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Job Summary
To support the Unit Head of AML/CFT – MIS in overseeing the Bank's Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) framework with a primary focus on Management Information Systems (MIS), regulatory reporting and system governance.
This role ensures that AML systems, reporting processes and controls are effectively managed and remain compliant with Bank Negara Malaysia (BNM) requirements as well as internal policies and procedures.
Job Accountabilities
- AML/CFT System Implementation & Management
- Participate in the implementation of AML systems, ensuring timely delivery of a robust end-to-end solution
- Coordinate with Business Units, IT and Vendors to ensure all requirements are captured and implemented
- Support RFI, RFP and Proof of Concept (POC) processes
- Prepare and review project documentation (e.g. memo, presentation deck, vendor contracts, functional specifications)
- Ensure AML system is operational and integrated with Core Banking and other systems
- Support system enhancement initiatives, including coordination of UAT and documentation
- System Operations & Support
- Provide technical support and troubleshooting to Branches, Business Units and Compliance teams
- Monitor and follow up on escalated system issues to ensure timely resolution
- Coordinate with stakeholders on system-related enhancements and operational matters
- Rules Management & Regulatory Compliance
- Review, enhance, and monitor AML rules and parameters
- Propose new rules and fine-tune existing logic based on risk assessment
- Ensure compliance with BNM and other regulatory requirements
- Ensure new products and transaction codes are incorporated into AML monitoring
- Data, Reporting & Analytics
- Support data extraction and reporting for MIS and regulatory purposes
- Ensure accuracy, completeness and timeliness of reporting
- Vendor & Requirements Management
- Translate business requirements into system specifications
- Ensure system configurations comply with AML/CFT policies and regulatory standards
- Liaise with vendors to ensure deliverables meet expectations
- Cash Threshold Reporting (CTR)
- Regulatory Compliance
- Ensure submission of CTR (including rejected records) within 5 working days via FINS
- Ensure accuracy and completeness of CTR submissions
- Monitoring & Validation
- Ensure all cash transactions are captured within CTR program
- Conduct quarterly review of transaction codes in Host system (SIBS)
- Identify gaps and implement corrective actions
- UAT & Maintenance
- Perform UAT for new transaction codes
- Ensure accuracy of reporting logic
- Manage updates to Person Conducting Transaction (PCT) information
- System Enhancement & Regulatory Changes
- Coordinate system enhancements arising from regulatory or business requirements
- Ensure smooth implementation and conduct UAT
- Monitor timelines and ensure timely resolution of issues
- Name Screening & KYC (CDD / ODD / EDD)
- Perform Name Screening and Ongoing Due Diligence (ODD) on customer database
- Extract and analyze data from AML systems for periodic review
- Conduct screening against external databases (e.g. Dow Jones)
- Identify and analyze hits (true match vs false positive)
- Perform:
- ODD (Ongoing Due Diligence)
- EDD (Enhanced Due Diligence), where required
- Provide recommendations including:
- Risk rating adjustment (upgrade/downgrade)
- Escalation for management decision
- Customer exit strategy, where necessary
- Escalate cases for:
- Further review
- Suspicious Transaction Reporting (STR)
- Ensure completion of reviews within defined KPI timelines
- Prepare daily, weekly, and monthly reports on screening activities
- Monitor regulatory updates, sanctions and adverse media
- Highlight relevant risks impacting the Bank's customer base
- Reporting, Training & Stakeholder Engagement
- Prepare scheduled and ad-hoc reports for Management Committees and BNM
- Conduct system training and provide user guidance
- Work closely with AML/CFT units to identify and resolve issues
- Governance, Policy & Advisory
- Monitor regulatory developments and assess business impact
- Provide advisory, interpretation and recommendations
- Update policies and procedures to ensure compliance with BNM guidelines
Job Requirements
- Bachelor's degree in finance, Accounting, Business, Economics, or related discipline
- Minimum 1–3 years of experience in AML/CFT, preferably in:
- Name Screening
- KYC / Customer Due Diligence
- AML systems
- Transaction monitoring or investigations
- Exposure to Audit, Risk, Controls, or Fraud Management is an added advantage
- Familiarity with AML regulations and governing bodies
- AML/CFT certification (e.g. CAMCO, ICA) is an added advantage
- Strong knowledge of regulatory frameworks (FSA/IFSA, ABM, AMLATFPUAA)
- Good understanding of banking and financial systems
- Strong analytical and problem-solving skills
- Ability to handle large datasets and identify issues
- Proven compliance with internal controls and standards
- Strong communication and stakeholder management skills
- Proficiency in Microsoft Office tools
- Knowledge of Python or data tools is an added advantage
