Function – Specific Activity

AML/CFT and ABAC

• Ensure the Company’s policies and processes are kept up to date with relevant laws, regulations and guidelines in relation to AML/CFT, Know Your Customer (KYC) and ABAC, including overseeing and implementing appropriate compliance programmes.
• Develop or enhance compliance policies, manuals, procedures, systems and control mechanisms in line with regulations and best practices, ensure that the policies are communicated with all employees in the Company.
• Ensure proactive and timely identification, assessment, advice and dissemination of evolving regulatory change/practices throughout the Company across the region (with a focus on Malaysia).
• Maintain appropriate relationships with relevant regulators, authorities and independent auditors and liaise with them on audits, reporting and implementation of corrective measures.
• Oversee the completion and submission of Data & Compliance Reports to BNM.
• Conduct regular Institutional Money Laundering/Terrorism Financing Risk Assessments and Corruption Risk Assessments.
• Conduct internal compliance reviews on the AML/CFT and ABAC compliance programmes to identify gaps against regulations and internal policies and recommend or implement corrective measures.
• Establish, enforce and maintain effective processes (including training and development of appropriate supporting tools) to ensure that compliance policies, procedures and standards are effectively implemented across the Company.
• Perform management reporting to the Board, Senior Management and Group Director, Legal & Compliance on compliance risks and issues.
• Provides regulatory advisory on compliance-related matters to business units or member offices.
• Undertake investigations on suspicious transactions/activities escalated to Compliance and submit STRs to BNM where necessary. Provide guidance to stakeholders concerned in regard to any follow-up actions and monitor the closure of such actions.
• Review and provide comments on ABAC-related matters in relation to client policies, agreements, contracts, questionnaires etc.
• Prepare training materials and provide trainings to the Board, Senior Management, new and existing employees on the Company’s policies and compliance programmes.

Beneficial Ownership reporting

• Provide advisory to business units in relation to the Companies Commission of Malaysia’s (CCM) Guideline for The Reporting Framework for Beneficial Ownership of Legal Persons.
• Provide guidance to the business units on BNM and the CCM’s respective Beneficial Ownership requirements.
• Assist business units with matters relating to the disclosure of the Company’s shareholding/Beneficial Ownership information to regulators/external parties.

Risk Management

• Support Group Risk on all Risk Management matters including manage Incident Reporting and Risk Register on the firm’s Risk Management platform.
• Support Group Risk on Group Insurance, Personal Protection and Business Continuity Management.

People Management Activity

• Liaise with Regulators
• Liaise with Internal and External Auditors
• Liaise with Management
• Liaise with Business Units
• Report to Group Director, Legal & Compliance

Education & Experience

• Degree in law, business, finance or compliance related disciplines.
• Certification/Licensing Requirements: AML/CFT certification e.g. International Compliance Association’s Advanced Certification in AML/CFT or the Certified Anti-Money Laundering Specialist Certification is an advantage.
• Minimum 8 years of relevant experience within the Management Advisory/ Financial Services/ Investment industries.
• Sound understanding of compliance, with experience preferably gained from accounting, corporate secretarial, management services, banking/ financial services and shared services firms.
• Experience in background check such as AML/CFT screening, KYC/CDD.
• Experience in performing Risk Assessment.
• Experience in Risk Management is preferred.

Preferred Skills & Attributes

• Ability to master a large volume of details and facts, set priorities and be persuasive in senior level discussions.
• Good interpersonal, influencing and networking skills
• Ability to work independently as well as good team player
• Knowledge of Microsoft Office such as Excel, Word and PowerPoint
• Ability to multi-task and stay focused on the big picture while addressing daily issues
• Ability to identify problems and issues and apply problem solving skills to provide solutions
• Ability to prioritize work and meet deadlines