-To conduct compliance risk assessment of the organization, including reports on ML/TF/PF inherent risks, residual risks and mitigating controls, on-going compliance status and on any findings of infringements and its recommended actions. This includes institutional risk assessment (IRA), product, business risk assessment and review of business units' policies, procedures and process to ensure compliance.
-To manage and support implementation of AML/CFT/CPF policy and procedure requirements by all business units access the organization, including robust CDD/EDD process and periodic review process, proper customer risk profiling/KYC with appropriate ML/TF/PF risk, screening requirements, enhancement of AML/CFT/CPF controls and monitoring.
-To conduct internal due diligence compliance reviews/KYC on higher AML risk cases escalated by business units to Compliance.
-To continuously review compliance and regulatory risk by conducting thematic / periodic compliance monitoring reviews. Assist Head of Compliance in producing review reports and report issues/findings with corrective measures and monitor the closure of issue/findings as part of the issue validation process.
-To manage, monitor and report for AML/CFT/CPF transaction monitoring (TM) activities, reviews of TM alerts, perform periodic review, conduct STR related investigations and investigation of potentially suspicious transactions and/or high risk customers, including fraud investigations and law enforcement agencies related investigations. The role includes establishing and on-going analysis on relevant internal criteria and red flags to detect suspicious transactions, maintenance of negative listing, managing effective day to day AML operations handling and maintenance of AML systems and monitoring tools.
-Manage and report the unusual and / suspicious transactions with escalation of AML concerns. Support Head of Compliance in liaising with BNM, relevant regulatory and agency to ensure compliance with laws and regulations and handling of audit reviews (internal and external) engagements.
-To support Head of Compliance in updating and implementing the Group Compliance policies, manuals, procedures, systems and control mechanism in complying with applicable laws and regulations, including AML/CFT/CPF regulations and best practice.
-To ensure proper record keeping and confidentiality of all AML related reviews, assessment and investigation. Draft periodic reports and management papers to the relevant committees as tasked by Head of Compliance which may cover updates, escalations of non-compliance incidents/issues.
-To provide regulatory advisory to all compliance related enquiries from business units with proper understanding of the business processes.
-To draft and review compliance training materials and to conduct regulatory compliance training including AML/CFT/CPF awareness training and program.
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; Requirements:-
-Bachelor's/University Degree from recognized university or equivalent experience on compliance related disciplines. Preferably with AML/CFT/CPF and Regulatory Compliance professional certification.
-Minimum 8 years and above of relevant post-qualification experience within the financial services industry, with at least 5 years of managerial experience.
-Experience in a compliance function is a must, preferably gained from banking or financial credit services industry.
-Possess good understanding, knowledge and applications of compliance risk management, Anti-Financial Crime best practice and methodologies.
-Extensive regulatory knowledge (regulatory compliance, AML/CFT/CPF, KYC, Suspicious transaction etc).
-Experience in performing customer profile investigation such as screening, periodic review, suspicious transaction etc.
-Experience in performing AML/CFT/CPF transaction monitoring and review of transaction alerts, report generation, solution case management through AML system and tools.
-Familiar with regulatory compliance activities, BNM requirements, consumer financing and credit laws is preferred.
-Ability to multi-task, identify problems and issues and apply problem solving skills to provide solutions.
-Ability to work independently, lead and coach team members, as well as good team player.
-Ability to prioritise work and meet deadlines. Ordered, organized and able to determine priorities for self and subordinates.
-Positive attitude and good interpersonal skills.