This job is ideal for you if you have a strong interest in financial crime prevention. You might like this job because you'd be managing AML compliance processes, conducting investigations on suspicious transactions, and ensuring regulatory compliance with AML/CFT/CPF policies.
Full-Time
Posted a few hours ago
Job DescriptionConduct compliance risk assessment of the organization, including reports on ML/TF/PF inherent risks, residual risks and mitigating controls, on-going compliance status and any findings of infringements and recommended actions. This includes institutional risk assessment (IRA), product, business risk assessment and review of business units' policies, procedures, and processes to ensure compliance.
Manage and support implementation of AML/CFT/CPF policy and procedure requirements by all business units across 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.
Conduct internal due diligence compliance reviews/KYC on higher AML risk cases escalated by business units to Compliance.
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 issues/findings as part of the issue validation process.
Manage, monitor, and report for AML/CFT/CPF transaction monitoring (TM) activities, reviews of TM alerts, perform periodic review, conduct STR related investigations and investigations of potentially suspicious transactions and/or high-risk customers, including fraud investigations and law enforcement agencies related investigations. The role includes establishing and ongoing 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 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.
Support Head of Compliance in updating and implementing the Group Compliance policies, manuals, procedures, systems, and control mechanisms in complying with applicable laws and regulations, including AML/CFT/CPF regulations and best practices.
Ensure proper record keeping and confidentiality of all AML-related reviews, assessments, and investigations. Draft periodic reports and management papers to the relevant committees as tasked by Head of Compliance which may cover updates and escalations of non-compliance incidents/issues.
Provide regulatory advisory to all compliance related inquiries from business units with proper understanding of the business processes.
Draft and review compliance training materials and conduct regulatory compliance training including AML/CFT/CPF awareness training and program.
Job RequirementsBachelor's/University Degree from a recognized university or equivalent experience in 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 practices, and methodologies.
Extensive regulatory knowledge (regulatory compliance, AML/CFT/CPF, KYC, Suspicious transactions, etc.).
Experience in performing customer profile investigations such as screening, periodic review, suspicious transactions, etc.
Experience in performing AML/CFT/CPF transaction monitoring and review of transaction alerts, report generation, solution case management through AML systems 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 being a good team player.
Ability to prioritize work and meet deadlines. Ordered, organized, and able to determine priorities for self and subordinates.
Positive attitude and good interpersonal skills.
SkillsRegulatory Compliance
Company BenefitsFor Permanent Employees
Staff Awards & AppreciationsFor Permanent Employees
Opportunities for Career DevelopmentFor all employees
Continuous Training ProvidedFor all employees
Additional InfoCompany ActivityLast active - few minutes ago
Experience Level8 - 10 Years of Experience
Manager / Team Lead
Job SpecialisationCompany ProfileAEON Credit Service is a leading consumer financing provider with business operations in Japan, Malaysia, Hong Kong, Thailand, Taiwan, and China. The Company has established a strong presence in Malaysia since 1996 to provide easy payment schemes for the purchase of consumer goods and a personal financing scheme based on Syariah principles.Our business philosophy is based on "Customer Satisfaction" and we strive to make a positive contribution to our customer's lifestyles. AEON Credit has more than 60 branches in East and West Malaysia. In line with our rapid business expansion, we are extending our service network to new locations to better serve our customers.#J-18808-Ljbffr