Senior Compliance Manager

Boardroom; Petaling Jaya; On-site; MYR 60,000 - 80,000; Full time

Job summary

A leading compliance firm in Malaysia is seeking a Compliance Officer responsible for ensuring adherence to AML/CFT and KYC regulations. The role includes developing compliance policies, conducting risk assessments, and providing training to staff. Applicants should be adept at maintaining relationships with regulators and auditors while keeping the company updated on regulatory changes. This is a pivotal position ensuring the company's operational integrity and compliance with all relevant laws.

Responsibilities

• Ensure company compliance with AML/CFT and KYC regulations.
• Develop and communicate compliance policies to all employees.
• Identify and advise on regulatory changes affecting the company.
• Maintain relationships with regulators and auditors.
• Conduct risk assessments and internal compliance reviews.
• Report compliance risks to management and the Board.
• Provide training on compliance policies and programmes.

Job description

Responsibilities

• Ensure the Company’s policies and processes are kept up to date with relevant laws, regulations and guidelines in relation to AML/CFT, Know Your Customer (KYC) and ABAC, including overseeing and implementing appropriate compliance programmes.
• Develop or enhance compliance policies, manuals, procedures, systems and control mechanisms in line with regulations and best practices, ensure that the policies are communicated with all employees in the Company.
• Ensure proactive and timely identification, assessment, advice and dissemination of evolving regulatory change/practices throughout the Company across the region (with a focus on Malaysia).
• Maintain appropriate relationships with relevant regulators, authorities and independent auditors and liaise with them on audits, reporting and implementation of corrective measures.
• Oversee the completion and submission of Data & Compliance Reports to BNM.
• Conduct regular Institutional Money Laundering/Terrorism Financing Risk Assessments and Corruption Risk Assessments.
• Conduct internal compliance reviews on the AML/CFT and ABAC compliance programmes to identify gaps against regulations and internal policies and recommend or implement corrective measures.
• Establish, enforce and maintain effective processes (including training and development of appropriate supporting tools) to ensure that compliance policies, procedures and standards are effectively implemented across the Company.
• Perform management reporting to the Board, Senior Management and Group Director, Legal & Compliance on compliance risks and issues.
• Provides regulatory advisory on compliance-related matters to business units or member offices.
• Undertake investigations on suspicious transactions/activities escalated to Compliance and submit STRs to BNM where necessary. Provide guidance to stakeholders concerned in regard to any follow-up actions and monitor the closure of such actions.
• Review and provide comments on ABAC-related matters in relation to client policies, agreements, contracts, questionnaires etc.
• Prepare training materials and provide trainings to the Board, Senior Management, new and existing employees on the Company’s policies and compliance programmes.

Beneficial Ownership Reporting

• Provide advisory to business units in relation to the Companies Commission of Malaysia’s (CCM) Guideline for The Reporting Framework for Beneficial Ownership of Legal Persons.
• Provide guidance to the business units on BNM and the CCM’s respective Beneficial Ownership requirements.
• Assist business units with matters relating to the disclosure of the Company’s shareholding/Beneficial Ownership information to regulators/external parties.
• Support Group Risk on all Risk Management matters including manage Incident Reporting and Risk Register on the firm’s Risk Management platform.
• Support Group Risk on Group Insurance, Personal Protection and Business Continuity Management.

People Management Activity

• Liaise with Regulators
• Liaise with Internal and External Auditors
• Liaise with Management
• Liaise with Business Units
• Report to Group Director, Legal & Compliance