Job Summary:
We are looking for an experienced Compliance Manager to join our dynamic team at TrueMoney, an e-wallet and remittances service provider. The Compliance Manager will play a key role in ensuring that all regulatory requirements related to electronic money (e-money), remittances,digital payments and other requirements are met. This individual will oversee compliance processes, monitor regulatory changes, and ensure the company's operations adhere to Malaysian and international financial regulations, including anti-money laundering (AML) and combating the financing of terrorism (CFT).
Key Responsibilities:
1.Regulatory Compliance and Risk Management:
- Monitor and interpret local, regional, and international regulations impacting the e-wallet and remittances industry, such as the Financial Services Act (FSA), Anti-Money Laundering Act (AMLA), Bank Negara Malaysia (BNM) guidelines, and global standards (e.g., FATF).
- Lead the compliance risk assessments for all business operations, ensuring the identification and mitigation of compliance risks related to e-wallet transactions and cross-border remittances.
- Work closely with senior management to ensure that the company's operations comply with relevant financial, data protection, and payment regulations.
2.AML/CFT Program:
- Oversee the development, implementation, and maintenance of the company's Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) programs, ensuring they align with both local and international best practices.
- Conduct customer due diligence (CDD) and enhanced due diligence (EDD) for high-risk clients and transactions.
- Monitor and investigate suspicious transactions, ensuring timely reporting to relevant authorities, including the Financial Intelligence Unit (FIU).
3.Compliance Policies and Procedures:
- Design, review, and update internal compliance policies and procedures to ensure continuous adherence to legal and regulatory requirements.
- Ensure that all company activities, including e-wallet transactions, remittance services, and digital payments, meet the required compliance standards.
4.Regulatory Reporting and Audits:
- Prepare and submit regular compliance reports to management and regulatory authorities as required by Bank Negara Malaysia (BNM) and other relevant agencies.
- Lead internal and external audits related to compliance matters, including AML and financial crime audits.
5.Training & Awareness:
- Develop and deliver compliance training programs for all employees to ensure a strong culture of compliance throughout the organization.
- Provide ongoing guidance to employees on regulatory changes and compliance issues specific to the e-wallet and remittances business.
6.Third-Party and Vendor Compliance:
- Conduct due diligence and ongoing monitoring of third-party vendors, partners, and agents involved in remittance services to ensure compliance with regulatory requirements.
- Work with legal and operational teams to ensure that all third-party relationships comply with both local and international laws.
7.Investigations and Reporting:
- Lead internal investigations into compliance violations, including fraud, money laundering, or regulatory breaches, and report findings to senior management.
- Recommend corrective actions and ensure any non-compliance issues are addressed promptly.
Qualifications:
- Bachelor's degree in Law, Finance, Business Administration, or related field. Relevant certifications in compliance (e.g., CAMS, CCEP, GOCO) are desirable.
- Minimum of 5 years of experience in compliance, with at least 3 years in the financial services, payments, e-wallet, or remittances industry.
- Strong knowledge of Malaysian financial regulations, including Bank Negara Malaysia (BNM) regulations, FSA, AMLA, and remittance laws.
- Practical experience in developing and managing AML/CFT programs and compliance controls in financial services or e-wallets.
- Familiarity with Know-Your-Customer (KYC) requirements, transaction monitoring systems, and fraud prevention in the digital payment space.
- Strong understanding of global financial crime regulations (FATF, OFAC, FATCA, GDPR).
- Excellent analytical skills, with the ability to assess complex regulatory requirements and implement solutions.
- Strong communication and interpersonal skills to effectively engage with senior management, regulators, and cross-functional teams.
- Excellent Microsoft tools skills.
Preferred Skills:
- Experience with compliance technology tools, including transaction monitoring systems, KYC platforms, and audit software.
- Knowledge of digital payments, remittances, and E-Money regulations.
- Good regulatory research skills.
- Ability to work independently and proactively in a fast-paced, ever-changing regulatory environment.
Benefits:
- Competitive salary and performance-based incentives.
- Health and wellness benefits.
- Professional development and training opportunities.
- Hybrid work and positive working culture
