Perform and initiates annual compliance review plan taking into consideration of the following: 208 branches nationwide212 health checks business/functional areas across the bankGap assessments on regulatory reporting and related regulatory requirementsForward-looking, current or emerging risk relating to regulations across all sectorsNew regulations that have been issued or updated by the regulators and fully implemented by the Bank within the past yearPast incidences / non-compliances
Always keep abreast with the latest regulatory updates, trends and best practices.
Perform end-to-end/in-depth review of a particular guideline or functional area bank-wide via thematic review.
Collaborates with management to appropriately evaluate and investigate compliance issues/concerns identified during the review.
Conducts exit meetings with management to articulate any compliance issues/concerns.
Work closely with BRCOs and the management to develop/implement corrective action plans for resolution of compliance issues/concerns.
Monitors correction action plans to ensure closure of compliance issues/concerns raised during the review.
Monitors the performance of the annual compliance review plan and ensure appropriate steps are taken to accommodate any adhoc activities/requests from the regulators.
Ensure reporting of violations or potential violations are documented and reported to Board and Management.
Provides reports on a regular basis, and as directed or requested, to keep the Board and Management informed of compliance issues/concerns.
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Job details are sourced from the employer's original posting.
