A career within Risk and Compliance services, will provide you the opportunity to work with a team that provides clients with extensive risk and controls technical knowledge and sector specific experience. You'll have the opportunity to develop a holistic approach to risk that protects businesses, facilitates strategic decision making and enhances efficiency by assisting management in the assessment of project risks and controls.
Our Risk and Compliance Generalist - Practice Support team helps PwC assess, design and develop solutions to manage diverse risks. You'll help PwC develop a consistent, coordinated, and sustainable strategy.
The role of a Regulatory Compliance Manager is critical in ensuring that PwC adheres to local and foreign regulatory requirements. You will be responsible for managing the application and renewal of various licenses, preparing and submitting reports to local and foreign regulators. Additionally, you will support the leadership with compliance reporting and assess sanctions restrictions based on PwC's policies and guidance. Your keen attention to detail and thorough understanding of regulatory frameworks will ensure that the organization remains compliant and avoids any legal or operational disruptions.
Timeliness is crucial in this role, as meeting regulatory deadlines is essential to maintaining our compliance status and preventing any legal or financial penalties. Prompt submission of applications, renewals and reports will help the organization stay ahead of regulatory changes and demonstrate our commitment to compliance to both regulators and stakeholders.
Key Responsibilities
License Application and Reporting
- Prepare and submit applications for licences required by local and foreign regulators.
- Compile and submit accurate reports to local and foreign regulators in compliance with regulator's requirements within the specified deadlines.
- Maintain a comprehensive record of all licensing activities and documentation.
- Continuously monitor and evaluate the firm's adherence to local and foreign regulations.
- Identify areas of improvement and recommend corrective actions to maintain compliance.
License Renewal/ Payment Management
- Monitor the expiration dates of existing licenses to ensure timely renewals and payments.
- Coordinate with relevant internal and external stakeholders to gather necessary documentation and information for license renewals and payments.
- Proactively address any issues or discrepancies that may arise during the renewal process.
Regulatory Assessment and Application
- Assess any new regulatory requirements for license applications, both local and foreign, based on current and emerging business needs.
- Collaborate with cross-functional teams to determine the necessity of specific licenses and initiate the application process accordingly.
- Stay current with changes in regulatory requirements and ensure the organization's licensing strategy aligns with these changes.
Leadership Reporting
- Assist in preparing and presenting compliance reports to leadership.
- Provide concise and actionable insights to leadership based on compliance data and regulatory updates.
Sanctions Restrictions Assessment
- Assess sanctions restrictions based on firm sanctions policy and regulatory requirements.
- Provide advice and recommendations to relevant stakeholders to ensure compliance with sanctions regulations.
- Keep abreast on changes in sanctions regulations and update internal documentation accordingly.
Qualification and experience
- Degree in any discipline and/or a professional accounting qualification such as the ICAEW / ACCA / MICPA-CAANZ / CPA Australia.
- Minimum of 5 years of experience in regulatory compliance, legal or a related field.
- Proven track record of managing compliance programs and initiatives.
- Strong understanding of applicable laws and regulations.
Key skills
- Meticulous attention to detail and accuracy in carrying out work.
- Proficient in written and verbal communication skills in English and Bahasa Malaysia.
- Strong analytical and problem-solving abilities, interpreting regulations and assessing their impact on the firm.
- Strong organizational and time-management skills with the ability to handle multiple tasks and deadlines.
- Ability to assess and mitigate risks related to non-compliance.
- Ability to build and maintain strong relationships with key stakeholders, both internal and external to the firm.
- Ability to work independently and as part of a team.
- Ability to handle sensitive information with confidentiality and integrity.
- Proficiency in compliance-related software and tools.
