Head of Risk & Compliance

The role

The Head of Risk & Compliance owns risk and compliance for Doit App end to end. This includes managing the license application to Bank Negara Malaysia and building the control functions.

What you will do

• Owning the risk and compliance content of the application to Bank Negara Malaysia.
• Building and running the compliance framework.
• Building the risk management framework and reporting material risks to the Board.
• Safeguarding customer funds and operating the trust account.
• Managing the anti-money laundering programme.
• Oversight of the white label partner and other outsourcing arrangements.
• Owning conflicts of interest, anti-bribery and corruption, whistleblowing, complaints, and personal data protection.
• Owning regulatory reporting and notifications to the Bank.
• Reviewing onboarding flows, product additions, disclosures and marketing.
• Running compliance training across the team.

Required qualifications

• A degree or professional qualification from an institution recognised by the government of Malaysia.
• 5+ years of relevant experience in financial services.
• 3 years in a compliance, regulatory or risk role at an institution regulated by Bank Negara Malaysia.
• Experience across both risk management and compliance.
• Command of the Financial Services Act 2013, BNM’s policy document on Electronic Money, and BNM’s AML/CFT/CPF requirements and AMLA 2001.
• Familiarity with BNM’s requirements on technology risk, outsourcing, electronic know your customer, complaints handling and fair treatment of financial consumers.
• Experience dealing directly with Bank Negara on submissions, supervisory queries and compliance reviews.
• Able to meet the relevant fit and proper criteria.
• Strong English communication.

Nice to have

• Experience taking an electronic money or money services business application through Bank Negara Malaysia to approval.
• CAMS, the ICA Diploma in Governance, Risk and Compliance, or an equivalent risk or compliance qualification.
• Experience in payments, electronic money, digital banking or fintech, including white label or multi-partner models.
• Familiarity with Shariah compliant electronic money and the Islamic Financial Services Act 2013.

Before you apply

• Introductory conversation
• Regulatory and compliance deep dive
• CEO / final round

About the company

Doit App Sdn. Bhd. is the digital wallet business in Malaysia for the group BJAK. The group built the first mobile-first insurance platform in Southeast Asia.