Head - Compliance (AML/Sanction Advisory & Enhanced Due Diligence)

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Overview

Support the Head of Financial Crime Compliance in establishing Anti-Money Laundering, Counter Financing of Terrorism, Countering Proliferation Financing, and Targeted Financial Sanctions(AML, CFT, CPF and TFS) framework for the Bank that meets regulatory expectations and obtains assurance on effective implementation of initiatives to combat money laundering and terrorism financing activities.

Job Responsibilities

• Lead the FCC Advisory team and provide advisory functions over the implementation of FCC-related policies and procedures to ensure compliance with Group and/or regulatory requirements

• Advise Business / Support Units and front liners on sanction-related concerns and any other queries on the AML/CFT policy and procedures

• Advise relevant stakeholders on AML/CFT/ CPF/TFS risk issues arising from new product launches, campaigns, and other related activities.

• Update Business and Support teams within the bank including overseas branches on changes within the Sanction framework.

• Engage in specific sanctions-related projects where required to evaluate and advise sanctions risks arising from customers and transactions

• Develop AML/CFT/ CPF/TFS training decks to support Business / Support Units in performing their functions

• Support the Third-party name screening clearance.

• Secretariat for the Financial Crime Working Group which drives AML/CFT/ CPF/TFS discussions in the working group level of the Banking Group.

• Lead and manage a team of Analysts performing New Customer Onboarding review and Ongoing Due diligence (ODD) providing guidance, mentoring, and supervision to ensure optimal performance and productivity.

• Responsible for enhanced due diligence reviews on bank's high risk clients.

• Responsible for reporting EDD key indicators to the Head of FCC and Senior Management

• Perform special projects and assignments for EDD / Very High Risk, as needed to support the Head of FCC

• Liaise with regulatory bodies, internal and external auditors, and other stakeholders to address EDD related queries, examinations, and audits.

Job Requirement

• Malaysian citizen

• Bachelor's Degree in business related field

• Certification in AML/CFT is preferred.

• Extensive exposure to the areas of risk assessment, bank operations, Sanction advisory and AML/CFT management.

• Minimum of 5-8 years managerial experience in a banking and financial Institution with specialization in AML/CFT or compliance.