Compliance Advisory Role - Payments Products

Compliance Advisory Official: The primary objective of the role:

1. Review of new product notes as well as modifications of existing product notes (pertaining to Payment Products) submitted to the Product Approval Committee.

2. Review of SOPs as well as modifications of existing SOPs (pertaining to Payment Products).

3. Reviewing the new regulations pertaining to payment products and advising stakeholders on the actionable.

4. Review of IT systems pertaining to Payment Products

5. Reviews of security controls in payments products

6. Compliance advisory to payments business & support functions

Key Responsibilities:

1. Demonstrate good compliance risk awareness across different payments products.

2. Keep abreast of regulatory developments or other matters affecting the business activities, systems and controls.

3. Liaising with the regulators on implementation of the regulatory guidelines.

4. Thorough understanding of regulatory guidelines and the risk emanating out of it.

5. Provide clarifications on the queries raised by the various stakeholders based on regulatory issues.