Compliance Analyst FIU

Ria Money Transfer; Kuala Lumpur; On-site; MYR 60,000 - 120,000; Full time

Benefits offered by this job

Competitive Salary & Allowances

Medical & Dental Coverage

Life Insurance

Employee Stock Purchase Plan Options

Growth Opportunities

Team events

Job summary

Ria Money Transfer is seeking an AML/Compliance professional to manage daily FIU operations and support the compliance function. The role involves analyzing suspicious activity reports, conducting due diligence, and coordinating with regulators and law enforcement as needed.

You will review name matches, perform trend analyses, and help improve processes across the unit. Candidates should have a Bachelor’s degree with 2–3 years’ related experience, plus AML/CFT exposure.

Qualifications

• Bachelor's degree in any course is required.
• Minimum 2 to 3 years of experience in similar capacity.
• AML/CFT exposure (transaction monitoring, KYC) preferred.
• Experience in Fraud, Audit or Risk Management an added advantage.
• Onsite schedule Mon-Fri 8-5.

Responsibilities

• Execute daily operation of FIU and Compliance Unit; analyze reports of suspicious transactions.
• Disseminate intelligence to Compliance Officer to facilitate reporting to regulator and LEA.
• Carry out consumer, agent and corridor pattern analysis to detect suspicious activities.
• Review investigations for suspicious activities and escalate within turnaround times.
• Assess name matches from screening systems and determine appropriate actions.
• Undertake ongoing due diligence and enhanced due diligence for case resolution.
• Develop action plans for potential exit customer strategies based on investigations.
• Prepare trend analyses and ad hoc studies for risk review and audit teams.

Skills

Time management

Proactive

Problem solving

Decision making

Analytical thinking

English proficiency

Regulatory awareness

MS Office

Collaboration

Interview skills

Team player

Education

Bachelor's degree

Business or Law degree preferred

Job description

Description

Ria Money Transfer, a business segment of Euronet Worldwide, Inc. (NASDAQ: EEFT), delivers innovative financial services including fast, secure, and affordable global money transfers to millions of customers along with currency exchange, mobile top-up, bill payment and check cashing services, offering a reliable omnichannel experience. With over 600,000 locations in nearly 200 countries and territories, our purpose remains to open ways for a better everyday life.

Description

Ria Money Transfer, a business segment of Euronet Worldwide, Inc. (NASDAQ: EEFT), delivers innovative financial services including fast, secure, and affordable global money transfers to millions of customers along with currency exchange, mobile top-up, bill payment and check cashing services, offering a reliable omnichannel experience. With over 600,000 locations in nearly 200 countries and territories, our purpose remains to open ways for a better everyday life.

We believe we can create a world in which people are empowered to build the life they dream of, no matter who they are or where they are. One customer, one family, one community at a time.

About This Role

This role will be responsible for:

• Executing the daily operation of Financial intelligence Unit (FIU), Compliance Department. FIUs receive reports of suspicious transactions from Stores, Agents, related RIA Compliance Unit and entities, analyze them, and disseminate the result / intelligence to Compliance Officer to facilitate the reporting of suspicious activities report to Regulator and local law-enforcement agencies to combat AML/CFT.
• Conduct comprehensive Consumer, Agent and Corridor trend / pattern analysis to detect suspicious activities and Modus Operandi. The result of analysis conducted (pattern / modus operandi) are disseminate to relevant compliance unit to facilitate the risk assessment and investigation.

Roles & Responsibilities

• Review and conduct investigation to determine any point of for suspicious (AML / CFT & Fraud) and ensure the suspicious activities / transaction detected are escalated for further investigation within the standard turn - around time stipulated.
• Review and conduct investigation to assess potential matches to name hits flagged out by the IME name screening systems, negative news / press / public domain, Regulatory and Local Enforcement Agencies (LEA) escalation by recommend the appropriate treatment of the hits which includes of filling of suspicious activities report, place into Internal Watchlist, exist customer etc.
• Conduct On - Going Due Diligence and Enhanced Customer Due Diligence to facilitate the case investigation / resolution
• Tasked to propose action plans for potential exit customer strategy / plan base on the result of investigation.
• Tasked to conduct trend analysis / post transaction analysis (ad hoc, periodic) to detect potential suspicious and modus operandi and by disseminate the result of analysis to relevant Compliance Unit and Internal Audit Unit to facilitate the risk review, investigation and filling of suspicious activities report.
• Tasked to undertake CDD referral escalation from Regional Compliance team.
• Assisting the Line Manager to conduct gaps analysis to identify potential process deficiencies to improve business operations and service quality and unit costs through effective capacity planning, process re-engineering and automation. This includes regular engagement with internal and external stakeholder.
• Participate in system enhancement for process improvement
• Assisting Line Manager in conducting training to peer / new joiner so that they are aware of the internal process, due diligence requirement, rules and regulation and additional information and document require to facilitate the transaction processing which are in legal hold.
• Involved advisory roles to Branches and Agents with matter pertaining to transaction that require due diligence, suspicious activities, name matching and others compliance related matters.
• To ensure that the FIU database / trackers are updated on timely basis.
• Produce daily, monthly, and ad - hoc statistical study to Line Manager
• Undertake any other task / responsibilities assigned by the Line Manager / Management from time to time.

Position Requirements

• Bachelors' degree in any course.
• Minimum of 2 to 3 years of experience in similar capacity or related working experience.
• Preferably with working knowledge or acquired brad-based AML/ CFT experience (i.e. transaction monitoring, investigation, AML Operation and Reporting, Screening & Sanctions, KYC).
• Candidates with add on experiences on Fraud, Audit and Risk Management will be an added advantage
• Bachelor’s Degree preferred in Business, Law or related field of study
• Must be able to work an onsite schedule M-F (8-5)

Skills & Abilities

• Good time management and ability to multi-task
• Proactive
• Problem Solving/ Decision Making/ Analytical Thinking
• Proficient in English Language as well as possess excellent communication, report writing, presentation and interpersonal skills
• Oriented to meet rigorously the current legislation
• Proficient in MS Word, Outlook, PowerPoint, Excel
• Strong collaboration skills
• Good interviewing and interrogation skills
• Team player who is able to work well independently under a fast-paced, deadline-driven environment.

Perks & Benefits

• Competitive Salary & Allowances
• Medical & Dental Coverage
• Life Insurance
• Employee Stock Purchase Plan Options
• Growth Opportunities
• Corporate gatherings, team bonding events, and much more!

Ria Money Transfer is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

Check out our website to learn more about the company at: http://www.riamoneytransfer.com/

The position responsibilities outlined above are intended to define the general contents and requirements to perform this job. It is not to be taken as a complete statement of responsibilities or requirements. This job description does not restrict the Company’s right to assign or reassign duties and responsibilities to this job as needed.