Assistant Manager, Risk & Compliance

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The Compliance Officer ensures that all operations of the e-wallet platform are conducted in full compliance with legal and regulatory requirements. This includes monitoring transactions, investigating suspicious activities, and ensuring adherence to anti-money laundering (AML), combating the financing of terrorism (CFT), and data protection laws.

Key Responsibilities:

1. Regulatory Compliance:
   • Stay updated on all relevant regulations, laws, and industry standards, including AML, CFT, TFS, PFS and data protection.
   • Ensure the company’s e-wallet services meet legal requirements in all jurisdictions where the company operates.
   • Liaison with Bank Negara Malaysia and other regulators on matters related to compliance and maintains the e-wallet and other relevant license obtained from Bank Negara Malaysia.
   • Develop, implement and improve frameworks, policies, procedures and action plans to ensure compliance with all laws, regulations and guidelines, including anti-money laundering (AML), Counter Financing of Terrorism (CFT), Targeted Financial Sanction (TFS) and Proliferation Financing (PFS) rules and regulations.
   • Prepare and submit regulatory filings and reports, as required by financial authorities.
   • Conduct risk assessments to identify compliance risks associated with new products, services, and geographic expansion.
   • Monitor user transactions and account activity to detect any suspicious activity or potential fraud.
   • Implement and maintain transaction monitoring systems to identify red flags and escalate concerns to relevant authorities when necessary.
2. Anti-Money Laundering (AML):
   • Develop and maintain AML policies and procedures.
   • Ensure effective Know Your Customer (KYC) protocols are in place to verify user identities and prevent financial crimes.
   • Lead the investigation of suspicious activity reports (SARs) and ensure they are filed in a timely manner.
   • Prep for annual and ad-hoc audits conducted by Internal/External Auditor representing Risk & Compliance Unit.
3. Compliance Audits & Reporting:
   • Prepare and present compliance reports to senior management and external auditors, if necessary.
   • Develop and deliver regular compliance training programs for employees.
   • Ensure that all relevant staff understand the legal requirements and policies in place to protect the organization from regulatory breaches.
   • Investigate any compliance breaches, fraud, or potential misconduct within the platform.
   • Implement corrective actions and maintain a detailed record of incidents and resolutions.
4. Liaison with Regulators:
   • Act as the point of contact for regulatory bodies, auditors, and other external entities regarding compliance matters.
   • Handle regulatory inquiries and investigations related to e-wallet operations.
5. Fraud Detection and Prevention:
   • Oversee the development and execution of fraud detection strategies to minimize risk across all e-wallet transactions.
   • Utilize fraud detection tools and monitoring systems to identify potentially fraudulent activities in real-time.
   • Work closely with data analytics and technical teams to enhance fraud detection algorithms and improve transaction monitoring systems.
   • Set up and manage fraud alerts for high-risk transactions, ensuring that they are investigated promptly.

Qualifications:

1. Education:
   • Candidate must possess at least a Bachelor's Degree in Risk Management or Accountancy or Finance or Law or related Business Administration field.
   • Professional certifications such as CAMS (Certified Anti-Money Laundering Specialist) or CFE (Certified Fraud Examiner) are preferred.
   • Legal background and relevant qualifications can be an advantage.
2. Experience:
   • Minimum of 5 years of experience in compliance, risk management, or legal roles in the financial services industry, with a focus on digital payments or e-wallet services.
   • Strong understanding of AML, KYC, CFT regulations, and financial crimes prevention.
3. Skills:
   • Excellent knowledge of global financial regulations and payment systems.
   • Analytical skills with the ability to assess compliance risks.
   • Strong communication skills, both written and verbal, to effectively interact with internal teams, regulators, and customers.
   • Attention to detail and strong problem-solving skills.
   • Proficiency in compliance software and tools for monitoring transactions and generating reports.
4. Personal Attributes:
   • High ethical standards and integrity.
   • Ability to handle sensitive information and maintain confidentiality.
   • Strong organizational skills with the ability to prioritize tasks.

How do your skills match this job?

Your application will include the following questions:

• Which of the following types of qualifications do you have?
• How many years' experience do you have as a Risk and Compliance Manager?
• Which of the following languages are you fluent in?
• How much notice are you required to give your current employer?