compliance b. Regulatory Compliance, including Licensing matters c. Compliance Risk Assessment and Policy Management
Requirements
• Bachelor’s degree or Professional Qualification in the relevant discipline such as Banking, Accounting, Finance, Legal
• Head/Directors: 4 to 8 years work experience with relevant experience of a risk/audit/compliance/fraud
• Investigation related roles and of working within the relevant business/function preferred investigation related roles and of working within the relevant business/function preferred
• Excellent communication skills both, verbal and written
• An understanding of compliance drivers and ability to articulate compliance risk to non-compliance personnel In depth knowledge of Compliance Requirements related to Sales, Business Development, Commercial related functions
• Able to work independently, demonstrated managerial, leadership and facilitation skills, good presentational skills
• Strong interpersonal skills with good stakeholder management
• Multitasking, meticulous attention to detail, good analytical and problem-solving skills 3 Knowledge on payments processing across cards, online banking, e-money business operations, finance and IT (where relevant)
Additional Information
Career Level
Manager
Qualification
Not Specified
Years of Experience
5 years
Job Type
Full-Time
Company Overview
About Souqa Fintech
Souqa Fintech is the leading Islamic fintech company in Malaysia and recognized as the fast growing fintech in Malaysia. WhatsApp Pat your CV +60192391116
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