Assistant Manager, AML Compliance

Great Eastern Life; Kuala Lumpur; On-site; MYR 72,000 - 96,000; Full time

Job summary

Great Eastern Life seeks an Assistant Manager for AML Compliance in Kuala Lumpur. The successful candidate will oversee compliance efforts, analyzing transactions, conducting training, and ensuring adherence to regulations. Ideal applicants possess a relevant degree and 3-5 years of experience in compliance or internal audit, alongside strong analytical and communication skills.

Qualifications

• At least 3 - 5 years of working experience in compliance / internal audit, preferably in insurance or banking.
• Possess strong analytical and detail-oriented skills.

Responsibilities

• Monitor and support the overall AML/CFT/CPF Compliance portfolio.
• Undertake analysis of higher risk parties and transactions.
• Ensure accurate and timely reporting of STRs to Bank Negara Malaysia.

Skills

Strong written and communication skills

Analytical and detail-oriented

Project management skills

IT literate

Good organizational skills

Excellent interpersonal skills

Education

Tertiary or professional qualification in Accountancy / Law / Insurance

Job description

Job Description - Assistant Manager, AML Compliance (250000X0)

Job Number:

Assistant Manager, AML Compliance (

Job Number:

250000X0 )

About the Job

The Assistant Manager is a key position that monitors and supports in the overall AML/CFT/CPF
Compliance portfolio i.e. governance, AML BAU, AML training & awareness and AML/CFT/CPF
Compliance Programme in ensuring compliance with all legal and regulatory requirements and
the Company's internal standards relating to AML/CFT/CPF and TFS.

• Provide support in the overall AML/CFT/CPF Compliance portfolio i.e. governance, AML BAU,
AML training & awareness and AML/CFT/CPF Compliance Programme to ensure internal
standards are met against regulations and group/internal guidelines, policies as well as
operating processes.
• Undertake analysis of higher risk parties and transactions including performing transaction
monitoring, review on Fact Find (FF) form and internal Suspicious Transaction Reports (iSTRs).
• Ensure accurate & timely reporting of STRs to Bank Negara Malaysia (BNM) and maintenance
of up-to-date and effective database of STR cases for reporting purposes and to provide
prompt feedback to relevant regulators, as and when required to do so.
• Maintain AML/CFT/CPF related publications and internal watchlist.
• Undertake periodic review and assessment of AML/CFT/CPF Compliance Programme.
• Assist in developing and reviewing AML/CFT/CPF related policies, standards and procedures
in accordance to the established AML/CFT/CPF regulations and framework.
• Assist in developing and reviewing AML/CFT/CPF training materials and conducting
AML/CFT/CPF training / briefing.
• Assist in preparing statistics and providing updates for reporting to the Management i.e.
Board of Directors, Board Risk Management Committee, Senior Management, Financial Crime
Committee, Group AML/CFT Compliance, etc.
• Assist in identifying and assessing the compliance risks particularly ML/TF/PF risks
associated with the Company current and proposed future business activities, including the
development of new business practices, the proposed establishment of new types of business
or customer relationships, or material changes in the nature of such relationships.
• Provide compliance advisory to the management & business units on the applicable laws,
regulation, rules and standards and the implementation of the relevant provisions.
• Undertake ad-hoc projects as assigned by Head of Department, Group Chief Risk Officer
(GCRO) and Board Risk Management Committee (BRMC).
• Undertake ad-hoc projects as assigned by superior(s).

We are looking for people who

• Possess a Tertiary or professional qualification in Accountancy / Law / Insurance (FLMI, FMII
etc).
• At least 3 - 5 years of working experience in compliance / internal audit; preferably insurance
or banking industry.
• Key skills: Strong written and communication skills, analytical and detail-oriented, IT literate,
good organizational skills, excellent interpersonal skills, project management skills.
• Key knowledge: Insurance law and related regulation, agency and contract law, policy terms
and conditions, product knowledge and features, cross functional knowledge, quality
assurance best practices and good comprehension of compliance guidelines.
• Key competencies: Investigation/ Audit techniques, strategic planning & decision making,
responsible and accountable, able to handle difficult situations and work under pressure,
strong analytical, conceptual & problem solving mind, organizational commitment &
organizational awareness, teamwork and relationship management effectiveness and
legislation and compliance.
• 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.

Who we are

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.