Head of Compliance - Currency Exchange

Infinity Exchange Sdn Bhd; Selangor; On-site; MYR 180,000 - 300,000; Full time

Job summary

Infinity Exchange Sdn Bhd seeks an experienced Head of Compliance to lead the company's regulatory compliance framework for currency exchange operations in Malaysia. You will ensure full compliance with laws, AML/CFT obligations, and internal policies across all branches.

Responsibilities include implementing AML/CFT controls, CDD/EDD procedures, regulatory reporting, and ongoing risk assessments. Strong leadership and advisory skills are essential for success.

Qualifications

• Experience in compliance, AML/CFT, risk management, or financial crime in a currency exchange or MSB.
• Strong knowledge of Money Services Business Act 2011, AML/CFT requirements, and BNM guidelines.
• Experience handling regulatory audits, compliance reviews, and regulatory reporting is highly preferred.
• Strong analytical and investigative skills with attention to detail.
• Leadership, communication, documentation, and problem-solving abilities.
• Ability to work independently and exercise sound judgement.
• High level of integrity, professionalism, confidentiality, and accountability.

Responsibilities

• Ensure compliance with Money Services Business Act 2011, AML/CFT requirements, and BNM directives.
• Oversee the compliance framework for currency exchange operations.
• Implement AML/CFT controls, sanctions screening, customer verification, transaction monitoring, and regulatory reporting.
• Review and escalate suspicious transactions; ensure STRs and reports are timely.
• Monitor regulatory developments and implement new requirements.
• Assess money laundering, terrorist financing, sanctions, fraud, and operational risks.
• Identify weaknesses and advise on controls and remediation.
• Oversee Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) procedures.
• Develop and maintain compliance policies, SOPs, and controls.
• Develop and conduct AML/CFT training for employees.

Job description

Jora Malaysia will close on 16th September 2026. Thank you for being with us, we are cheering you on as you continue your career journey.

We are seeking an experienced and highly responsible Head of Compliance to lead and oversee the company's regulatory compliance framework for its currency exchange operations. The successful candidate will be responsible for ensuring full compliance with applicable laws, Bank Negara Malaysia (BNM) requirements, AML/CFT obligations, and internal policies across all branches.

Key responsibilities

Ensure the company complies with the Money Services Business Act 2011, AML/CFT requirements, and all relevant policies, standards, guidelines, and directives issued by Bank Negara Malaysia (BNM)

Oversee the compliance framework for the company's currency exchange operations

Ensure effective implementation of AML/CFT controls, sanctions screening, customer verification, transaction monitoring, and regulatory reporting

Review and escalate suspicious transactions and ensure Suspicious Transaction Reports (STRs) and other required regulatory reports are submitted accurately and within the required timeframe

Monitor regulatory developments and ensure the company promptly implements new or revised regulatory requirements

Conduct and maintain assessments of money laundering, terrorist financing, proliferation financing, sanctions, fraud, and operational compliance risks

Identify compliance weaknesses and recommend appropriate controls and corrective measures

Oversee the implementation of Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) procedures

Develop, review, and maintain compliance policies, SOPs, internal controls, and compliance frameworks

Develop and conduct regular AML/CFT and regulatory compliance training for employees

About you

Relevant experience in compliance, AML/CFT, risk management, regulatory affairs, or financial crime compliance, preferably within a currency exchange business, Money Services Business (MSB), bank, or financial institution

Strong knowledge of the Money Services Business Act 2011, AML/CFT requirements, BNM policies and guidelines, sanctions compliance, CDD and EDD requirements

Experience handling regulatory audits, compliance reviews, and regulatory reporting is highly preferred

Strong analytical and investigative skills with excellent attention to detail

Strong leadership, communication, documentation, and problem-solving abilities

Ability to work independently and exercise sound judgement

High level of integrity, professionalism, confidentiality, and accountability