Compliance Officer

UNICOIN DCX SDN. BHD.; Labuan; On-site; MYR 50,000 - 70,000; Full time

Job summary

A leading offshore financial services company in Labuan is seeking an experienced Compliance Officer to lead its compliance framework. The role involves ensuring adherence to Labuan FSA regulations, managing AML/CFT programs, and conducting compliance risk assessments. Ideal candidates should have a Bachelor’s degree and at least one year of compliance experience in financial services, along with strong analytical and communication skills. This position offers a unique opportunity to work in a dynamic regulatory environment.

Qualifications

• Minimum 1 year of compliance experience in financial services.
• Strong understanding of Labuan FSA regulations and AMLA.
• Professional certifications such as CAMCO, ACAMS or ICA are an advantage.

Responsibilities

• Ensure compliance with Labuan Financial Services regulations.
• Act as the liaison with Labuan FSA and auditors.
• Conduct compliance risk assessments and audits.
• Oversee AML/CFT compliance framework and training.
• Prepare compliance reports for senior management.

Skills

Regulatory compliance

Analyzing financial regulations

Customer due diligence (CDD)

Risk management

AML/CFT frameworks

Communication with regulators

Education

Bachelor’s degree in Law, Finance, Accounting, Business or related fields

Job description

We are seeking an experienced and detail-oriented Compliance Officer to lead our compliance framework in accordance with the Labuan Financial Services Authority (Labuan FSA) regulatory requirements. The successful candidate will oversee regulatory compliance, AML/CFT programs, risk assessments, licensing obligations, and internal controls for our Labuan-licensed offshore financial services company.

Key Responsibilities

Regulatory Compliance & Governance

• Ensure full compliance with the Labuan Financial Services and Securities Act (LFSSA), Labuan Companies Act (LCA), AMLA, and other applicable laws and guidelines.
• Act as the primary liaison with Labuan FSA, auditors, and regulatory bodies.
• Prepare, review, and submit statutory reports, regulatory filings, and notifications within stipulated timelines.
• Monitor regulatory updates and ensure timely implementation of new requirements.
• Conduct compliance risk assessments and implement effective risk mitigation measures.
• Evaluate and enhance corporate governance practices.
• Provide compliance advisory to management and business units on regulatory, operational, and reputational risks.
• Draft, implement, and review compliance-related policies.

AML/CFT & KYC Management

• Oversee AML/CFT compliance framework, policies, and procedures.
• Conduct customer due diligence (CDD), enhanced due diligence (EDD), sanctions screening, and periodic reviews.
• Investigate suspicious activities and file STRs/SARs with the Financial Intelligence Unit when appropriate.
• Manage staff AML/CFT training and promote compliance awareness.
• Develop and maintain internal controls, compliance manuals, and SOPs.
• Perform compliance monitoring, testing, and internal audits where required.
• Support new product offerings by assessing regulatory and compliance risks.

Reporting & Documentation

• Prepare compliance reports for senior management and the Board.
• Maintain accurate records of compliance activities, reviews, and audits.
• Ensure proper documentation and retention in line with regulatory obligations.

Requirements

• Bachelor’s degree in Law, Finance, Accounting, Business, related fields, or equivalent years of experience in a compliance department.
• Professional certifications such as CAMCO, ACAMS, ICA, or equivalent are an advantage.
• Minimum 1 year of compliance experience in financial services.
• Strong understanding of Labuan FSA regulations, AMLA, and related guidelines.
• Experience leading compliance programs or teams is an advantage.
• Well-versed in AML/CFT frameworks, sanctions regimes, and risk management concepts.
• Strong interpersonal skills with ability to communicate effectively with regulators and senior stakeholders.
• High level of integrity, independence, and professionalism.
• Strong analytical and problem‑solving abilities.
• Excellent written and verbal communication skills in English.