Responsible for working on the regulatory watch and updating procedures relating to regulatory guidelines and rules. This includes:
Disseminate and advise on regulatory updates to relevant parties;
Due diligence annual checks, and other industry examination monitoring
Assist the Head of Compliance for the territory in projects involving regulatory consultations, review, etc.
Assist the Head of Compliance for the territory in regulatory compliance and regulatory relationship matters with the regulators, industry associations and other external parties.
Validates the policies to be adhered by the territory and controls that they are respected and implemented by achieving a twofold objective:
Independence of decisions; binding advice
Close partnership with the business to provide them with strong second levels of control, guidance and advisory
Regulatory Office Compliance officer is responsible for the following activities:
Responsible as a regulatory liaison, this includes:
Facilitating regulatory meetings
Overseeing Regulatory reviews and inspections (coordination and reviews prior to actual reviews or inspections; opening & closing meetings; reviewing of draft comments)
Responsible for providing timely and accurate regulatory submissions in terms of surveys, consultations, etc.
Responsible for regulatory advisory for applications, submissions, NAC, etc.
Provides reasonable assurance towards Head of Compliance for the territory, Bank's governance bodies and regulators on the compliance of the operations / activities with applicable laws and regulations and ensures action plans are launched for perceived weaknesses
Ensures consistency of the Compliance model and policy within the territory
Defines how Compliance rules will be adapted / implemented in coordination with the Compliance Domains and the Business Lines
Coordinates diffusion of policies and adaptation into operational procedures
Supervises consistency of implementation
Drives the effective implementation of Compliance rules
Supports the effective implementation of Compliance tools & systems
Makes Compliance decisions on issues reported by local teams in his/her scope of responsibility, involving the Compliance Central Domains when relevant
Exercises decision rights for intermediate level cases
Provides support and guidance to territory teams
Ensures a healthy interface between the business and the regulatory authorities on his/her territory, in coordination with the Compliance Domains
Establishes close partnership with the business
Provides strong guidance and advisory for their business development : Provide advisory on the territory level, Formal agreement for intermediate level cases on the territory
Aggregates and reports risk on territory-specific issues and mitigation plan to the Head of Compliance Thailand.
Establishes an appropriate governance to manage risk of non-compliance : leveraging Business Lines COs expertise, Leveraging Domains COs expertise
Leads, manages and supports Compliance, Permanent control and Operational Risk teams in his/her perimeter
Identifies required improvements of organization, tools and processes
Organizes and facilitates Business Line key Compliance committees
Aggregates, challenges and manages Business Line Compliance budget
The scope of responsibilities also includes Financial Security topics as assigned by Head of Compliance from time to time.