Compliance Associate

Baxian Trust (Labuan) Limited; Labuan; On-site; MYR 60,000 - 90,000; Full time

Job summary

Baxian Trust (Labuan) Limited is seeking an AML/KYC First Layer Reviewer to ensure client documentation is up to date and compliant with regulatory requirements. You will be involved in onboarding reviews, ongoing KYC updates, and thorough name screening using World Check and public sources.

Collaborating with Relationship Managers and the Compliance team, you will prepare risk assessments, escalate concerns, and maintain organized KYC records across physical files, shared drives, and PORTAL.

Qualifications

• Diploma or bachelor’s degree, preferably in finance, economics, accounting, or legal field.
• Minimum 1-year experience in TCSP and AML-KYC & Customer Due Diligence will be an added advantage.
• Strong sense of responsibility, good time management, and able to meet deadline.
• Able to work independently with a positive mindset to work in any challenging situations.
• Proficiency in English with excellent communication skills.
• Strong proficiency with PowerPoint, Excel, Word, SharePoint.

Responsibilities

• Act as first layer reviewer in AML file reviews to ensure KYC documents are up to date.
• Perform onboarding review on new prospect clients ensuring all compliance, KYC and CDD as required by SOPs.
• Conduct periodical review, monitor and update the KYC of directors, shareholders, beneficial owners and other affiliated entities in the group database.
• Conduct name screening on clients and related parties using World Check and Google Search and review any adverse news found.
• Resolve ongoing screening in Artemis on a weekly basis for all clients to identify matches against adverse news or sanction and escalate to Compliance Officer or Team Lead where necessary.
• Prepare risk assessment on new and existing clients and raise any points of concern such as PEP and OHR.
• Liaise with Relationship Managers to request for KYC documents and information and provide first level compliance support and advisory.
• File Internal Suspicious Transaction Report (“ISTR”) to the Compliance Officer in a timely manner where a suspicion has been identified.
• Maintain and update KYC documents and information in the company’s physical files, shared drives, and PORTAL.
• Attend all training and undertake any testing as requested and required by the Company.
• Ensure documentation are well organised and properly kept.
• Provide support and assistance to corporate departments related to AML and other ad hoc tasks from time to time.
• Assist Compliance Team Lead on other ad hoc task, when required from time to time.

Skills

KYC compliance

AML experience

English communication

Education

Bachelor's degree or diploma

Tools

PowerPoint

Excel

SharePoint

Word

Job description

Act as first layer reviewer (i.e., maker) in conducting AML file reviews on client’s database to ensure the KYC document and information are up to date and align with current regulatory requirement.

Perform onboarding review on new prospect client, ensuring all compliance, KYC and CDD as required by SOPs are met and satisfied in compliance with the applicable jurisdictions.

Conduct periodical review, monitor and update the KYC of directors, shareholders, beneficial owners and other affiliated entities in the group database.

Conduct name screening on clients and related parties using World Check and Google Search and review any adverse news found.

Resolve ongoing screening in Artemis on a weekly basis for all clients to identify matches against adverse news or sanction and escape to Compliance Officer or Team Lead where necessary.

Prepare risk assessment on new and existing clients and raise any points of concern such as PEP and OHR.

Liaise with Relationship Managers to request for KYC documents and information and provide first level compliance support and advisory.

File Internal Suspicious Transaction Report (“ISTR”) to the Compliance Officer in a timely manner where a suspicion has been identified.

Maintain and update KYC documents and information in the company’s physical files, shared drives, and PORTAL.

Attend all training and undertake any testing as requested and required by the Company.

Ensure documentation are well organised and properly kept.

Provide support and assistance to corporate departments related to AML and other ad hoc tasks from time to time.

Assist Compliance Team Lead on other ad hoc task, when required from time to time.

Job Requirements

A diploma or bachelor’s degree, preferably in finance, economics, accounting, or legal field.

Minimum 1-year experience in TCSP and AML-KYC & Customer Due Diligence will be an added advantage.

Strong sense of responsibility, good time management, and able to meet deadline.

Able to work independently with a positive mindset to work in any challenging situations.

Proficiency in English with excellent communication skills.

Strong proficiency with PowerPoint, Excel, Word, SharePoint.