AML & CFT Analyst

Great Eastern; Kuala Lumpur; On-site; MYR 60,000 - 96,000; Full time

Job summary

Great Eastern in Malaysia seeks an AML Analyst to support Customer Due Diligence activities under AML/CFT regulations. You will perform CDD, enhancements for high‑risk customers, and ensure documentation and retention of records for compliance testing.

You will review alerts, escalate issues to supervisors, and participate in system testing and policy updates. Fresh graduates welcome; strong English and analytical skills preferred.

Qualifications

• Degree in Financial/Business/Accounting studies.
• 1–2 years work experience; fresh graduates considered.
• Good analytical skills and report writing ability.
• Strong English communication, both written and spoken.
• Ownership, accountability and proactive attitude.
• Ability to relate information from various sources.

Responsibilities

• Perform customer due diligence including clearing screening matches and enhanced due diligence on high‑risk customers.
• Complete CDD tasks with proper documentation and retention.
• Ensure quality review and closure of alerts and cases; conduct peer quality checks.
• Elevate positive matches and AML/CFT issues to supervisors.
• Follow supervisor instructions and stay updated with internal policies.
• Assist in development and testing of new/enhanced AML/CFT systems.
• Maintain confidentiality of customer and company information.
• Be aware of regulatory risks and mitigate them; keep up with industry trends.

Skills

Analytical skills

English proficiency

Ownership & accountability

Education

Degree in Financial/Business/Accounting

Tools

Microsoft Office

AML system

Job description

To support the Customer Due Diligence activities in order to comply with the AML/CFT regulations and service level agreements.

• To perform customer due diligence activities including clearing of screening matches and carrying out enhanced due diligence on high-risk customers in accordance to the target turnaround time.
• To complete the CDD tasks in accordance with the internal processes and procedures on timely manner and to ensure proper documentation of work performed and retention of such documentation.
• To ensure quality review and closure of WLM/CDD alerts and cases and to perform peer quality check/review on activities carried out by other analysts as and when required by the supervisors.
• To elevate positive matches of high-risk customers and other key AML/CFT issues to the supervisors.
• To carry out tasks instructed by the supervisors.
• To familiarize oneself to all the relevant internal policies, processes and procedures; and maintain awareness of industry trends on AMLCFT/TFS and globally in order to carry out the job function properly.
• To assist in the development and testing of new/enhanced AML/CFT systems if any.
• To keep private and confidential and do not disclose any customer and company information obtained or dealt with when carrying out the CDD tasks.
• Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
• Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
• Highlights any potential concerns /risks and proactively shares best risk management practices.

We are looking for people who

• Degree in Financial/Business/Accounting studies [Other areas of studies will also be considered.
• 1-2 years working experience. [Fresh graduates will also be considered]
• Good analytical skills
• Good command of English language [both spoken and written] is essential
• Strong sense of ownership, responsibility; and takes accountability of work.
• Able to relate facts and information from various sources
• Able to write reports with basis of judgment.
• Takes initiative proactively for improvement and with good attitude over teamwork
• Self-motivated and willing to learn, with curiosity.

• Key knowledge in insurance industry, AML/CFT rules and regulations, computer Literate- Microsoft Office and AML system, and with good internet research skills are advantages.

• Legislation and Compliance (AML/CFT)
• Risk Analysis and Management (AML/CFT)
• Process, Procedures and Policies
• Policy management and AML/CFT systems
• Report Writing and Reasoning Other: Able to work independently, under stress; and for extended hours during certain peak periods.
• High level of integrity takes accountability of work and good attitude over teamwork.
• Takes initiative to improve current state of things and adaptable to embrace new changes.

How you succeed

• Champion and embody our Core Values in everyday tasks and interactions.
• Demonstrate high level of integrity and accountability.
• Take initiative to drive improvements and embrace change.
• Take accountability of business and regulatory compliance risks, implementing measures to mitigate them effectively.
• Keep abreast with industry trends, regulatory compliance, and emerging threats and technologies to understand and highlight potential concerns/ risks to safeguard our company proactively.

About Great Eastern

Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 16 million policyholders, including 12.5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei.

The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of "AA-" by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia.

Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

To all recruitment agencies:

Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resumes.