AML Governance Lead

Prudential Indonesia (PT Prudential Life Assurance); Jakarta Pusat; On-site; IDR 600,000,000 - 1,200,000,000; Full time

Job summary

Prudential Indonesia is seeking an experienced AML/Financial Crime Compliance leader to own policy design, risk assessments, and governance oversight across KYC/CDD, TM, and SAR/STR processes.

The role requires 7–10+ years in regulated financial services, professional certifications such as CAMS/ICA, and a proven track record of leading cross-functional teams with strict adherence to regulatory exams and audits.

Qualifications

• Bachelor’s degree in Law, Business, Finance, Risk, Economics, Criminology, or related field; postgraduate is a plus.
• Professional certifications strongly preferred: CAMS (ACAMS), ICA (AML/Financial Crime), CFE, or equivalent.
• 7–10+ years in AML/Financial Crime Compliance with governance/assurance responsibility in a regulated institution (banking, insurance, payments, fintech).
• Hands‑on experience with policy design, enterprise AML risk assessment, control testing, remediation management, and regulatory exams/audits.
• Exposure to sanctions governance, TM model governance/tuning, KYC/CDD lifecycle, SAR/STR processes, and data/reporting.
• Deep knowledge of AML/CTF laws and standards (e.g., risk‑based approach, CDD/EDD, PEP/sanctions, TM, SAR/STR, record‑keeping).
• Familiarity with governance frameworks, control libraries, three lines model, issues/risk management, and assurance methodologies.
• Understanding of AML technology (TM platforms, screening engines, case management, KYC utilities), data quality, and model risk concepts.
• Strong documentation skills (policies, procedures, RCSAs, MRAs/MRFIs responses) and MI/reporting for senior committees/board.
• Awareness of privacy, data protection, cybersecurity, and outsourcing/third‑party risk requirements as they intersect with AML.

Responsibilities

• Own and update AML/CTF policy, standards, and procedures; define decision rights, approvals, roles & responsibilities (RACI).
• Run governance forums/committees; maintain the AML control library and control taxonomy.
• Lead annual and ad‑hoc AML risk assessments; define methodology, inherent/residual risk scoring, and control effectiveness.
• Produce enterprise and business‑unit risk profiles with action plans and timelines.
• Oversee AML control design and effectiveness testing (KYC/CDD, EDD, PEP/sanctions screening, TM alert handling, SAR/STR).
• Track findings, agree remediation, validate closure, and report status to senior management/boards.
• Monitor regulatory changes; assess impact and drive timely implementation of new/changed requirements.
• Coordinate responses to regulators and external/internal audits; maintain exam‑ready artifacts and evidence trails.
• Govern sanctions/PEP/adverse media screening standards (lists, thresholds, match disposition, escalation, and reporting).
• Oversee tuning, effectiveness reviews, and periodic model validation (where applicable).
• Define TM governance: scenarios, thresholds, periodic tuning, QA and QC, backlog and timeliness SLAs.
• Ensure SAR/STR processes meet timeliness, quality, and confidentiality obligations.
• Govern onboarding, periodic/trigger reviews, EDD for high‑risk customers, beneficial ownership, and risk scoring.
• Oversee documentation standards, exceptions management, and data quality requirements.
• Embed AML requirements in vendor due diligence, contracts, and SLAs; oversee managed services performance.
• Review new products/changes (NPAC/NPPR) for AML risks; ensure controls are designed into processes and systems.
• Set data quality, lineage, retention, and access standards for AML; sponsor improvements to TM/screening/KYC platforms.
• Govern model documentation, tuning, back‑testing, and validation (including ML/AI use cases, where applicable).
• Define AML training curricula by role; track completion; run targeted refreshers based on incidents or regulatory changes.
• Promote speak‑up culture and ethical behavior aligned to AML obligations.
• Deliver MI/board packs on risk posture, alerts/volumes, backlogs, SAR/STR, QA/QC results, remediation, and regulatory change.
• Maintain a robust issues log with risk rating, owners, milestones, and verified closure.

Skills

AML governance

Policy design

Risk assessments

KYC/CDD

TM/SAR/STR

Education

Bachelor’s degree in Law/Finance/Risk or related field

CAMS/ICA/CFE or equivalent

Tools

KYC platforms

Screening engines

Case management systems

Job description

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.

Job Description:

Policy, Standards & Governance

• Own and update AML/CTF policy, standards, and procedures; define decision rights, approvals, roles & responsibilities (RACI).
• Run governance forums/committees; maintain the AML control library and control taxonomy.
• Lead annual and ad‑hoc AML risk assessments; define methodology, inherent/residual risk scoring, and control effectiveness.
• Produce enterprise and business‑unit risk profiles with action plans and timelines.

Control Assurance & Testing

• Oversee AML control design and effectiveness testing (KYC/CDD, EDD, PEP/sanctions screening, TM alert handling, SAR/STR).
• Track findings, agree remediation, validate closure, and report status to senior management/boards.

Regulatory Compliance & Exam Readiness

• Monitor regulatory changes; assess impact and drive timely implementation of new/changed requirements.
• Coordinate responses to regulators and external/internal audits; maintain exam‑ready artifacts and evidence trails.

Sanctions & Screening Governance

• Govern sanctions/PEP/adverse media screening standards (lists, thresholds, match disposition, escalation, and reporting).
• Oversee tuning, effectiveness reviews, and periodic model validation (where applicable).

Transaction Monitoring (TM) & SAR/STR Oversight

• Define TM governance: scenarios, thresholds, periodic tuning, QA and QC, backlog and timeliness SLAs.
• Ensure SAR/STR processes meet timeliness, quality, and confidentiality obligations.

CDD/KYC Lifecycle Oversight

• Govern onboarding, periodic/trigger reviews, EDD for high‑risk customers, beneficial ownership, and risk scoring.
• Oversee documentation standards, exceptions management, and data quality requirements.
• Embed AML requirements in vendor due diligence, contracts, and SLAs; oversee managed services performance.
• Review new products/changes (NPAC/NPPR) for AML risks; ensure controls are designed into processes and systems.

Data, Models & Technology Enablement

• Set data quality, lineage, retention, and access standards for AML; sponsor improvements to TM/screening/KYC platforms.
• Govern model documentation, tuning, back‑testing, and validation (including ML/AI use cases, where applicable).

Training, Awareness & Culture

• Define AML training curricula by role; track completion; run targeted refreshers based on incidents or regulatory changes.
• Promote speak‑up culture and ethical behavior aligned to AML obligations.

MI, Reporting & Issues Management

• Deliver MI/board packs on risk posture, alerts/volumes, backlogs, SAR/STR, QA/QC results, remediation, and regulatory change.
• Maintain a robust issues log with risk rating, owners, milestones, and verified closure.

Job Requirement:

• Bachelor’s degree in Law, Business, Finance, Risk, Economics, Criminology, or related field; postgraduate is a plus.
• Professional certifications strongly preferred: CAMS (ACAMS), ICA (AML/Financial Crime), CFE, or equivalent compliance credentials.
• 7–10+ years in AML/Financial Crime Compliance, with governance/assurance responsibility in a regulated institution (banking, insurance, payments, fintech).
• Hands‑on experience with policy design, enterprise AML risk assessment, control testing, remediation management, and regulatory exams/audits.
• Exposure to sanctions governance, TM model governance/tuning, KYC/CDD lifecycle, SAR/STR processes, and data/reporting.
• Proven cross‑functional leadership working with Compliance, Legal, Risk, Operations, IT/Data, Internal Audit, and external vendors.
• Deep knowledge of AML/CTF laws and standards (e.g., risk‑based approach, CDD/EDD, PEP/sanctions, TM, SAR/STR, record‑keeping).
• Familiarity with governance frameworks, control libraries, three lines model, issues/risk management, and assurance methodologies.
• Understanding of AML technology (TM platforms, screening engines, case management, KYC utilities), data quality, and model risk concepts.
• Strong documentation skills (policies, procedures, RCSAs, MRAs/MRFIs responses) and MI/reporting for senior committees/board.
• Awareness of privacy, data protection, cybersecurity, and outsourcing/third‑party risk requirements as they intersect with AML.

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organization 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.