Compliance Team Lead

Baxian; Kuala Lumpur; On-site; MYR 168,000 - 254,000; Full time

Job summary

A leading compliance firm in Kuala Lumpur is seeking an experienced compliance officer to oversee AML/CFT regulations and team performance. The ideal candidate has over 5 years of experience in compliance roles and a strong understanding of regulatory requirements. This role offers competitive benefits and a chance to lead a dedicated team.

Qualifications

• 5+ years of direct experience in an AML/CFT compliance role.
• In-depth knowledge of applicable local and international AML/CFT laws.
• Proven experience in team leadership or managerial capacity.

Responsibilities

• Manage preparation and execution of performance targets for team members.
• Monitor status of client file reviews and ensure compliance.
• Act as primary subject matter expert for compliance matters.

Skills

Team leadership

AML/KYC compliance

Risk assessments

Regulatory compliance

Analytical skills

Education

Bachelor’s Degree in law, Finance, Accounting, or related field

Job description

Job Description

1. Team Leadership & Performance Management

• Manage the preparation and execution of individual action plans and performance targets for all team members.
• Train, coach, and appraise the team to ensure all targets, Key Performance Indicators (KPIs), and Service Level Objectives (SLOs) are consistently met.
• Develop and implement strategic plans for the team's overall growth, skill enhancement, and operational activities.

2. Operational Oversight & Quality Assurance

• Monitor and track the status of all outstanding client file reviews to ensure completion within set deadlines, escalating delayed cases to relevant business units as necessary.
• Perform secondary reviews of client files, including new incorporations, ongoing monitoring, and risk rating changes, to ensure quality and accuracy.
• Ensure all AML/KYC regulatory requirements for new and existing clients are in place, documented, and kept up-to-date.
• Liaise with the Compliance Manager and other departments to address and resolve quality control issues identified in client file reviews.
• Act as the primary subject matter expert, guiding team members in gathering data and supporting documents from various internal and external sources.
• Support and coach team members to identify data gaps, perform comprehensive risk assessments (including for PEPs and Other High Risks), and evaluate client profiles.
• Provide direct support to the team in preparing and gathering evidence for Internal Suspicious Transaction Reports (ISTRs).
• Conduct operational training sessions and presentations on compliance matters as required.

3. Subject Matter Expertise & Team Support

• Act as the primary subject matter expert, guiding team members in gathering data and supporting documents from various internal and external sources.
• Support and coach team members to identify data gaps, perform comprehensive risk assessments (including for PEPs and Other High Risks), and evaluate client profiles.
• Provide direct support to the team in preparing and gathering evidence for Internal Suspicious Transaction Reports (ISTRs).
• Conduct operational training sessions and presentations on compliance matters as required.

4. Regulatory Compliance & Advisory

• Provide timely compliance support and advisory services to business units on internal procedures and regulatory obligations.
• Continuously monitor new and evolving AML/CFT legislation and jurisdictional requirements, advising the Compliance Officer and Senior Management on necessary actions.
• Assist the Compliance Officer in updating and maintaining all compliance procedures, guidelines, reports, and manuals.
• Ensure the company's strict adherence to all statutory and internal AML/CFT policies and regulations at all times.

5. Reporting & Stakeholder Management

• Assist in the preparation of the Annual Compliance Report to the Board of Directors and regulators within required timelines.
• Assist with internal and external audit reviews, suggest process improvements, and implement required changes.
• Liaise with Compliance Officers and auditors from other offices within the Group on compliance-related matters.

6. General & Ad-Hoc Duties

• Handle various corporate, company secretarial, and trust-related compliance matters.
• Assist senior management and the Compliance Manager with other ad-hoc tasks and projects as required.

Qualifications & Experience

Required:

• Bachelor’s Degree in law, Finance, Accounting, Economics or a related field.
• A minimum of 5 years of direct experience in an AML/CFT compliance role.
• In-depth knowledge of applicable local and international AML/CFT laws, regulations, and best practices.
• Proven experience in team leadership, supervisory, or managerial capacity.

Preferred:

• Professional certification such as Certified Anti-Money Laundering Specialist (ACAMS) or from the International Compliance Association (ICA).
• Working knowledge in corporate secretarial and trust structure.

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