Chief Compliance Officer

Vivo Money Sdn Bhd; Kuala Lumpur; On-site; MYR 90,000 - 120,000; Full time

Job summary

Vivo Money Sdn Bhd in Malaysia seeks a senior Compliance officer to lead AML/CFT programs, oversee risk-based testing, and ensure adherence to regulatory requirements across cross-border remittance and MSB activities.

You will report to senior management, develop training, manage regulatory liaison, and build a strong compliance culture through policy design, risk assessment, and incident response across branches.

Qualifications

• Bachelor's degree in Banking, Finance, Accounting, Law or related discipline.
• 8–10+ years in compliance, AML/Sanctions, or regulatory affairs in financial services.
• 3–5+ years in a managerial or senior leadership role.

Responsibilities

• Compliance risk identification, evaluation, and monitoring across AML/CFT/CPF.
• Design and implement risk-based testing and control monitoring programs.
• Deliver risk disclosures and reports to Senior Management and BOD; escalate breaches.
• Regulatory liaison with authorities on AML/CFT/CPF matters and guidance.
• Develop and maintain AML/CFT framework incl. CDD/EDD, sanctions, monitoring.
• Lead training programs to foster risk-aware compliance culture.
• Oversee insourced and branch compliance across network and partnerships.
• Lead compliance team and drive technology and project initiatives.

Skills

Leadership

Stakeholder management

Written communication

Verbal communication

Education

Bachelor's Degree in Banking, Finance, Accounting, Law

Job description

• Compliance Risk Identification & Assessment: Continuously identify, evaluate, and monitor compliance risks related to foreign exchange, cross-border remittance, and MSB activities. Stay abreast of emerging regulatory updates and structural shifts in the financial landscape.
• Testing & Internal Controls: Design and execute risk-based compliance testing and monitoring programs to assess control effectiveness. Promptly address identified control deficiencies with structured corrective action plans.
• Board & Executive Reporting: Deliver regular compliance risk disclosures, trend analyses, and monitoring reports to Senior Management and the Board of the Directors (BOD). Promptly escalates critical breaches or regulatory exposures to Regional and Board leadership.
• Regulatory Advisory & Liaison: Serve as the primary liaison and official point of contact for regulatory bodies and supervisory authorities on AML/CFT/CPF and general compliance matters. Provide authoritative regulatory guidance to executive leadership and department heads.
• AML / CFT / CPF & Framework & Implementation: Develop, implement, and maintain the AML/CFT Compliance Framework, ensuring alignment with BNM’s policy documents and best practices. Oversee Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), Sanction Screening, and Transaction Monitoring processes. Ensure timely and accurate reporting of Suspicious Transaction Reports (STRs) through the AML/CFT platform. Conduct risk assessments for customers, agents, and transactions to identify and mitigate money laundering and terrorism financing risks.
• Training & Culture Promotion: Develop and deliver comprehensive training programs on statutory obligations, AML/Sanctions rules, and internal codes of conduct for all officers and staff to foster an active risk-aware compliance culture.
• Insourced & Branch Compliance Management: Oversee and support insourced compliance functions, ensuring full regulatory alignment and consistency across branch networks, agent networks, and strategic partnerships.
• Team Leadership & Strategic Projects: Lead, coach, and develop the compliance team members. Spearhead compliance-related technology transformations, system upgrades, and strategic corporate projects.

Key Authorities

• Direct Regulatory Communication: Authorized to communicate, negotiate, and liaise directly with financial regulators, supervisory agencies, and law enforcement authorities on operational compliance and AML/CFT/CPF inquiries.
• Independent Access & Oversight: Granted full, unrestricted access to all operational areas, systems, customer records, and employee data necessary to execute independent risk evaluations and internal investigations.

Requirements

• Education: Bachelor's Degree in Banking, Finance, Accounting, Law, or a related discipline from an accredited institution.
• Professional Certification: MAMSB/BNM Certification: Fully completed Modules 1 to 4 of the AML/CFT Compliance Officer Programme (mandatory) and registered under GOCO. Professional Accreditations: AICB (CAML) or ACAMS (CAMS) certification is added advantage.
• Industry Experience: Minimum 8–10+ years of progressive experience in compliance, AML/Sanctions operations, or regulatory affairs within financial institutions, MSBs, money exchange, or remittance environments, including at least 3–5 years in a managerial or senior leadership role.
• Regulatory Mastery: Deep, practical grasp of financial rules, banking regulations, cross-border payment compliance, sanctions screening frameworks, and AML/CFT/CPF guidelines.
• Leadership & Soft Skills: Exceptional interpersonal and stakeholder management abilities, strong written and verbal communication skills, with proven success in coaching, leading teams, and managing cross-functional projects