Attorney in Kuala Lumpur, Federal Territory

LawCrossing; Kuala Lumpur; On-site; MYR 120,000 - 180,000; Full time

Job summary

A leading company in Kuala Lumpur is seeking a Money Laundering Reporting Officer, Vice President. The role involves ensuring compliance with financial crime regulations, managing AML policies, and overseeing compliance training. Candidates should have a relevant degree and significant experience in AML compliance within a financial institution.

Qualifications

• Minimum of 8 years AML/Compliance experience in a global financial institution.
• Expertise in local AML/CFT regulations.
• Experience in regulatory investigations and audit management.

Responsibilities

• Coordinate execution of the GFCC program within legal entities.
• Liaise with regulatory bodies like Bank Negara Malaysia.
• Develop and implement AML training programs.

Skills

Attention to detail

Problem-solving

Communication

Analytical ability

Decision-making

Education

Bachelor's degree in Accounting, Business, Economics, Finance, or Law

Job description

Attorney in Kuala Lumpur, Federal Territory

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Practice Setting:

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Job Title:

Attorney in Kuala Lumpur, Federal Territory

Job Title: Money Laundering Reporting Officer, Vice President

Job Responsibilities:
- Coordinate the execution of the Global Financial Crimes Compliance (GFCC) program within designated legal entities, ensuring compliance with local and international regulations.
- Assist in executing and delivering the end-to-end compliance program for all legal entities and businesses in Malaysia.
- Disseminate regulatory consultative papers and proposed rules/guidelines, perform gap analysis, and assist in complying with new regulatory requirements.
- Establish, maintain, and develop AML/CFT policies and standards aligned with local regulations and company policies. Provide guidance on global and local policy interpretation.
- Partner with Lines of Business (LOBs) and Compliance Officers to ensure AML obligations are met.
- Liaise and communicate with regulatory bodies, including Bank Negara Malaysia, Labuan Financial Services Authority, Securities Commission, and Bursa Malaysia.
- Oversee identification and due diligence of high-risk clients.
- Participate in operating committee meetings and manage AML documentation, including producing and reviewing AML-related management information for compliance reports.
- Provide support and management supervision on AML/Sanctions/Transaction monitoring and oversee the reporting of suspicious activities.
- Develop and implement AML training and testing programs to enhance and strengthen AML compliance culture.
- Lead the team for regulatory audits, inspections, and investigations, especially on GFCC.
- Coordinate with other audits and inspections on the company’s AML Compliance program.
- Review new business initiatives and address emerging AML risks.
- Conduct GFCC-related risk assessments and contribute to testing with LOBs and functions.

Education and Experience Information:
- Bachelor's degree in Accounting, Business, Economics, Finance, or Law.
- Minimum of 8 years of relevant AML/Compliance experience at a global financial institution.
- Expertise in implementation and advisory of in-country AML/CFT requirements.
- Experience in regulatory investigations, exams, and audit management.

Required Qualifications, Capabilities, and Skills:
- Strong attention to detail and control/quality awareness.
- Solution-driven approach with exemplary problem-solving skills.
- Excellent communication and organizational skills.
- Strong analytical ability and logical thinking.
- Independent decision-maker with time-sensitive assessment skills.
- Ability to work under pressure and influence AML/CFT-related decisions.
- Knowledgeable of Money Laundering/Terrorist Financing (ML/TF) techniques and AML/CFT measures.
- Sound knowledge of local laws and regulations.

Preferred Qualifications, Capabilities, and Skills:
- Familiarity with the latest developments in ML/TF techniques.
- Ability to exude authority in influencing AML/CFT decisions.
- Experience in developing AML training programs.

Salary Information:
The text does not provide specific salary information for this position.

Posted on: May 09, 2025

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