Duties & Responsibilities

1. Managing overall Anti-Money Laundering, Countering Financing of Terrorism and Targeted Financial Sanctions (AML/CFT/TFS) compliance within the company.
2. Ensuring compliance risk relating to AML/CFT/TFS are properly assessed, gaps are identified and ensuring any new AML/CFT/TFS requirements are implemented.
3. Ensure the implementation of all controls, process and procedures relating to AML/CFT/TFS
4. Monitor the implementation of the Customer Due Diligence (CDD), Enhanced Customer Due Diligence (EDD) and On-going Due Diligence (ODD) process and procedures on a monthly basis;
5. Review and testing of AML/CFT/TFS triggers and parameters on a monthly basis including all reports generated through the system and propose enhancement (if necessary);
6. Compliance verification – carrying out random compliance verification of the implementation of the AML/CFT/TFS controls by the Business Units and the effectiveness of the AML/CFT/TFS controls;
7. Continuous compliance monitoring of action plan/corrective actions proposed for non-compliance issues relating to AML/CFT/TFS;
8. Provide compliance advisory to the Company on any regulatory compliance issues relating to AML/CFT/TFS;
9. Communication, planning, preparation of training materials and conducting annual AML/CFT/TFS training for all employees, management, Board of Directors and outsourced managed service providers;
10. Assist to prepare periodic reports to the Management, Steering Committee, Audit Committee and the Board of Directors on AML/CFT/TFS matters;
11. Collate, review, analyze, investigate and submit report to BNM on any suspicious transactions reported by the relevant Business Units;
12. Analyse the laws and regulatory instruments relating to AML/CFT/TFS and to identify, propose, implement and maintain appropriate, practical and implementable AML/CFT/TFS compliance programs, policies and initiatives
13. Attend to all other matters relating to compliance of the AML/CFT requirements.

Job Requirements

• Minimum Bachelor's Degree/ Post Graduate or Professional Degree
• Major in Law, Finance, Accounting, Quantitative or equivalent
• At least 5 years working experience in AML/CFT/TFS compliance role in a financial institution/payment systems’ regulated entities

• Attention to detail and the bigger picture
• Written and oral communication skills
• Problem solving skills and organisational skills
• Assessing and interpreting risks and critical thinking
• Sound knowledge and understanding of relevant legal and regulatory requirements especially relating to AML/CFT/TFS and the implications of such requirements on a financial institution/ payment systems’ regulated’s operations.

Back Apply