Prudential's purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people's career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.
To ensure proper guidance and advice are given through ongoing assessment and periodic review on a risk-based approach as well as to ascertain that the Business Functions remain vigilant in detecting and reporting potential money laundering transactions.
Principal Duties & Responsibilities
Sanctions Screening - Alert Review
- Perform daily and monthly review of alerts generated by OWS system within the stipulated turnaround time
- Daily reconciliation on number of records being screened against source data
- Ensure prompt updates of manual data from respective Business Unit
- Follow-up with respective Business Unit to obtain additional information for verification
- Inform respective Business Unit on potential true match cases if it requires further due diligence within the same day
- Liaise with PCA IT Team on OWS System related issue and work out for solutions
Transaction Monitoring/ Review
- Review Suspicious Transaction Reports (STRs) escalated from Branches & Operation Team
- Prepare STRs write-up for reporting to FIED and ensure timely submission of STRs to FIED
- Assist in delivering ad-hoc reviews as may be assigned from time to time.
Perform Screening for Names of Individual or Entities provided by Authorities
- E-mail to the respective Business Functions to perform screening from customer database such as DMTM, Group Insurance, MRTA, SPMRTA etc.
- Perform screening from core systems such as Open System and Integral Life.
- Gather the requested information from Open System and Integral Life.
- Gather the information provided by Business Functions and compile in the Reply Template provided by Authorities.
- Reply to Authorities within the stipulated timeline.
Provide Support and Guidance
- Provide regulatory support and guidance to Business Functions in regard to AML/CFT requirements / changes.
Collaboration with Other Stakeholders
- Work closely with Business Functions on AML/CFT related matters.
Training & Awareness
- Assist in conducting AML/CFT trainings to all staff or relevant Business Functions to refresh/improve their understanding on AML/CFT matters.
- Assist to develop/update AML training materials.
Qualifications
Job Specificaton:
- Bachelor's degree or higher education level.
- Certification in a professional association such as the Association of Certified Anti- Money Laundering Specialists (ACAMS) would be a distinct advantage.
Experience
- Minimum of three years experience in financial services data analysis. AML Compliance specific experience preferred.
Knowledge
- Strong analytical skills required to organize and analyze multiple, complex data sets as well as strong interpersonal and organizational skills.
- Strong database skills, including working with advanced data sets, pivot tables, advanced database and statistical functions and methods.
- Good command of English and Bahasa Malaysia.
- Computer literacy essential (Word, Excel).
- Basic knowledge of insurance, banking, asset management or other related financial services operations.
- Basic understanding of compliance principles and best ethical practices.
- General understanding of regulatory guidelines governing the insurance industry or other related financial services.
Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.
