The Regulatory Compliance team is responsible for the implementation of compliance programs including the bank’s compliance policies and procedures, regulatory documentation, and regulatory compliance training program.
A Regulatory Advisory Associate will facilitate the provision of regulatory advisory support to the different functions within the Bank under the guidance and supervision of the Head of Regulatory Compliance & Governance. Key responsibilities include:
- Set policies and establish written guidelines according to which the bank and its businesses are expected to manage and maintain oversight on risks, including compliance with applicable laws, regulatory and market conduct requirements;
- Monitor regulatory changes and advice, assist and/or support various stakeholders in the conduct of their business or operations, with the view to assess the impact on the bank’s regulatory obligations;
- Provide advice and guidance to internal stakeholders including the Senior Management and employees on compliance laws, regulations, policies, and procedures and acting as a contact point within the bank for compliance queries from the employees;
- Assist in the investigation and reporting of any breaches of regulatory and market conduct requirements and internal policies and rules (e.g. via complaints received) and follow up on resolutions;
- Evaluate and review new products, services, and operations (including marketing materials and advertisements) to ensure due compliance with internal compliance-owned policies and relevant laws and regulations;
- Identify and conduct compliance trainings to educate staff on compliance issues, regulatory requirements, and internal policies and rules;
- Assist the Chief Compliance Officer to liaise with the relevant external bodies including regulators, standard setters, and external experts, where required;
- Keep abreast of latest regulatory developments and keep the Senior Management informed on the key developments in the area, including reporting to the appropriate committees or forums for oversight; and
- Provide support to affiliates in the group as necessary.
