Manager, GWBPB - G&L - KYC Specialist MY

CIMB; Malaysia; On-site; MYR 100,000 - 150,000; Full time

Job summary

A leading financial institution in Malaysia seeks an experienced professional in AML/CFT compliance. The candidate will be responsible for managing the onboarding process for new clients, ensuring all AML/CFT controls align with standards, and conducting investigations into suspicious activities. Applicants should possess a degree in a relevant field and have at least 7 years of experience in a financial institution or audit firm. Strong analytical skills and the ability to work under pressure are essential for this role.

Qualifications

• Bachelor or Master's Degree or Professional Qualification in a relevant discipline.
• Minimum of 7 years experience in financial institutions or consulting audit firms in a compliance area.
• Preferred certification for AML/CFT issued by AICB or similar.

Responsibilities

• Assist Governance Team Lead in driving AML/CFT risk and control initiatives.
• Manage onboarding of new clients and review existing clients per AML/KYC policies.
• Prepare preliminary investigation reports on transactions and accounts.

Skills

Strong analytical skills

Attention to detail

Investigative mindset

Ability to work under pressure

Data analytics skills

Education

Bachelor or Master's Degree in Law/Finance/Business/Economics

Certification for AML/CFT from AICB or equivalent

Tools

PowerPoint

Excel

Job description

Key Responsibilities

• Assist Governance Team Lead to proactively drive risk and control initiatives to ensure sound process are in place to minimize ML/CFT risks and propose adequate controls in first line of defense for Private Banking Malaysia.
• Assist Governance Team Lead in ensuring that all AML/CFT controls and processes are aligned with Group wide and Private Banking Regional standards and are being managed appropriately in a proactive, risk based and disciplined manner to meet internal and external regulatory requirements.
• Responsible in managing On-boarding of new clients and on-going review of existing clients in accordance with the AML/KYC policy and due diligence requirements including source of wealth corroboration and reviewing complex entities or structures, PEPs, adverse news and sanctions.
• Responsible in providing the Modus Operandi for preparation of preliminary investigation reports on transactions and/or accounts inclusive of STRs and actively supports Group AMLA regulatory requests.
• Ensure that there are appropriate avenues for any suspicious client activity or specific transactions to be swiftly escalated to appropriate parties for investigation and resolution including making appropriate STR reports.
• Address concerns and issues of internal stakeholders on AML related matters. Besides, conduct joint process walk-throughs, small workshops and integrated training on new or key risk AML controls in Private Banking Malaysia nationwide.
• Continuously assess adequacy of existing surveillance / monitoring model for AML and to propose or provide feedback of new model with relevant parameters / thresholds to be in line with regulating requirements and perform user acceptance testing of new models where applicable.
• Proactively value add by identifying new and emerging risks and typologies related to Private Banking clients and to gather and document future AML risk & compliance gaps, define scope of engagement and align with key stakeholders on best delivery approach.

Key Requirements

• Bachelor or Master's Degree or Professional Qualification in the relevant discipline (Law/Finance/Business/Economics or equivalent professional qualification).
• Minimum Certification for AML/CFT issued by AICB is preferred or similar Compliance certification issuedby an acknowledged institution and/or regulatory bodies.
• Minimum 7 years of relevant working experiencewith financial institutions and/or consulting audit firms in Risk/Legal/Audit/Compliance area.
• Possess strong analytical skills, pay careful attention to details and have an investigative mindset.
• Has the capacity to be organized and manage several tasks at one point of time.
• Has the ability to digest large, complex volumes of information and transform the data into PowerPoint and Excel.
• Able to work under pressure.
• Able to embrace new technology or have data analytics experience or skills.