FVP, Regional Retail & Corporates AML Lead

Monroe Consulting Group; Kuala Lumpur; On-site; MYR 150,000 - 250,000; Full time

Job summary

A leading financial institution in Malaysia is seeking a seasoned FVP, Regional Retail & Corporates AML Lead. This pivotal role focuses on managing KYC and CDD processes, ensuring compliance with regulations in a dynamic financial landscape. The successful candidate will lead teams, improve operational efficiency, and provide expert guidance on AML practices. If you are experienced in risk and compliance with a strong track record in managing financial crime risks, we invite you to apply and make a significant impact.

Qualifications

• Strong track record in KYC and financial crimes.
• Leadership experience in managing teams and relationships.
• Ability to advise and influence senior stakeholders.

Responsibilities

• Manage AML CDD strategic program for Corporates & Investment Banking.
• Ensure compliance with regulatory requirements.
• Support training and risk management best practices.

Skills

Risk Management

Compliance

Leadership

Analytical Thinking

Financial Crime Management

Education

Certification as an AML specialist (e.g., CAMS / Diploma in AML)

Job description

Executive recruitment firm Monroe Consulting Group's Professional Division is partnering with a leading financial institution known for its innovative drive. Our client is looking for a seasoned professional to step into the role of FVP, Regional Retail & Corporates AML Lead. This role requires the incumbent to manage and oversee KYC and CDD requirements in customer's onboarding and periodic reviews with a key focus on ensuring compliance on regulatory requirements, to address AML / CFT & Sanctions concerns. Customer segments include Wholesale Banking Corporate and Investment Banking segment customers in Singapore and other countries.

Responsibilities:

• Support the Head AFC Ops (COE) in taking ownership, accountability, and execution in overall AML CDD strategic program for the Corporates & Investment Banking segment
• Consistently review & work with key stakeholders to enhance work processes to achieve operations efficiency while ensuring consistent interpretation and implementation of
• Group Compliance AML/CFT policies and framework
• Revise and update local SOP and workflow processes for operational efficiency and effectiveness
• Provide timely management reporting and conduct AFC related trainings to the team
• Highlight of potential concerns / risks and proactively share best risk management practices.
• Responsible for checking and signing off complex and high risk customers due diligence profiles for all jurisdictions
• Work with Head AFC Ops (COE) and Group AFC Ops function to manage queries during External / Internal Audit, Group Compliance and Regulatory Audit for favorable review outcomes
• Oversight and management of the KYC teams performing CDD fulfillment to meet with
• Bank and Regulatory requirements pertaining towards customer's life cycle with the Bank.
• Focus on procedures and processes to enable the KYC teams to achieve monthly satisfactory score for Key Operational Risk Indicator (KORI) metrics
• Provide oversight to ensure alignment of bank's management responsibility and principles for effective risk and controls and connectivity across the teams and with Group AFC Ops
• Manage business efficiency of Overseas Branch Entities via centralization platform by ensuring relevant policies and standards are continuously reviewed and updated to reflect relevant changes and best practice

Requirements:

• A strong track record in risk and regulatory matters pertaining towards know your customer (KYC) and financial crimes risks and typologies in ensuring customer due diligence is executed appropriately, with a clear thought process, rather than a tick box exercise
• Experienced in analyzing and quantifying complex strategic issues tied to AML CDD / transactions / activities surveillance.
• To demonstrate relevant experience in the management of people and relationships via supervisory experiences and proven leadership ability. Including the skills to develop, coach and grow teams
• Able to advise senior stakeholders with great skill and a level of confidence, knowledge and stature to provide advice in the handling of customers' due diligence requirements
• Strong at influencing thinking and behaviors that are align with the Bank's commitment against financial crimes, with the highest level of integrity and the ability to balance commercial objectives with the exercise of independent and prudent judgement
• Certification as an AML specialist (e.g., CAMS / Diploma in AML) with a recognised institution will be an advantage