To support the Head of Compliance, and the embedded business risk management function to discharge their responsibilities relating to the compliance risk management process as required by relevant regulatory requirements, applicable codes of conduct and minimum standards.
Assist Business Unit (BU) Heads and the embedded business risk management function by providing advisory services to guide BU Heads in discharging their responsibility to comply with applicable statutory, regulatory and supervisory requirements to:
Protect the reputation of the Bank;
Avoid legal action against the Bank;
Promote a good working relationship with supervisors/regulators; and
Enable the Bank to demonstrate to regulatory authorities and other stakeholders that it is “fit and proper” to undertake its business.
To maintain and develop a thorough understanding of the relevant regulatory requirements applicable to the Bank; thereby facilitating the establishment of a compliance culture.
To provide advice and guidance to the business units.