Manager, Regulatory Compliance Risk Management: Risk Management Division
Job Description
Title: Manager, Regulatory Compliance Risk Management: Risk Management Division
Company Name: BRAC Bank Limited
Vacancy: Not specific
Job Location: Dhaka
Employment Status: Full-time
Educational Requirements:
∎ Graduation/ Post graduation in any discipline from reputed universities with a satisfactory academic record.
Experience Requirements:
∎ 7 to 10 year(s)
Job Responsibilities:
∎ Assist Line Manager for Annual Compliance Plan/Objective: Assist line manager in preparing and completing an annual compliance risk management plan, per regulatory and board requirements. Identification of the jurisdictional requirements, accountabilities, and the process ownership and monitoring and testing ownership, as well as the determination of suitable staffing, hours required, and secured budget to achieve the state of compliance within risk appetite will be set out in the plan, which will be reviewed quarterly with the jurisdictional bank's risk framework, any applicable legal entity, as well as where required by applicable regulatory agencies. The annual country compliance plan must take into consideration the applicable compliance risk assessments and MCAs appropriate to the jurisdiction and its activities.
∎ Compliance Reporting: Preparing compliance reporting (frequency is subject to agreement) following the approved format and in adherence to all established requirements for the bank's requirement (for the board, SMT). The compliance report will be presented to the appropriate risk committee ERMC, BRMC & Board or Board Audit Committee, or other such Board committee required within the jurisdiction.
∎ Assist Line Manager in Enhancing Governance: Assist Line Manager in providing a valued interactive program of support and compliance risk management services covering the assessment and reporting of Key Regulatory Compliance Risks across products, services, functions, legal entities, service centers, and the jurisdiction as a whole. Providing stakeholders with insight and practical solutions as well as credible challenges to improve the ethical control culture, and conduct risk environment. Timely reporting of significant local regulatory issues to SMT and appropriate Risk Committees.
∎ Stakeholder Support and Relationships:
∎ Maintaining relationship with, Board, SMT, and other key stakeholders like Head of Audit, Head of Governance, Head of Monitoring, Head of Regulatory Reporting, Head of Account Services, Credit Card Ops, Trade Ops, Payments, BMs, BOMs, Business Unit Compliance Officer
∎ Business Compliance Partnership: Proactively anticipate and help the business and functions plan for changes in the regulatory environment in the country. Provide support to regulatory compliance programs and country/business management on policy interpretation and "gray area" exposures. Build and maintain strong relationships with other functional leads, including Legal, Credit risk, Operational Risk Management, and Internal Audit to create a supportive and seamless compliance and ethical control culture and an appropriate conduct risk environment.
∎ Regulatory Management and Coordination: Supporting line Manager in the management and development of regulatory relationships. Coordinating as the key interface with regulators on compliance risk management issues. Coordination and regular interaction with the regulatory authorities on behalf of the bank. Record regulator correspondence and minutes of regulator meetings on bank register/system in line with Process Standards. Ensuring prompt recording of, responses to, and escalation of regulatory queries, notices of violations and breaches, any forbearance, and concerns identified. Deliver to regulators and supervisors a valued interactive program of support and assurance per requirements and appropriate expectations on compliance issues, trends, themes, root causes, and impacts relating to governance, regulatory risk management, and internal control issues. The overall objective is to earn the regulator's trust and to establish a strong, independent, and professional regulatory relationship across the franchise.
∎ Regulatory Inventory: Ensuring prompt identification, logging in, evaluation, and formulation of a plan to address requirements arising from new and amended regulations, rules, and other requirements and expectations from regulatory authorities.
∎ Regulatory Change Management and Controls: Ensuring that the regulatory change management requirements and processes, along with the regulatory control framework for existing requirements, are effectively operating within the country for the identification, impact assessment, and implementation of all applicable laws, regulations, rules and related processes, controls and reporting that impact in the jurisdiction.
∎ Assist line Manager for Independent Compliance Risk Management (Program and Product/Service/Function focused*): Assist line Manager to support the CRM teams in the country related to local requirements and the applicable extraterritorial laws, regulations, relevant bank's policies, standards. Deliver consistent application of program procedures and be accountable to program owners consistent with CRM methodology and Framework. *Programs include but are not limited to: Sanctions; Anti-Bribery; Privacy and Information Compliance; Third-Party Management and Outsourcing; Employee Activities; Conduct Risk; Ethics; Surveillance, Compliance Assurance; Compliance Monitoring; Prudential Regulatory Compliance. Products and services are offered to client segments like RB, SME, FI & CB
∎ Risk Mitigation and Issue Remediation: Working with management to ensure continued improvement in self-identification of issues, and appropriate escalation and monitoring processes to ensure timely and effective remediation to mitigate the Compliance Risk per CRM Methodology and applicable policy.
∎ Compliance Technology and Automation; Data, Metrics, and Analytics: Supporting CRM efforts to enhance technology and automation across the function. Provide relevant information and materials related to data to enhance the development of enhanced metrics and analytics for compliance risk.
∎ Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding BRAC bank, its clients, and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct, and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
Additional Requirements:
∎ Subject matter expert and 7 to 10 years of experience in general banking, trade, payment, treasury, etc.
∎ Experience in working with key country-level regulators and industry associations
∎ Knowledge of local regulatory requirements and obligations and the ability to identify emerging compliance issues and themes
∎ An ability to influence senior business leaders on all compliance risk-related matters affecting the business. The individual should have the ability to independently challenge when needed, while at the same time being supportive and solution-based and not being perceived as obstructive
∎ An ability to be "hands-on" and "in the trenches" with the direct team, while also bringing a sense of strategic vision and a global sensibility to the function
∎ Ability to navigate and negotiate through conflicting demands to maintain focus on priority objectives while ensuring key stakeholders' needs are met
∎ Excellent in communication, interpersonal, and management skills, with a track record of leading through change and the ability to effectively communicate the strategic vision to various stakeholder groups
∎ Effective negotiation skills, a proactive and "no surprises" approach in communicating issues, and strength in sustaining independent views. Strong presentation and relationship management and influencing skills are essential
∎ The ability to thrive and execute in a complex, highly matrixes, global environment
∎ Excellent attention to detail and strong problem-solving abilities
Job Source: Bdjobs.com Online Job Posting.
Application Deadline: 30 Apr 2021
Company Information:
∎ 10 Apr 2021
∎ BRAC Bank Limited
∎ Business : BRAC Bank Limited, pioneer in SME Banking, delivers a full array of banking services to individuals as well as business entities. With a network of 184 Branches, over 460 ATMs, 448 SME Unit Offices and 229 remittance delivery points, the Bank has unmatched reach to provide a comprehensive range of solutions to serve millions.
Category: Bank/Non-Bank Fin. Institution
:
Source: bdjobs.com
Deadline Expired on 30th Apr 2021
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