Assistant Manager Compliance Review (Regulatory & AML)

Bank of China (M) Berhad; Kuala Lumpur; On-site; MYR 120,000 - 180,000; Full time

Job summary

Bank of China (M) Berhad seeks an Assistant Manager to design and execute risk-based AML, ABC and Fraud Risk Management reviews. You will assess controls, identify gaps, and drive remediation across the organization, coordinating with departments and stakeholders to ensure regulatory compliance.

You will assist in creating annual work plans, perform testing across AML/CFT and regulatory areas, and prepare clear reports for senior management.

Qualifications

• Bachelor’s degree in Finance, Accounting, Business Administration, Economics or equivalent.
• AML/CFT certification is a plus.

Responsibilities

• Design and execute risk-based AML/ABC/Fraud risk reviews and testing frameworks.
• Identify control gaps and remediation across AML, ABC and fraud management.
• Prepare reports with findings, root cause analyses and management actions.
• Monitor remediation progress and escalate unresolved issues.
• Provide guidance on AML laws and regulatory requirements to business units.

Skills

AML knowledge

ABC compliance

Fraud risk mgmt

Stakeholder mgmt

Regulatory testing

Education

Bachelor’s degree

AML/CFT certification

Job description

Assistant Manager Compliance Review (Regulatory & AML)

Primarily responsible for providing robust assurance that the Bank’s Anti-Money Laundering (AML), Anti-Bribery & Corruption (ABC), Fraud Risk Management compliance programs and ensuring the risk management throughout the organization are effective.

Design and execute a risk-based compliance review for AML, ABC, Fraud Risk Management and testing framework, identify control gaps, assess the adequacy and effectiveness of the compliance programme, and drive remediation across the organisation.

Assist immediate supervisor, Head of AML and Chief Compliance Officer in the coordination with other departments and external stakeholder(s) on the development/ remediation of various compliance programs, policies, services and initiatives; and

Serve as the organization representative and advocate for excellence in compliance functions.

Key Responsibilities

Compliance Testing & Assurance

Assist immediate supervisor to develop an annual AML compliance review work plan that complements the Bank’s strategic objectives; and

Perform regular compliance/ thematic reviews, testing and assessments across AML/CFT, regulatory compliance, fraud management, and ABC areas. Evaluate design and operating effectiveness of controls to ensure adherence to regulatory standards and internal policy requirements.

Identify control weaknesses, process gaps, and instances of non-compliance; recommend and track remediation action plans.

Prepare review reports with clear findings, root cause analyses, and practical recommendations for management action.

Monitor the implementation status of corrective actions and escalation unresolved issues to the Head of Compliance Testing.

Participate and manage discussion with business units to implement relevant controls to comply with local law and regulatory requirements.

To conduct investigation into any fraudulent acts / allegation of wrongdoing or misconduct involving staffs, when needed.

Ensure testing procedures are effective and align with regulatory and supervisory expectations.

Document findings with clear root cause analysis.

Monitoring, Reporting & Remediation

Track and validate the timely and effective remediation of compliance issues and regulatory findings.

Assess the adequacy of internal controls to manage compliance risk and promptly follow up on any identified deficiencies and plans to address such deficiencies;

Prepare periodic compliance review / testing reports for the Board and Senior Management level committee.

Ensure timely escalation of significant compliance risk incident to Chief Compliance Officer, where applicable to ensure immediate remediation action is initiated to mitigate the risk;

Provide timely update to Head of AML and Chief Compliance Officer on potential compliance issue and risk assessment to make an informed judgement;

Provide advisory and guidance to business and operation units on the interpretation of AML laws and regulatory requirements, ABC and Fraud Risk Management and implementation of internal policies and procedures for the management of AML risks, ABC and Fraud Risk Management relevant to the respective business and operation units to ensure alignment to all laws and regulatory requirements; and

Keeping immediate supervisor / Head of AML / Chief Compliance Officer informed on regulatory developments, its implication to the bank’s risk profile;

Training and Awareness

Participate with immediate supervisor to reinforce AML, ABC and Fraud Risk Management culture in the Bank by inculcating compliance is everyone’s responsibilities;

Ensure adequate level of awareness across all departments in relation to AML, ABC and Fraud Risk Management;

Provide guidance on AML, ABC and Fraud Risk Management areas to business and support units.

Any other duties and responsibilities as assigned by Chief Compliance Officer and Head of AML from time to time.

Job Requirements

Recognized Degree in Finance, Accounting, Business Administration, Economics or its equivalent.

Certification in AML/CFT will be an added advantage.

At least 7 years relevant experience for Manager and Assistant Manager respectively with strong knowledge of banking regulatory environment and regulations.

In depth understanding of industry trends, products, relevant laws and regulations.

Familiar with banking operations / procedures and systems to be able to assess and evaluate its’ adequacy in the managing and mitigating AML risks.

Similar AML experience will be an added advantage or at least with audit / risk / compliance experience.

Great team work and ability to attain high productivity.

Good communication and interpersonal skill with the ability to influence others and build good rapport with business and operational units.

Ability to work effectively with internal and external stakeholders.

Knowledge of AML regulatory requirements.

Established in 1912, Bank of China is the oldest bank in China. It has been ranked one of the world's top banks in terms of core capital by The Banker. Bank of China has been included in the Fortune Global 500 for 13 consecutive years. Bank of China is the first and the only Chinese bank that has presence in all major continents. At the present the bank offers financial services through its global network of over 560 overseas offices in 25 countries and regions. We are inviting qualified candidates to join us as:

Established in 1912, Bank of China is the oldest bank in China. It has been ranked one of the world's top banks in terms of core capital by The Banker. Bank of China has been included in the Fortune Global 500 for 13 consecutive years. Bank of China is the first and the only Chinese bank that has presence in all major continents. At the present the bank offers financial services through its global network of over 560 overseas offices in 25 countries and regions. We are inviting qualified candidates to join us as: