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JOB PURPOSE
To assist Group Head of AML/CFT in performing effective oversight of AML/CFT compliance at Affin Bank Bhd (ABB) and Affin Islamic Bank (AiBB).
Focusing on the quality assurance review on AML alerts, Implementation of AML/CFT/CPF Institutional Risk Assessment and Preparation of BNM Data Compliance Reporting.
ACCOUNTABILITIES
Responsible for analyzing, investigating, and auditing cases (non-staff) via AML system submitted by Transaction Monitoring (TM) in FIU Unit and ensure overall quality, accuracy and compliance with TM process and procedures.
Responsible for ensuring accuracy, completeness, identifying areas for improvement and analyzing cases (non-staff) submitted by Transaction Reporting (TRU) in FIU Unit.
Ensure that STRs are filled promptly and comply with the relevant regulatory guidelines and internal standards.
Collaborate closely with FIU to streamline and enhance case investigations. Provide constructive feedback for better quality of non-suspicious and suspicious transaction reporting.
Uphold the highest level of confidence through the QA process by disclosing only relevant information to key stakeholders.
Ensure the implementation and execution of bank-wide ML/TF/PF Risk Assessment according to the approved plan including risk assessment reviews, follow ups on service request ("SR") form and validation & attestation reviews from stakeholders such as business units and branches.
Prepare and review periodic consolidated reports and ad-hoc reviews with accuracy and integrity, ensuring they are completed in a timely manner and in accordance with policies, procedures, regulatory requirements, and best practice.
Track audit issues raised by BNM and Group Internal Audit, regularly maintain and review the tracking list on AML/CFT Quality Assurance Review & Risk Assessment findings, follow up on remedial actions until closure, and prepare and review periodic consolidated reports for Head of AML/CFT and Group Chief Compliance Officer.
Provide relevant training and support to staff in the team and other relevant stakeholders.
Ensure the updating of internal policies, guidelines and procedures related to AML/CFT Quality Assurance & Risk Assessment in meeting changing AML/CFT regulatory requirements.
To undertake any other duties as assigned by Unit Head and Head of AML/CFT.
JOB REQUIREMENTS
Bachelor's Degree/Professional qualification in Finance, Accounting, Business, Economics, or its related discipline.
Professional AML/CFT certification e.g. CAMCO, ICA, ACAMS.
1-3 years of experience in Alerts Management or AML investigations.
Working knowledge of Level 1 & 2 of Transaction Monitoring processes.
Working knowledge of Level 3 of Suspicious Transaction Reporting processes.
Expertise may also include: Audit, Control, Risk and Fraud.
Working knowledge on AML, Finance statutes and governing bodies and their application to the supported products/business lines.
Knowledgeable in the Bank's policies and procedures, including areas under FSA/IFSA, ABM, and AMLA rules and regulations.
Advanced knowledge of the banking products, processes, and financial system.
Strong research, analytical and comprehension skills, with ability to analyze large amount of data.
Proven ability identifying issues/defects and recommending solutions.
Demonstrated experience adhering to controls and compliance standards.
Strong communication skills including written, verbal and interpersonal.
Intermediate level skills working with the MS Office suite of tools.#J-18808-Ljbffr