AML Risk Advisory Specialist

YTL Digital Bank Berhad (Registration No. 202201037182 (1482879-P); Kuala Lumpur; On-site; MYR 180,000 - 240,000; Full time

Job summary

Ryt Bank in Malaysia is seeking an AML Risk Advisory Specialist to serve as a core 2LoD expert, providing risk-based guidance on AML/CFT/CPF and TFS. You will analyze complex risk parameters, evaluate high-risk customer profiles, and advise business units on effective mitigation strategies.

This role reports to the Financial Crime Risk Lead and supports testing, governance, and regulatory liaison with Bank Negara Malaysia as needed.

Qualifications

• Bachelor’s degree in Risk Management, Law, Finance, Accounting, Business, or related discipline.

Responsibilities

• Risk advisory & case governance.
• High-risk onboarding & reviews for HRC/PEPs/complex entities.
• Escalation & parameter management for sanctions, adverse media and alerts.
• Onboarding risk evaluation for e-KYC variations and digital channels.
• Monitoring and reviews including vendor name screening and STR approvals.
• Analytics collaboration with operations to review monitoring scenarios and rules.

Skills

Analytical skills

Stakeholder management

Regulatory knowledge

Education

Bachelor’s degree in Risk Management, Law, Finance, Accounting, Business, or related discipline

Job description

The AML Risk Advisory Specialist serves as a core subject matter expert within the Second Line of Defence (2LoD), providing dedicated risk-based guidance on Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), Countering Proliferation Financing (CPF), and Targeted Financial Sanctions (TFS). This position is responsible for analyzing complex risk parameters, evaluating high-risk customer profiles, and advising business lines on effective risk mitigation strategies. This role reports directly to the Financial Crime Risk Lead, who reports to the Chief Risk Officer (CRO).

Key Responsibilities

• Risk Advisory & Case Governance
• High-Risk Onboarding & Reviews: Conduct technical risk assessments and support analysis for sign-off for High-Risk Customers (HRC), Politically Exposed Persons (PEPs), and structurally complex legal entities or trusts.
• Escalation & Parameter Management: Analyze complex escalations involving Sanctions screening, adverse media, and material negative news, establishing clear risk recommendations for Business Units (BUs).
• Onboarding Risk: Evaluate risk parameters and dictate control expectations for customer onboarding, electronic Know Your Customer (e-KYC) variations, and digital channels.
• Monitoring and Reviews: Perform vendor name screening reviews, STR approvals
• Analytics – Work with Operations and Intelligence PICs to introduce / review monitoring scenario / rules, including testing.
• Product, Channel, & Third-Party Assessments New Product Approvals (NPA): Review and evaluate AML/CFT/CPF risks for all new product launches, digital deployment channels, and payment modifications prior to market release.
• Outsourcing & Third-Party Due Diligence: Perform independent risk assessment reviews and due diligence on third-party service providers, agents, and outsourced operational functions.
• Other Assessments: Review or perform Periodic/adhoc assessments, depending on the needs and requirements.
• AML Systems and Thresholds Maintenance AML Module - Screening, Transaction Monitoring- Work with vendors and internal engineers on configurations in UAT and production environments, implementation and deployment of changes, perform testings and validations together with ops and intelligence team.
• Testing, Governance, & Reporting Regulatory Liaison Support: Support the Financial Crime Risk Lead during inspections, audits, and inquiries conducted by Bank Negara Malaysia (BNM) or other local statutory bodies.
• Assurance Testing & Monitoring (CTM): Plan and execute periodic, targeted 2LoD assurance testing programs to verify that First Line of Defence (1LoD) financial crime controls function optimally.
• Enterprise Risk Assessments: Provide data, analytics, and risk insights to drive the annual Enterprise-Wide Risk Assessment (EWRA) and compile recurring Management Information (MI) reports for risk committees.
• Committee support: - Secretariat to FRAML Committee, FCR main contact for all management and board committee matters.
• Framework Maintenance & Training Policy Implementation: Assist in updating internal policies, Customer Acceptance Procedures, and specific AML/CFT guidelines to directly align with the latest BNM Policy Documents and FATF standards.
• Targeted Training: Design and deliver specialized AML Risk training sessions tailored to high-risk business lines and frontline operations.

Required Skills & Qualifications

• Education: Bachelor’s degree in Risk Management, Law, Finance, Accounting, Business, or a related discipline.
• Experience: >10 years of specialized financial crime experience in AML/CFT advisory, risk management, or compliance audit within the Malaysian financial sector (Banking, Digital Bank, Fintech, or Insurance).
• Regulatory Knowledge: Deep understanding of Malaysian anti-money laundering legislation, specifically the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA) and the updated BNM Policy Document on AML/CFT/CPF and TFS.
• Technical Certifications & Competencies Professional Certification: Professional credential such as CAMS (Certified Anti-Money Laundering Specialist), ICA (International Compliance Association) Advanced Certificate/Diploma, or equivalent industry-recognized qualifications is a plus.
• Analytical Skills: Advanced ability to analyse and interpret data for monitoring, prevention and detection, analysing corporate shareholding structures, determine ultimate beneficial ownership (UBO), and isolate complex money laundering typologies.
• Stakeholder Management: Exceptional communication skills to deliver a balanced but effective challenge mechanism to business units regarding their choice of client risk profiles.

JR00000642 Hey Malaysia, we’re Ryt Bank—your first AI-powered digital bank! Formed by the consortium of YTL Digital Capital Sdn Bhd and Sea Limited, two of Southeast Asia’s leading innovators, we’re here to reshape banking in Malaysia. At Ryt Bank, we believe in empowering you with fast, easy, and secure financial solutions that are as inclusive as they are innovative. It’s not just about banking—it’s about your right to better banking. Operating under YTL Digital Bank Berhad [Reg. No. 202201037182 (1482879-P)], we are fully licensed by Bank Negara Malaysia and Ministry of Finance. Excited? The Ryt Bank app is launching soon. Get ready for a new era of banking—one that’s done right!