On the compliance side, the division is responsible for reviewing regulations, maintaining internal controls, and supporting lawful business practices. On the risk management side, it ensures operational stability by monitoring risks in funds and investment products, assessing market, credit, and liquidity risks, and managing investment limits.
With the recent tightening of financial regulations, what are the key considerations in the approval process for new investment products?
When approving new investment products, we first verify compliance with relevant laws and internal regulations. This includes reviewing the Capital Markets Act, Financial Investment Services regulations, fund investment limits, and other investment restrictions.
Next, we assess investor protection, ensuring that the product structure aligns with investor characteristics and that risk disclosures are appropriately provided.
Additionally, we check that internal controls and approval procedures are correctly applied. These steps are essential to minimize legal and financial risks in the investment product approval process.
How are business processes and guidelinesd when new financial regulations or laws are implemented?
When a new regulation is introduced, we first analyze the law and assess whether existing internal policies and procedures adequately reflect the changes.
Next, we revise or create guidelines, manuals, and checklists, coordinating with relevant departments to ensure practical applicability.
Finally, we support employees in understanding and applying the changes through internal training and communication. This ensures stable operations even during the early stages of regulatory implementation.
What are the Compliance & Risk Division's key roles and preparation processes when responding to external audits or regulatory agencies?
In responding to external audits or regulatory inspections, the Compliance & Risk Division plays a key role in demonstrating compliance with laws and the effectiveness of internal controls. During the preparation phase, the teams requested materials and systematically organizes related documents, reports, and internal approval records.
The team also identifies potential issues or findings in advance and develops corrective measures to ensure a smooth audit process. During the audit, it collaborates with relevant departments to provide accurate answers and supporting evidence, reporting to management and implementing follow-up actions as needed.
For those interested in compliance and risk, what tips would be good to have in advance?
For those interested in compliance, understanding capital market regulations is highly beneficial. Since the role involves reviewing documents and providing advisory support, experience in logical writing, report preparation, and communication skills is valuable.
For those interested in risk management, knowledge of financial engineering and statistics, along with familiarity with risk measurement concepts such as VaR, stress testing, and liquidity management, is advantageous. Experience with data analysis tools like Excel, Python, or R can help accelerate practical adaptation.
Additionally, as the role requires communication with various departments and balanced decision-making, key qualities include adherence to principles, effective and considerate communication, and meticulous attention to detail.
I'm curious about what it's like to work together in the Compliance & Risk Division!
The Compliance & Risk Division is a trust- and collaboration-oriented team that upholds principles without being rigid. Involved in most company operations, it can be described as “the department that communicates with the most teams across the organization.”
At the same time, as an independent division reporting directly to the CEO, it can provide fresh perspectives and proactively voice opinions. While the role carries significant responsibility due to participation in various company decisions, it offers early visibility into the company’s strategic direction, fostering broad organizational insight and specialized expertise in capital markets.