Manager, AML/CFT Compliance

AEON Credit Service (M) Bhd; Kuala Lumpur; On-site; MYR 180,000 - 260,000; Full time

Job summary

AEON Credit Service (M) Berhad is seeking a Lead Regulatory Compliance professional to oversee end-to-end AML/CFT initiatives and collaborate with the RC team to develop standards for the organization.

You will manage AML transaction monitoring, STR investigations, and regulatory reporting, while guiding KYC/CDD processes and liaising with Bank Negara Malaysia to ensure full compliance.

Qualifications

• Oversee AML/CFT compliance and governance across the group.
• Lead regulatory compliance risk assessments and reviews.
• Direct AMLTM, STR investigations and KYC/CDD processes.

Responsibilities

• Lead end-to-end compliance initiatives and projects.
• Perform ML/TF risk assessments and monitor controls.
• Review policies/procedures for regulatory alignment.
• Conduct compliance monitoring and reporting to the Board/BRC.
• Liaise with Bank Negara Malaysia on AML/CFT matters.
• Provide regulatory advisory across business units.

Skills

Regulatory compliance

AML/KYC

Risk assessment

Stakeholder collaboration

Leadership

Regulatory reporting

Fraud investigations

Tools

AML software

Transaction monitoring systems

Job description

Lead regulatory compliance risk and reviews of the organization and is expected to work in collaboration with the Regulatory Compliance (RC) team to participate in development of compliance standards and practice across the organization/business units.

Responsible to manage and lead the end to end process of all compliance initiatives and projects, with its primary functions relating to AML activities and provide direction to the Anti-Money Laundering (AML) team towards its implementation.

Responsible for managing and implementation of the organization overall regulatory compliance governance and framework, including AML/CFT and Sanction compliance program.

Conducts compliance risk assessment of the organization, including reports on ML/TF inherent risks and AML/CFT mitigating controls, on-going compliance status and on any findings of infringements and its recommended actions. This includes institutional ML/TF (IRA), products and business risk assessment and review of all business units’ policies, procedures and process to ensure compliance towards the regulatory requirement.

Ensure effective implementation of AML/CFT policy and procedures requirements by all business units across the organization, including robust CDD/ECDD process and periodic review process, proper risk profiling of customers/KYC with appropriate ML/TF risk, screening requirements, enhancement of AML/CFT controls and monitoring. This includes analyze and conduct of internal due diligence compliance reviews/KYC on higher AML risk cases escalated by business units to Compliance.

Review the compliance and regulatory risk by conducting thematic/periodic compliance monitoring reviews, produce review reports findings of corrective measures up to closure of actions, in compliance with AML/CFT laws regulations and policies.

Responsible for AML/CFT transaction monitoring (TM) activities, reviews of TM alerts and conducts STR related investigations and investigation of potentially suspicious transactions and/or high risk customers, including fraud investigations and law enforcement agencies related investigations. The role includes establish relevant internal criteria and red flags to detect suspicious transactions, maintenance of negative listing, ensuring effective day to day AML operations handling and maintenance of AML systems and monitoring tools.

Acts as Money Laundering Reporting Officer to submit Suspicious Transaction Report (STR) to Bank Negara Malaysia (BNM). Advises the management on confirmed unusual and/suspicious transactions with escalation of AML concerns. Liaise with BNM, relevant regulatory and agency to ensure compliance with laws and regulations and handling of audit reviews (internal & external) engagements.

Review, update and implement the Group compliance policies, manuals, procedures, systems and control mechanisms in complying with applicable laws and regulations, including AML/CFT regulations, and best practice.

Ensures proper records keeping and periodic reporting to the Board and Risk Management Committee (BRC) of non-compliance incidents/issues, including AML/CFT reporting, through submission of Compliance Reports to BRC.

Provides regulatory advisory to all compliance related enquiries from business units, including AML/CFT and Sanction matters. Supervise Designated Compliance Officer at the various departments on AML/CFT and Sanction matters.

Conducts regulatory compliance training, including AML/CFT awareness training and program.

AEON Credit Service (M) Berhad is a leading consumer financing provider with business operations in Japan, Malaysia, Hong Kong, Thailand, Taiwan and China. We established a strong presence in Malaysia since 1996 with a wide range of consumer financial services. Our portfolio currently includes credit card, personal financing and easy payment scheme which help enrich the livelihood of many Malaysians.

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