Senior Executive, Risk and Compliance, E-money

BANDAR UTAMA CITY CENTRE SDN BHD; Petaling Jaya; On-site; MYR 120,000 - 180,000; Full time

Benefits offered by this job

Medical & GHS

Car Park Special discount for PJPAC

Staff CSR Outreach Program

Staff CSR Outreach Program

Job summary

BANDAR UTAMA CITY CENTRE SDN BHD, operator of 1PAY, is seeking a Senior Executive, Risk and Compliance for its e-money business in Malaysia. You will develop policy, interpret BNM guidelines, and supervise AML/CFT compliance across digital wallets and merchant partnerships.

You will lead regulatory reporting, risk assessments, and stakeholder engagements with Bank Negara Malaysia, driving governance and training initiatives within the team.

Qualifications

• Bachelor’s degree in Law (LLB) required or equivalent.
• 3–5 years of compliance/risk or regulatory affairs experience in financial services.
• Direct experience liaising with Bank Negara Malaysia (BNM) preferred.
• Familiarity with AML/CFT/TFS guidelines, KYC/eKYC requirements, and regulatory reporting.
• Legal background with ability to interpret statutory regulations and contracts is advantageous.

Responsibilities

• Policy development, regulatory interpretation, and governance framework updates.
• Screening, sanctions checks, and EDD on high-risk customers and partners.
• Regulatory reporting, self-assessments, and engagement with BNM and stakeholders.
• Advisory to internal teams, training programs, and promoting compliance culture.

Skills

Regulatory interpretation

Risk assessment

Stakeholder management

KYC/eKYC knowledge

Regulatory reporting

Legal operations

Education

Bachelor’s degree in Law (LLB)

Job description

Senior Executive, Risk and Compliance, E-money

We are an e-money issuer licensed by Bank Negara Malaysia (BNM). We own and operate 1PAY, which is the official e-wallet of 1 Utama Shopping Centre, providing shoppers with payment and car parking convenience with no transaction charges while rewarding them with ONECARD UPoints.

We are looking for an ambitious, analytical mid-senior professional to join our Risk and Compliance team. This role is ideal for a candidate with a background in banking, e-money, or financial services who possesses a legal qualification or legal operations experience and seeks strategic ownership of regulatory frameworks.

Key Responsibilities

1. Policy Development & Regulatory Interpretation

Draft, review, and update internal compliance policies, standard operating procedures, and governance frameworks.

Interpret Bank Negara Malaysia (BNM) policy documents, guidelines, and regulatory requirements (particularly e-money, AML/CFT, and ICTF frameworks) to ensure company-wide alignment.

Provide early-stage compliance and legal risk assessments on new e-wallet features, merchant offerings, and commercial partnerships prior to product launch.

Review and verify manual and electronic Know Your Customer (eKYC) submissions.

Perform Enhanced Due Diligence (EDD) on high-risk retail customers, corporate accounts, and key merchant partners.

3. Screening & Sanctions Approval

Conduct risk screening of new and existing customers and merchants against sanctions lists, Politically Exposed Persons (PEPs) lists, and adverse media databases.

Evaluate, approve, or expand screening findings based on established institutional risk levels.

Assist in developing, implementing, and fine-tuning automated alerts for transaction monitoring.

Investigate flagged suspected fraudulent or suspicious transactions, compile detailed reports, and coordinate with internal teams to mitigate fraud risks.

Maintain and update risk matrices for customer risk profiling and institutional risk assessment.

Perform periodic risk assessments to evaluate internal controls, identify operational gaps, and implement risk mitigation strategies.

6. Regulatory Reporting & Stakeholder Management

Drive strategic compliance frameworks and represent the function in executive board presentations and direct BNM engagement.

Draft formal regulatory correspondence, compliance self-assessments, and official responses to central bank queries.

7. Compliance Culture & Advisory

Assist in ensuring operational compliance, including developing training programs across the organization.

Advisory to internal operational teams on regulatory and compliance matters.

Requirements

Education: Bachelor’s degree in Law (LLB), Risk and Compliance, Banking, Finance, Business, Accounting, or a related field.

Experience: 3 to 5 years of relevant experience in compliance, regulatory affairs, risk management, or operational audit within banking, e-money issuers, fintech, or BNM-regulated financial institutions.

BNM Liaison Experience: Direct experience liaising, interacting, or managing relations with Bank Negara Malaysia (BNM), including handling regulatory inquiries, submissions, or audits.

Operational Audit Exposure: Practical familiarity with operational audit methodologies, internal control evaluations, and risk mitigation tracking.

Regulatory Knowledge: Strong working knowledge of BNM regulations, AML/CFT/TFS guidelines, KYC/eKYC requirements, and regulatory reporting procedures.

Advantage: A legal background (LLB degree or legal exposure) with experience interpreting statutory regulations, BNM policy documents, and contracts is highly advantageous.

Soft Skills: Good written communication, structured analytical thinking, sound commercial judgment, detailed and confidence in engaging executive stakeholders.

Perks and benefits

• Medical & GHS
• Car Park Special discount for purchasing PJPAC tickets
• Staff CSR Outreach Program
• Staff CSR Outreach Program

“Malaysia’s Largest Shopping Centre”, proudly ranked amongst the Top 10 World’s Largest Malls – 1 Utama proudly subscribes to a very successful formula that elevates the ideals of shopping, entertainment and dining to new heights. Under its tagline “It’s all in one”, 1 Utama is indisputably a premier lifestyle mecca with something for everyone.

Located in MSC Malaysia Cybercentre township Bandar Utama, Malaysia, the multiple award-winning regional mall has more than 700 shops spread over 5.59 million sq. ft. and 7 extensive retail levels.

“Malaysia’s Largest Shopping Centre”, proudly ranked amongst the Top 10 World’s Largest Malls – 1 Utama proudly subscribes to a very successful formula that elevates the ideals of shopping, entertainment and dining to new heights. Under its tagline “It’s all in one”, 1 Utama is indisputably a premier lifestyle mecca with something for everyone.

Located in MSC Malaysia Cybercentre township Bandar Utama, Malaysia, the multiple award-winning regional mall has more than 700 shops spread over 5.59 million sq. ft. and 7 extensive retail levels.