Senior Executive / Assistant Manager, Compliance (System Enhancement)

Guidelines on Tranglo’s look and feel; Kuala Lumpur; On-site; MYR 70,000 - 90,000; Full time

Job summary

A compliance firm is seeking a Senior Executive / Assistant Manager for their AML/CFT System Enhancement Team in Kuala Lumpur. This role involves improving systems to prevent and detect money laundering and terrorist financing activities. Candidates need at least 4 years of AML/CFT compliance experience, proficiency in Excel and SQL, and be familiar with regulatory requirements. The ideal candidate possesses strong problem-solving, leadership skills, and the ability to work in a fast-paced environment. Malaysian citizenship is required.

Qualifications

• At least 4 years working experience in AML/CFT compliance.
• Experience in AML/CFT system enhancements preferred.
• Able to create and plan User Acceptance Test (UAT) and scripts.

Responsibilities

• Review existing AML/CFT systems for improvements.
• Ensure systems comply with relevant laws and regulations.
• Oversee data analysis to identify suspicious activities.
• Collaborate with IT to integrate new technologies.
• Conduct risk assessments and evaluate system effectiveness.

Skills

Excel

SQL

Data analytics

Problem-solving

Leadership

Education

ICA/ACAMS certification

Job description

Senior Executive / Assistant Manager, Compliance (System Enhancement)

Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) System Enhancement Team under the Compliance department typically involves a range of responsibilities focused on improving and maintaining systems designed to prevent and detect potential ML/TF activities. Create and plan UAT and scripts, understand what the regulatory requirements is and translate it into AML system requirements.

Role and responsibilities

• Review existing AML/CFT systems, identify weaknesses or inefficiencies, and propose enhancements to improve effectiveness and efficiency in detecting suspicious activities.
• Ensure that AML/CFT systems comply with relevant laws, regulations, and industry standards.
• Stay up to date on changes in regulations and implement necessary adjustments to the systems.
• Oversee the collection, organization, and analysis of large volumes of transaction data to identify patterns or anomalies indicative of ML/TF activities.
• Collaborate with IT teams to integrate new technologies or software tools into AML/CFT systems to enhance their capabilities in detecting and preventing ML/TF activities.
• Conduct risk assessments to evaluate the effectiveness of AML/CFT systems and identify areas of potential vulnerability or exposure to ML/TF risks.
• Provide training to staff members on AML/CFT policies, procedures, and the effective use of system tools.
• Work closely with other departments such as Business Analyst, Product, Technology and Infrastructure Team to coordinate efforts in enhancing the system.
• Proactively seek opportunities for continuous improvement in AML/CFT processes and systems, incorporate feedback from stakeholders and industry best practices.
• Stay informed about emerging trends, technologies, and methodologies in the field of AML/CFT to anticipate future challenges and opportunities for enhancement.

Qualifications and requirements

• At least 4 years working experience in the AML/CFT compliance, preferably have experience in AML/CFT system enhancements.
• Proficiency in Excel, SQL and any other data analytics tools.
• Possess understanding of AML/CFT regulations and trends. Holding an ICA/ACAMS or any other relevant certification/accreditation is preferred.
• Able to create and plan User Acceptance Test (UAT) and scripts.
• Able to understand what the regulatory requirements are and translate it into AML system requirements.
• Possess strong problem-solving skills to address compliance issues, develop solutions, and implement corrective actions as needed.
• Quick learner, proactive and detail oriented.
• Able to multitask and work well under stress in a fast-paced environment.
• Demonstrate leadership, teamwork skills and ability to work with minimum supervision.
• Flexible and able to commit to work at our office located in Bangsar South, Kuala Lumpur.
• Malaysian citizenship.