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Chief Compliance Officers - Virtual Banking

Descriptions & Duties

  • Chief Compliance Officers - Virtual Banking spearhead the bank's regulatory and compliance issues of the licensed virtual banks. They manage and set up the banking compliance and regulatory management system for the licensed virtual banks to ensure that the virtual banks satisfy the regulatory and compliance requirements as stipulated by the local authority. They also work closely with Chief Risk Officers in risk mitigation by leading the periodic and operational risk compliance exercise.

Generic Competencies

Physical Abilities

Physical abilities

  • Physical strength
  • Eye hand coordination / precision / dexterity

 

Importance:1 (Max:5) 

Skill is rarely required

 

Technology Skills

Technology skills

  • Computer literacy
  • Application of technology

 

Importance:3 (Max:5) 

Skill is basically required

 

Cognitive Abilities

Cognitive abilities

  • Creativity
  • Visualisation
  • Logical thinking

 

Importance:5 (Max:5) 

Skill is required all the time

 

Comprehension And Expression

Comprehension and expression skills

  • Reading comprehension
  • Oral / written expression

 

Importance:5 (Max:5) 

Skill is required all the time

 

Social Skills

Social skills

  • Communication
  • Negotiation
  • Persuasion

 

Importance:4 (Max:5) 

Skill is frequently required

 

Organisation And Execution Skills

Organisation and execution skills

  • Planning
  • Organising
  • Judgement
  • Decision making

 

Importance:5 (Max:5) 

Skill is required all the time

 

Problem Solving Skills

Problem solving skills

  • Ability to solve simple and complex problems effectively and efficiently

 

Importance:5 (Max:5) 

Skill is required all the time

 

Management Skills

Management skills

  • Leadership
  • Management of finance / time / people / other resources

 

Importance:5 (Max:5) 

Skill is required all the time

 

Trade Specific Competencies

Business operation knowledge and skills

Chief Compliance Officers - Virtual Banking must be able to apply relevant theoretical and practical knowhow related to virtual banking to ensure that the business and its products comply with all relevant laws, regulations, codes and standards.

Business analysis knowledge and skills

Chief Compliance Officers - Virtual Banking must be able to analyse various business ratios and indicators for evaluating the business status of the virtual bank to ensure that it operates efficiently and effectively.

Business monitoring knowledge and skills

Chief Compliance Officers - Virtual Banking must be able to compile and examine various business statements and reports to assure their accuracy, integrity and conformance to relevant laws, regulations, codes and standards, including those apply to virtual banking.

Work Environment

  • Chief Compliance Officers - Virtual Banking usually work in offices during regular business hours.