Manager, Risk and Compliance

Job Summary

The Manager of Risk and Compliance (“Compliance Manager”) is responsible to develop and implement a full suite of risk and compliance initiatives, encompassing regulatory and internal compliance and risk management and conduct timely and adequate monitoring and reporting of compliance and risk matters. The Compliance Manager will assist the Head of Compliance in attending to, among others, inquiries, submissions, reporting, assessment of risk and compliance initiatives and to ensure effective and efficient compliance practices within Berjaya Mutual.  He/ She will also be pivotal to assist the Head of Compliance in driving a compliance and risk awareness culture and in the development of employees’  knowledge, skills and abilities, aligned to the capital market regulatory requirements, standards and best practices.

Key Responsibilities

A.       Regulatory

1. Extend to the  Securities Commission, Malaysia (SC), relevant information relating to breaches of securities laws, regulations, relevant guidelines and steps taken to remedy and prevent such breaches from recurring so as to mitigate any repercussions that may arise due to such breaches, as and when they occur.

B.       Monitoring & Reporting

1. Compliance framework: Assist the Head of Compliance in establishing, maintaining and periodically reviewing the Compliance Manual, policies, procedures and overall compliance programme to ensure they remain current and effective.
2. Regulatory monitoring: Keep abreast of changes in securities laws, regulations, SC guidelines and industry developments, and ensure relevant updates are promptly communicated across Berjaya Mutual.
3. Compliance oversight: Coordinate and monitor implementation of compliance requirements, including preventing and detecting regulatory breaches and ensuring only appropriately licensed persons perform regulated activities.
4. Client and portfolio compliance: Monitor client onboarding, IMA execution, risk profiling, client interactions and portfolio management to ensure compliance with regulatory requirements and agreed mandates.
5. Complaints management: Ensure appropriate processes are in place to handle client complaints fairly, effectively and within the required timeframe.
6. Board and management reporting: Assist in preparing quarterly compliance reports for the Board covering regulatory changes, breaches and remedial actions, and client complaints.
7. Shariah compliance: Monitor compliance of Shariah-mandated funds with applicable Islamic Capital Market guidelines and SC requirements.
8. Regulatory/legal matters: Monitor and report matters involving legal proceedings, FIMM and/or FMOS to Senior Management, the Risk & Compliance Committee and/or Board, as applicable.

C.       Risk Management

1. Risk framework: Assist in maintaining the Risk Register and coordinating the RCSA to embed effective risk management, operational procedures and internal controls across Berjaya Mutual.
2. Risk culture: Promote strong risk awareness through effective communication, monitoring and reporting to Senior Management and the Board.

D.      Engagements with Stakeholders & Management

1. Governance engagement: Work closely with the Risk & Compliance Committee, Board and Senior Management on compliance matters, and coordinate with internal departments to support effective discharge of their responsibilities.
2. Organisational culture: Support initiatives that strengthen the desired organisational culture, values and reputation among staff, customers and regulatory/official bodies.

E.       Learning & Development

1. Employee development: Provide guidance and support on employees’ learning and development needs to build the required knowledge, skills and abilities (KSAs) for their roles.

Qualification and Experience

• Bachelor’s degree in Finance, Law, Business Administration, Banking  or any other related field.
• Passed SIDC’s Licensing Examinations: Module 9, 10 and 11.
• Minimum 7 years of relevant experience in the capital market industry, with at least 3–5 years of substantive experience in risk management and/or compliance, preferably covering operational risk, investment risk, regulatory risk and internal controls.
• Experience in developing and maintaining Risk Registers, Risk Control Self-Assessments (RCSA), Key Risk Indicators (KRIs), risk assessments and risk mitigation/action plans.
• Strong understanding of risk governance frameworks, internal controls and risk management principles, particularly within a regulated financial institution or capital market environment.
• Strong analytical, problem-solving and risk assessment skills, with the ability to assess the potential impact and likelihood of risks and determine appropriate mitigating controls.
• Good knowledge of applicable SC regulations/guidelines, FIMM requirements and other applicable regulatory requirements.