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Compliance Officer, GC - Islamic Banking and Operation MY at CIMB Group Malaysia
, , Malaysia -
Full Time

Start Date

Immediate

Expiry Date

02 Mar, 26

Salary

0.0

Posted On

02 Dec, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

No

Skills

Shariah Review, Risk Assessment, Reporting, Monitoring, Validation, Training, Regulatory Compliance, Issue Escalation, Control Effectiveness Testing, Islamic Banking, Framework Development, Committee Approval, Action Plan Tracking, Ad-hoc Reviews, Guidance, Execution

Industry

Banking

Description
Shariah Review Establish Shariah review programme and framework. Perform an end-to-end Shariah review which includes development of plan, execution, reporting and monitoring. Present and obtain relevant committees’ approval such as CRC and BSC on the Shariah review report. Perform ad-hoc Shariah reviews and activities as and when required by the relevant committee and regulator. Shariah Issue Escalation Process or Handling of SNC Perform assessment and verification on Shariah issues escalated by all lines of defense. Handle PSNC event escalation which include verification, reporting to the relevant committees such as PSNCC and BSC. Monitoring of SNC and Islamic regulatory breaches action plan and obtain the relevant party’s approval for closure. Assurance Perform annual Shariah review risk assessment to derive an annual Shariah review plan. Track the open item issues and ensure the relevant party’s approval has been obtained for extension of action plan. Provide sufficient information for reporting to the relevant committees such as the BSC and the Board of Directors on timely basis. Perform validation on Control Effectiveness Testing (“CET”) of GIB. Provide adequate guidance and training to the staff of CIMB Group on relevant Islamic and/or Shariah regulatory requirements governing Islamic banking business of CIMB Group, where necessary
Responsibilities
The Compliance Officer will establish and execute a Shariah review program, including planning, reporting, and monitoring. They will also handle Shariah issue escalations and perform annual risk assessments to ensure compliance with Islamic banking regulations.