Assistant Manager, AML (Compliance)

Aeon Credit Service; Kuala Lumpur; On-site; MYR 60,000 - 90,000; Full time

Job summary

A leading consumer financing provider seeks an AML Manager in Kuala Lumpur. The role involves leading regulatory compliance initiatives, conducting risk assessments, and ensuring adherence to AML/CFT regulations. Candidates should possess a Bachelor's degree and at least 5 years of relevant experience with managerial exposure in the financial services sector.

Qualifications

• Minimum of 5 years post-qualification experience in financial services.
• 1 year of managerial experience is mandatory.
• AML/CFT professional certification preferred.

Responsibilities

• Lead compliance initiatives and manage AML activities.
• Conduct compliance risk assessments and manage investigations.
• Act as the Money Laundering Reporting Officer (MLRO).

Skills

Regulatory compliance

Risk assessment

Anti-Money Laundering (AML)

Communication

Education

Bachelor’s Degree in compliance-related disciplines

Job description

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Lead regulatory compliance risk and reviews of the organization, working in collaboration with the Regulatory Compliance (RC) team to develop compliance standards and practices across the organization/business units.

Manage and lead the end-to-end process of all compliance initiatives and projects, primarily focusing on AML activities, providing direction to the Anti-Money Laundering (AML) team for implementation.

Assist the AML Manager in managing and implementing the organization’s overall regulatory compliance governance and framework, including AML/CFT and Sanction compliance programs.

Conduct compliance risk assessments, including reports on ML/TF inherent risks, AML/CFT mitigating controls, ongoing compliance status, and findings of infringements with recommended actions. This includes institutional ML/TF (IRA), product and business risk assessments, and reviewing policies, procedures, and processes of all business units to ensure regulatory compliance.

Ensure effective implementation of AML/CFT policies and procedures across all business units, including robust CDD/ECDD processes, periodic reviews, proper customer risk profiling, screening, AML/CFT controls, and monitoring. Analyze and conduct internal due diligence reviews/KYC on high-risk cases escalated by business units.

Review compliance and regulatory risks through thematic/periodic monitoring reviews, produce reports, and oversee corrective actions until closure, in compliance with AML/CFT laws and policies.

Handle AML/CFT transaction monitoring activities, review alerts, conduct STR investigations, and investigate suspicious transactions or high-risk customers, including fraud and law enforcement investigations. Establish internal criteria and red flags for detecting suspicious transactions, maintain negative lists, and ensure effective AML operations and system management.

Act as Money Laundering Reporting Officer (MLRO) to submit Suspicious Transaction Reports (STR) to Bank Negara Malaysia (BNM), advise management on suspicious transactions, liaise with regulators, and handle audit reviews (internal & external).

Update and implement group compliance policies, manuals, procedures, systems, and controls to ensure adherence to applicable laws and regulations, including AML/CFT regulations and best practices.

Maintain proper records and provide periodic reports to the Board and Risk Management Committee (BRC) on non-compliance incidents, AML/CFT reporting, and compliance issues.

Provide regulatory advice to business units on AML/CFT and Sanction matters, supervise designated compliance officers, and conduct compliance and AML/CFT awareness training programs.

Minimum job requirements (education & experience):

Bachelor’s/University Degree from a recognized university or equivalent in compliance-related disciplines, preferably with AML/CFT professional certification.

At least 5 years of relevant post-qualification experience within the financial services industry, including a minimum of 1 year in a managerial role.

Experience in compliance functions, preferably gained from banking or financial credit services industry.

Application Questions:

• What's your expected monthly basic salary?

AEON Credit Service (M) Berhad is a leading consumer financing provider with operations in Japan, Malaysia, Hong Kong, Thailand, Taiwan, and China. Since 1996, we've established a strong presence in Malaysia with a wide range of financial services, including credit cards, personal financing, and easy payment schemes to enrich lives.

We offer an exciting, dynamic workplace for talented individuals seeking excellence. Join us today and help shape a promising career path.