Compliance & Risk Officer

Sunway Group; Subang Jaya; On-site; MYR 67,000 - 100,000; Full time

Job summary

Sunway Group is seeking a Compliance & Risk professional to support the Head of Department in AML/CFT, governance and risk management activities in Malaysia. The role involves conducting watchlist screening, customer due diligence, enhanced due diligence, and transaction monitoring, with analysis of false positives and recommendations to strengthen controls.

You will collaborate with business, legal and audit teams and prepare timely reports while keeping abreast of regulatory developments.

Qualifications

• 3 - 5 years’ experience in AML/CFT, compliance, risk or audit in banking, insurer, remittance or fund management industries.
• Bachelor’s Degree in related field; AML/CFT certification adds advantage.
• Understanding of regulatory requirements and Bank Negara Malaysia guidance.
• Aptitude for accuracy; strong analytical and problem-solving skills.
• Familiar with Microsoft Office (Excel, Word, PowerPoint).

Responsibilities

• Assist Head of Department for Compliance and Risk Management functions.
• Establish, implement and improve frameworks, policies, procedures and controls for AML/CFT compliance.
• Conduct watchlist screening, customer due diligence, enhanced due diligence, periodic reviews and transaction reviews.
• Analyse false positives in AML/CFT monitoring and provide improvement recommendations.
• Prepare reports and ensure proper documentation of reviews.
• Stay updated on compliance and risk management issues and industry trends.
• Support new product/service and process reviews.

Skills

AML/CFT

Compliance

Risk management

Audit

Investigation

Due diligence

Watchlist screening

Transaction monitoring

Education

Bachelor's Degree

AML/CFT certification

Tools

Excel

Word

PowerPoint

Job description

• Responsible to assist the Head of Department for the Company’s Compliance functions, including Governance and Training (such as compliance policy, compliance assessment, training and certification) and Ongoing Due Diligence (such as surveillance monitoring, transaction monitoring, suspicious transaction report review/submission and customer onboarding review).
• Responsible to assist the Head of Department for the Company’s Risk Management functions.
• Assist to establish, implement and continuously improve frameworks, policies, procedures, processes and controls, etc. to ensure compliance by the Company with all laws, regulations and guidelines, including anti-money laundering (AML) and counter financing of terrorism (CFT) rules and regulations.
• Conduct and perform checker function on watchlist screening, customer due diligence, enhanced due diligence, periodic reviews, transaction activity checks and other reviews/investigations in accordance with AML/CFT requirements. Analyse false positive matches and make recommendations to enhance the AML/CFT monitoring.
• Assist the Head of Department and work closely with the Company’s business, legal and audit functions to monitor and test the adequacy of the Company’s compliance and risk management efforts. Recommend preventive and corrective measures, and escalte any issues where non-compliance is not addressed.
• Assist to review and provide advice and recommendations on new products/services and processes.
• Prepare and co-ordinate timely submission of all reports, ensure proper documentation of reviews.
• Keep abreast on compliance and risk management issues and relevant industry trends
• Any other duties as and when assigned from time to time.

Job Requirements:

• 3 - 5 years’ experience in an AML/CFT, compliance, risk or audit role in the banking, insurance, remittance or fund management industry
• At least Bachelor’s Degree in a related field, preferably in law, management, banking, finance or accounting. Professional accreditation or certification in AML/CFT will be an added advantage
• An understanding of the regulatory requirements and interpretation of rules & guidance issued by Bank Negara Malaysia and the relevant authorities
• Aptitude for accuracy and attention to details; Strong investigative, reasoning, analytical and problem-solving skills
• Familiar with Microsoft office (Excel, Word and Powerpoint)

*Our recruitment team will reach out to shortlisted candidates only.