Section Head, AML/CFT Policy & Advisory

Bank Pertanian Malaysia Berhad (Agrobank); Kuala Lumpur; On-site; MYR 100,000 - 150,000; Full time

Job summary

A Malaysian banking institution is seeking a Compliance Officer to assist in monitoring anti-money laundering and terrorism financing activities. Responsibilities include providing advisory to staff, conducting training, and ensuring compliance with regulations. Candidates should have a degree in Banking/Finance and at least 7 years of banking experience, including 5 years in compliance, along with strong analytical and communication skills.

Qualifications

• Minimum 7 years of experience in banking operations and 5 years in compliance.
• Relevant professional certification in AML/CFT is advantageous.
• Strong IT technical knowledge and skills.

Responsibilities

• Assist in monitoring activities related to AML compliance.
• Conduct training for staff on AML/CFT awareness.
• Review reports for monthly compliance to management.

Skills

Communication skills

Analytical skills

Knowledge of banking laws

People oriented

Writing skills in English and Bahasa Malaysia

Education

Degree in Banking/Finance/Accounting

Tools

Microsoft Office (Word, Excel, PowerPoint)

Job description

Overview

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Responsible to assist the Department Head, AML/CFT in monitoring the Bank's activities related to the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds Of Unlawful Activities (AMLATFPUA) 2001 to ensure that these activities comply with the laws, regulations, rules, standards and codes of conduct. Responsible in preparing or reviewing report on the AMLATFPUA to the Senior Managements. To ensure all the On-Going Due Diligence on the AMLATFPUA is conducted as stipulated in the AMLATFPUA Policy and guidelines. To provide advisory to all the staff on the compliance to AMLATFPUA. To instill awareness among bank’s staff of the importance on compliance and consequences of non-compliance of the AMLATFPUA. To provide continuous knowledge through briefing, coaching, and training to detract from non-compliance issues of the AMLATFPUA. To recommend for revision or improvement of existing procedures and guidelines (if any) in related to the AMLATFPUA.

Principal Accountabilities

• Effective compliance on the AMLATFPUA through engagement or conducting of the awareness programs or trainings.
• Be involved in any Corporate Social Responsibility (CSR) events organised by Agrobank to promote the Brand and be an ambassador of the Bank.
• AML/CFT official liaison to official/agencies and the Bank’s employees.
• To review AMLATFPUA Policy and Operation Manual minimally on annual basis to ensure the AML/CFT and TFS requirements are being complied by the Bank.
• To ensure timely communication to the business units/support units for their adoption and awareness on the changes.
• To review and ensure accuracy of the report prepared by the team for Monthly Compliance Report to Management and Board.
• To ensure all queries received from business units/support units are attended to timely by the team.
• To provide continuous coaching and sufficient guidance to the staff for their self-improvement.
• To ensure all tasks assigned to the staff are of high quality with clear description on requirements for business units/support units adherence.
• To recommend measures to discourage the Bank from being used as a conduit for money-laundering, financing of terrorism, fraud, and other illegal activities.
• To ensure completeness of the information and documentation for any task given and of satisfactory level.
• To ensure tracking template for the related tasks are updated on timely manner.
• To ensure all filing of documents like STRs are complete, intact and on timely manner for audit trail.
• Provide advisory to the business units and support units on matters related to AML/CFT as and when required.
• To consult the Head, AFCD prior to any deliberation made on any issue related to the AML/CFT or LEAs, if applicable.
• To review the data related to AML/CFT dashboard in Monthly Compliance Report for Management and Board Monthly update.
• To prepare/review the relevant reports for BNM Reporting requirements, where applicable.
• To plan and propose to Head, AFCD on system enhancement/automation for efficiency and increased productivity of the team.
• To prepare draft proposal and URS on new system / enhancement prior to seek Head, AFCD concurrence on the initiative.
• To train the Senior Executive within the team for succession planning
• To plan/recommend staff for relevant training to enhance their skills and knowledge in AML/CFT.
• Provide necessary guidance and supervise staff on their respective responsibilities.
• To conduct AML/CFT training for new hires or AML/CFT refresher training for existing staff (e.g., Credit Officers, HOPERs, etc).
• To come up with relevant AML/CFT for the staff for their awareness and to enhance their AML/CFT knowledge.
• To review the training deck from time to time to ensure the contents are relevant and up to date.
• To establish networking with FIED, BNM or Compliance Networking Group (CONG) to identify new modus operandi and latest development in AML/CFT landscape.

Qualifications & Requirements

• Education: Degree in Banking/Finance/Accounting or any related discipline.
• Experience: Minimum 7 years of experience in banking operations and 5 years in compliance.
• Obtaining a relevant professional certificate in AML/CFT will be an advantage.
• Good experience in banking laws or banking sector.
• Good drafting and writing in English and Bahasa Malaysia.
• Strong IT technical knowledge and IT skills (Microsoft office word, excel, power point, etc).
• A mature personality, meticulous, analytical, independent with minimal supervision and with a good working attitude.
• Ability to communicate with all levels (internal and external).
• Able to work well under minimum supervision.
• Able to travel.
• Able to meet datelines and set objectives in an effective manner.
• People oriented, committed and teamwork thorough spirit of cooperation.
• High integrity, honest and trustworthy.
• Open minded, optimistic, disciplined, and responsible.