Samsudin Samsuri, Chief Compliance Officer, Bank Simpanan Nasional
Reformation in regulations has reshaped the modern banking sector, placing unprecedented demands on maintaining regulatory compliance. As the volume of regulations reaches new heights in the fight against financial crimes and fraud, the role of a Chief Compliance Officer has become paramount. It requires not only core skills but also the ability to lead from the front and gain the respect of peers in the same designation band. In alignment with top-notch business establishments, the role of a Chief Compliance Officer necessitates a unique set of characteristics. The individual should possess the capacity to work alongside business leaders, understanding their goals, and enabling their achievement. Transparency is key, as is a comprehensive understanding of the regulatory environment, including the implementation of new reforms and their alignment with the company's objectives.
Malaysia's Compliance Landscape is Evolving Rapidly
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Top 10 Chief Compliance Officers In Malaysia - 2023
Achieve Your Goals with Chief Compliance Officer
Malaysia is an ideal place to set up a business for many reasons- not only does it have a thriving economy, but it's also one of the fastest growing economies in Southeast Asia. With a mix of religions and cultures, Malaysia is an appealing destination for businesses looking to go global. While Malaysia is the second-largest producer of oil and gas in Southeast Asia, the Malaysian government has continued to encourage FDI (foreign direct investment) in many sectors, including oil and gas. Malaysia is well-positioned to be a hub for international business. The country is also home to a growing consumer base with increasing purchasing power and is one of the largest economies in the Association of Southeast Asian Nations.
About The Chief Compliance Officer: The Chief Compliance Officer, one of the most important members of the management team, is primarily responsible for overseeing compliance within an organization, and ensuring compliance with laws, regulatory requirements, policies, and procedures. As the compliance leader and subject matter expert, the CCO is responsible for establishing standards and implementing procedures to ensure that the compliance programs throughout the organization are effective and efficient in identifying, preventing, detecting, and correcting noncompliance with applicable laws and regulations.
Roles & responsibilities of Chief Compliance officer in Malaysia: Provide the compliance team with guidance during risk assessment processes and state of compliance reporting. They develop and maintain efficient relationship with investment departments and ensure compliance to all policies and laws. The CCO has an objective of promoting compliance at firms and setting industry standards. Compliance means establishing effective supervision and control of the firm's activities to ensure it complies with applicable laws and regulations. Review and approval of new client accounts, ensure that the know-your-client information is complete and that the recommendations are suitable for the client's investment circumstances and/or meet the client's investment objectives, for example, as set out in an investment policy statement.
CEO Insights Asia in this issue presents a list of ‘Top 10 Chief Compliance officers in Malaysia - 2023' who have leveraged their extensive industry expertise and experience in offering effective skills to the market. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs, analysts and our editorial board. We recognize their valuable contribution to the ever expanding and competitive market and their ability to sustain themselves and emerge as top contestants through their reliable knowledge.
Our subscribers play a decisive role in finalization of our annual list of "Top 10 Chief Compliance Officers In Malaysia - 2023" by nominating those which have served them with excellence and are praiseworthy. If you feel there is a company that deserves to be on our annual list, do write to us about them mentioning their value proposition.
| Company Logo | Company Management | Company Name | Company Description |
|---|---|---|---|
 |
Bhupinder Singh , Head - Local Compliance | Commerz Trade Services | A remarkable professional with over 17 years of experience, and oversees the management of compliance risks and ensures the effective implementation of all AML/Sanctions programs within the company |
 |
Faradina Ghouse , Group Chief Compliance Officer | AmBank Group | A visionary leader with possessed knowledge ranging from strategy, corporate finance, project management to backend development, data extraction, automation and smart contracts |
 |
Farid Ariffin , Senior Compliance Officer | Mizuho | A passionate leader with intrest about public service, and having a strong track record of bringing together multi-disciplinary teams to address complex public policy problems |
 |
Irene Cheng , Chief Compliance Officer | Zurich Insurance | A dynamic leader with a demonstrated history of working in the insurance and takaful industry, skilled in data privacy, non financial risk, privacy law, enterprise risk management and life insurance |
 |
Jason Teoh Kheng Swee, Chief Compliance Officer | Revenue Group Berhad | An experienced professional with 20+ years in consumer banking and e-payment industries, and also specializes in compliance and providing innovative solutions that align business objectives with regulations while mitigating risk |
 |
Jeoffery Asin , Chief Compliance Officer | RHB Insurance Bhd | A highly experienced professional with demonstrated expertise in the industry, and is committed to promoting a compliance culture within the insurance sector |
 |
Samsudin Samsuri , Chief Compliance Officer | Bank Simpanan Nasional | An experienced leader with a proven track record of achieving dynamic results developing anti-money laundering policy & compliance framework, ensuring the implementation of the framework & detections mechanism and executing efficient and effective investigation strategy |
 |
Seh Guan Kong , Head - Regulatory Compliance | Standard Chartered Bank | A visionary business leader passionate about driving innovation and fostering inclusive environments, with a wealth of experience, empowering teams and encourages diversity to shape a better future |
 |
Siti Syafiqah Safaruddin , Senior Compliance & Audit | AEON Credit Service (M) | An executive leader with more than 5 years of experience in the financial service industry, also maintaining a good relationship with all departments across the company in an advisory and monitoring capacity |
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Will ng , Chief compliance officer | MCC Overseas (M) Sdn Bhd | A professional leader with aim to raise awareness of entrepreneurship and highlight gender inequality, and showcasing the journeys of inspirational entrepreneurs, side hustlers and their mentors |
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