Associate, AML (Financial Crime Operations) [RID-00712]

Setel; Kuala Lumpur; Hybrid; MYR 48,000 - 78,000; Full time

Benefits offered by this job

Hybrid working arrangement

Relax and unwind at leisure area with…

Wear jeans allowed

Coffee, tea, or snacks available

Inter-company sports team

Workshops and events for bonding

Job summary

Setel is seeking an Associate, AML (FCO) to help ensure compliance with AMLA and manage financial crime risk in a fast-paced digital payments environment. You will perform sanctions screening, conduct CDD/EDD/ODD, and prepare data-driven compliance reports for internal stakeholders.

You will work with cross-functional teams, maintain robust AML/eKYC records, and respond to internal requests via Zendesk, contributing to audit readiness and regulatory compliance in Malaysia.

Qualifications

• Bachelor’s Degree in any field.
• Certificate in AML is a plus.
• Minimum of 2 years working experience in AML, e-KYC and related areas.
• Experience with CDD, EDD, and ODD.
• Hands-on experience with AML monitoring and screening mechanisms.
• Familiarity with regulatory reporting and record-keeping requirements.
• Ability to work collaboratively with cross-functional teams and provide training on AML.
• Experience in digital payments or e-wallet environment is an advantage.

Responsibilities

• Perform sanctions screening against UNSC, OFAC, and domestic watchlists and monitor financial transactions for suspicious activities and ensure proper reporting and documentation are completed accurately and within required timelines as per industry and required standards.
• Conduct customer due diligence (CDD), enhanced due diligence (EDD), and ongoing due diligence (ODD) for customers based on their assessed risk level by gathering required documentation, completing due diligence records, and escalating cases that require further review in order to meet AMLA statutory obligations.
• Prepare detailed data summaries and compliance tracking records for internal stakeholders by compiling screening outcomes, CDD/EDD completion status, and monitoring results to demonstrate the team’s adherence to AMLA requirements.
• Prepare reports via internal tools (e.g. Holistics, Mixpanel etc.) by extracting relevant data, structuring findings, and presenting outputs in a clear and usable format to assist in account investigations and support the team's regulatory reporting obligations.
• Execute requests from internal stakeholders via Zendesk and other related communication methods by reviewing the request, gathering the required information, and responding accurately within stipulated timeframes in order to support cross-functional compliance operations.
• Maintain accurate and up-to-date records of all AML/eKYC activities including screening logs, CDD/EDD documentation, and transaction monitoring outcomes by filing and archiving records in designated systems in order to support audit readiness and meet BNM statutory retention requirements.

Skills

Confidentiality

Decision making

Developing others

Initiative

Planning & organizing

Negotiation & influence

Education

Bachelor’s Degree in any field

Certificate in AML (advantage)

Job description

About Setel:

Introduced in July 2018, Setel is a mobile platform that aims to delight customers by innovating for better, inclusive mobility. Setel serves customers across Malaysia by powering one app as the constant companion to ease motorists’ journey across fueling, parking, EV charging, motor insurance, road tax, auto assistance, general purchases, and more across an ecosystem of PETRONAS petrol stations, retail partners, and online merchants.

Role Purpose:

The Associate, AML (FCO) performs operational strategizing to ensure Setel’s business complies with AMLA requirements, supporting the business in mitigating financial risks and fostering trust with stakeholders.

In this role you will:

• Perform sanctions screening against UNSC, OFAC, and domestic watchlists and monitor financial transactions for suspicious activities and ensure proper reporting and documentation are completed accurately and within required timelines as per industry and required standards.
• Conduct customer due diligence (CDD), enhanced due diligence (EDD), and ongoing due diligence (ODD) for customers based on their assessed risk level by gathering required documentation, completing due diligence records, and escalating cases that require further review in order to meet AMLA statutory obligations.
• Prepare detailed data summaries and compliance tracking records for internal stakeholders by compiling screening outcomes, CDD/EDD completion status, and monitoring results to demonstrate the team’s adherence to AMLA requirements.
• Prepare reports via internal tools (e.g. Holistics, Mixpanel etc.) by extracting relevant data, structuring findings, and presenting outputs in a clear and usable format to assist in account investigations and support the team's regulatory reporting obligations..
• Execute requests from internal stakeholders via Zendesk and other related communication methods by reviewing the request, gathering the required information, and responding accurately within stipulated timeframes in order to support cross-functional compliance operations.
• Maintain accurate and up-to-date records of all AML/eKYC activities including screening logs, CDD/EDD documentation, and transaction monitoring outcomes by filing and archiving records in designated systems in order to support audit readiness and meet BNM statutory retention requirements.

You're a great fit if you have:

• Bachelor’s Degree in any field.
• Certificate in Anti-Money Laundering (AML) is a plus.
• Minimum of 2 years working experience in AML, e-KYC and related areas.
• Experience with customer due diligence (CDD), enhanced due diligence (EDD), and ongoing due diligence (ODD).
• Hands-on experience with AML monitoring and screening mechanisms.
• Familiarity with regulatory reporting and record-keeping requirements.
• Ability to work collaboratively with cross-functional teams and provide training on AML.
• Experience working in a digital payments or e-wallet environment is an advantage.

Technical/Functional :

• Knowledge in AML/CFT laws, regulations, and best practices, including understanding typologies and red flags.
• Proficiency in conducting CDD, enhanced due diligence (EDD), and ongoing due diligence (ODD) using electronic platforms and tools.
• Experience with preparing and submitting suspicious transaction reports
• Familiarity with screening processes against sanctions lists (e.g., OFAC, UN) and other watchlists.
• Ability to analyze transaction data to identify and investigate unusual or suspicious activity.
• Understanding of internal controls and risk management principles related to financial crime operations.

Leadership/ Behavioural :

• Confidentiality: Ability to handle sensitive information with confidentiality.
• Decision Making & Judgement
• Developing & Empowering Others
• Initiative
• Planning & organizing/Time Management
• Negotiation & Influence

What Makes Working With Us Awesome

• Our people and culture: You will get to work with awesome and friendly colleagues to whom you can expect to collaborate well to deliver your work. Empowerment is given and you will get a lot of opportunities for peer-learning.
• Availability of tools and applications: You will be provided with different tools to facilitate your work. Automate your work whenever possible so that you can focus on delivering impact for your role.
• Development focused: Your learning and growth matters most for us. We are people centric and always ready to help our people to define what they want to make an impact on and craft their learning plan accordingly.

Cool Perks/Benefits

• Hybrid working arrangement; Flexible working hours.
• Relax and unwind at the leisure area with video games, board games, books, and more.
• Wear your favourite jeans, or any cool OOTD so that you can work comfortably (in style).
• Coffee, tea, or snacks are available for consumption at the pantry. Because you’ll be happier with a full tummy.
• A healthy body leads to a brilliant mind. Let’s get moving with the inter-company sports team.
• There will be workshops, talent shows, sport activities, and other events for sharing and bonding.

Personal Data Protection

Setel Ventures Sdn Bhd (“Setel”, “we”, “our” “us”) is committed to protecting and respecting your privacy. This Setel privacy statement (“Privacy Statement”) explains what personal data we collect about you, when and why we collect it, how we use it, the conditions under which we may disclose it to others, your rights to your personal data, and how we keep it secure. This Privacy Statement covers both our online and offline collection activities, including personal data that we collect through online platforms such as websites, applications, third-party social networks or our online and physical events, or through other third parties that we work with. Please read this carefully to understand our views and practices regarding your personal data.