Associate Director, Compliance (AML)

Principal Asset Management Berhad; Kuala Lumpur; On-site; MYR 80,000 - 110,000; Full time

Job summary

A leading company in financial services is seeking an AML Compliance professional to manage regulatory compliance and risk management activities. The role involves conducting impact assessments, reviewing policies, and preparing compliance reports, requiring extensive experience and relevant certifications in AML and compliance.

Qualifications

• 8 to 10 years of AML Compliance experience in Financial Services.
• Certification in AML or Compliance preferred.
• Strong stakeholder engagement with communication skills.

Responsibilities

• Conduct gap analyses and impact assessments based on AML guidelines.
• Evaluate suspicious transactions and escalate STRs as necessary.
• Maintain and enhance the AML framework to ensure compliance.

Skills

Stakeholder Engagement

Communication

Presentation

Education

Bachelor's Degree

Certification in AML

Compliance Certification

Tools

Microsoft Office

Job description

Responsibilities

AML Regulatory Compliance & Governance

• Conduct gap analyses and impact assessments based on new or revised AML guidelines and internal requirements.
• Review and update business unit policies and procedures to ensure regulatory compliance.
• Provide advisory support on regulatory interpretations in collaboration with Legal.

AML Framework & Risk Management

• Maintain and enhance the AML framework to ensure compliance with AMLATFPUAA and other regulations.
• Evaluate suspicious transactions and escalate STRs (Suspicious Transaction Reports) when necessary.
• Initiate and monitor Enhanced Customer Due Diligence (ECDD) processes, ensuring SLA adherence.
• Lead the annual review of transaction monitoring criteria and report updates to the AML Committee.

AML Transaction Risk Monitoring

• Review high-risk account cases and onboarding documentation to ensure proper KYC procedures.
• Oversee transaction monitoring activities and report status to the AML Committee.
• Stay updated on regulatory developments and ensure monitoring processes remain robust and effective.

Internal Controls & Testing

• Maintain the compliance matrix and conduct departmental self-testing.
• Review and verify compliance monitoring activities submitted by business units.

Documentation & Regulatory Submissions

• Support the review and submission of fund-related documents (e.g., interim/annual reports, offering documents).
• Ensure compliance in promotional materials and regulatory filings (monthly, quarterly, etc.).

Reporting & Advisory

• Prepare compliance reports for Group and Committees.
• Respond to regulatory and law enforcement requests and complete due diligence questionnaires.

Projects & Strategic Initiatives

• Lead or participate in compliance-related projects and high-level initiatives as assigned.

Qualifications

• Bachelor's Degree or equivalent with at least 8 to 10 years of working experience in AML Compliance within the Financial Services industry
• Certification in AML and/or Compliance certification
• Experience in compliance for fund management, dealing in securities in relation to unit trust and private retirement schemes will be an added advantage
• Strong stakeholder engagement skills (with both internal and external stakeholders, i.e. regulators)
• Able to communicate and present effectively
• Proficient in English and writing, good communication and presentation skills
• Proficient in Microsoft Office: Excel, Word, PowerPoint