Compliance Officer, GC - Compliance Monitoring MY (00733)

Compliance Monitoring Review

• Lead compliance monitoring reviews (e.g., thematic review, peer review, control validation exercise, quarterly control effectiveness testing [CET] validation), including preparation of review scope, execution of fieldwork, monitoring of team members’ work, and identification of control lapses or areas for improvement.
• Utilise data analytics to support compliance reviews, including exploring data and developing or revising scripts, criteria and scenarios for periodic monitoring of high-risk or emerging risk areas, performing data validation, and providing post-implementation and ongoing support for data scripts monitoring.
• Prepare reports and presentations for senior management on compliance monitoring related matters. 
• Monitor and ensure timely closure of identified issues.
• Continuously enhance the monitoring and testing program in response to changes in internal and external environment. 
• Review and challenge risk assessment results and action plans provided by respective business compliance teams and regional entities, where appropriate. 
• Identify and recommend enhancements to existing compliance processes and methodology. 
• Provide oversight and support to regional entities, including risk assessment, review planning, reporting, and CET validation.
• Work closely with internal and external stakeholders to establish industry best practices and regulatory expectations. 
• Stay informed on business operations, regulatory developments, and supervisory expectations.
• Analyse audit and compliance issues to identify hot spots and emerging risks requiring immediate action.

Engagements with Stakeholder & Management

• Support the Group Chief Compliance Officer and senior stakeholders to achieve CIMB Group’s   overall business and strategic objectives.
• Promote cross-regional collaboration by sharing best practices and identifying business synergies.
• Be a role model and drive activities to encourage and build desired organisational culture, values and reputation in the Group with all staff, customers and regulatory/official bodies.

People Management

• Train and guide team members to foster a culture of teamwork and continous improvement within the Compliance Monitoring team.

Other Responsibilities

• Perform any other tasks or responsibilities assigned by management from time to time.