KYC Assistant Manager

Bank of China (Malaysia) Berhad; Kuala Lumpur; On-site; MYR 20,000 - 100,000; Full time

Job summary

A leading financial institution in Kuala Lumpur is seeking a KYC Specialist (Compliance) who will conduct Customer Due Diligence and ensure compliance with AML regulations. The ideal candidate should hold a degree in a relevant field and possess at least 5 years of banking experience. Proficiency in both English and Chinese is preferred. This full-time role comes with competitive remuneration and comprehensive benefits.

Benefits

Competitive remuneration package

Comprehensive fringe benefits including medical and life insurance

Learning and work exchange opportunities

Qualifications

• Minimum 5 years of working experience, preferably in banking.
• Certification in AML/CFT is an advantage.
• Fluent in both English and Chinese preferred.

Responsibilities

• Monitor AML compliance program implementation.
• Conduct Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) reviews.
• Verify customer identity and assess source of funds.
• Liaise with business units to resolve KYC deficiencies.

Skills

Interpersonal skills

Communication skills

Knowledge of AML/CFT regulations

Analytical skills

Education

Degree in Accounting, Finance, Business Administration, Economics or related disciplines

Job description

As the KYC Specialist (Compliance) at Bank of China (M) Berhad, you will play a key role in conducting Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), and ongoing monitoring to ensure the bank’s compliance with Anti-Money Laundering (AML), Counter Financing of Terrorism (CFT), and Know Your Customer (KYC) regulations, and to ensure adherence to Bank Negara Malaysia (BNM) requirements and internal compliance standards to mitigate financial crime risks. This full-time position is based in our Kuala Lumpur head office.

Responsibilities

• Monitor the implementation of overall AML compliance program as mandated;
• Oversee the identification and assessment of AML risk, in particularly CDD, within the Bank.
• Conduct CDD and EDD reviews for new and existing customers in accordance with regulatory requirements and internal policies.
• Verify customer identity, understand business relationships, and assess source of funds/wealth as part of onboarding and periodic reviews.
• Perform name screening against sanctions, PEP, and adverse news.
• Support the timely review and approval of high-risk customer onboarding and periodic review files.
• Liaise with front-line business units to resolve KYC documentation deficiencies and ensure completeness and accuracy.
• Monitor customer transactions to identify suspicious patterns and support the preparation of STRs (Suspicious Transaction Reports).
• Maintain proper documentation and audit trail for all AML/CFT-related activities.
• Assist in compliance testing, regulatory reporting, and internal audits related to AML/CFT controls.
• Contribute to policy and procedure updates to align with the BNM AML/CFT Policy Document and other relevant guidelines.
• Participate in AML-related training, awareness programs, and periodic compliance initiatives.
• Provide timely update to Head of AML on potential CDD issue and risk assessment to make an informed judgement;
• Provide advisory and guidance to business and operation units on the interpretation of AML regulatory requirements and implementation of internal policies and procedures for the management of CDD relevant to the respective business and operation units to ensure alignment to all regulatory requirements.

Requirements

• Degree holder or above with major in Accounting, Finance, Business Administration, Economics or related disciplines.
• Certification / Advanced Certification in AML/CFT will be an added advantage.
• Minimum 5 years of working experience (banking experience is preferred).
• In depth understanding of industry trends, products, relevant laws and regulations, or with either audit / risk / compliance working exposure is preferred.
• Good interpersonal and communication skill.
• Good command of both spoken and written English and Chinese will be preferred.

We offer competitive remuneration package and comprehensive fringe benefits including medical and life insurance, and different types of allowances to the right candidates. There will also be learning and work exchange opportunities with Bank of China Hong Kong. Let's connect if you are interested to find out more!