KYC Specialist

  • Kuala Lumpur
  • Permanent
  • Full-time
  • 18 days ago
Key Responsibilities Assist Governance Team Lead to proactively drive risk and control initiatives to ensure sound process are in place to minimize ML/CFT risks and propose adequate controls in first line of defense for Private Banking Malaysia. Assist Governance Team Lead in ensuring that all AML/CFT controls and processes are aligned with Group wide and Private Banking Regional standards and are being managed appropriately in a proactive, risk based and disciplined manner to meet internal and external regulatory requirements. Responsible in managing On-boarding of new clients and on-going review of existing clients in accordance with the AML/KYC policy and due diligence requirements including source of wealth corroboration and reviewing complex entities or structures, PEPs, adverse news and sanctions. Responsible in providing the Modus Operandi for preparation of preliminary investigation reports on transactions and/or accounts inclusive of STRs and actively supports Group AMLA regulatory requests. Ensure that there are appropriate avenues for any suspicious client activity or specific transactions to be swiftly escalated to appropriate parties for investigation and resolution including making appropriate STR reports. Address concerns and issues of internal stakeholders on AML related matters. Besides, conduct joint process walk-throughs, small workshops and integrated training on new or key risk AML controls in Private Banking Malaysia nationwide. Continuously assess adequacy of existing surveillance / monitoring model for AML and to propose or provide feedback of new model with relevant parameters / thresholds to be in line with regulating requirements and perform user acceptance testing of new models where applicable. Proactively value add by identifying new and emerging risks and typologies related to Private Banking clients and to gather and document future AML risk & compliance gaps, define scope of engagement and align with key stakeholders on best delivery approach. Key Requirements Bachelor or Master&aposs Degree or Professional Qualification in the relevant discipline (Law/Finance/Business/Economics or equivalent professional qualification). Minimum Certification for AML/CFT issued by AICB is preferred or similar Compliance certification issued by an acknowledged institution and/or regulatory bodies. Minimum 7 years of relevant working experience with financial institutions and/or consulting audit firms in Risk/Legal/Audit/Compliance area. Show more Show less

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