Senior Manager Governance / Systems / Reporting / Compliance Review & Fraud

Bank of China (M) Berhad; Kuala Lumpur; On-site; MYR 120,000 - 160,000; Full time

Job summary

Bank of China (M) Berhad is seeking a Senior Manager Governance / Systems / Reporting / Compliance Review & Fraud to strengthen the bank's AML, ABC and Fraud Risk Management framework. The role involves designing risk-based compliance reviews, testing frameworks, and remediation across the organisation to ensure effective risk controls and regulatory adherence.

The incumbent will lead independent reviews of the AML framework, coordinate with Head of AML and Chief Compliance Officer, and serve as

Qualifications

• Strong knowledge of banking regulatory environment.
• Experience in AML/ABC and fraud risk management.
• Ability to assess controls and drive remediation.
• Great teamwork and communication skills.

Responsibilities

• Develop an annual AML compliance review work plan aligned to strategic objectives.
• Conduct regular AML/CFT, regulatory compliance, fraud management reviews and testing.
• Identify control weaknesses and track remediation actions.
• Prepare review reports with findings and root cause analyses.
• Monitor remediation status and escalate unresolved issues to Head of Compliance Testing.

Skills

AML & ABC

Fraud Risk Management

Regulatory compliance

Stakeholder management

Audit/Risk/compliance

Job description

Senior Manager Governance / Systems / Reporting / Compliance Review & Fraud

Primarily responsible for providing robust assurance that the Bank’s Anti-Money Laundering (AML), Anti-Bribery & Corruption (ABC), Fraud Risk Management compliance programs and ensuring the risk management throughout the organization are effective.

Design and execute a risk-based compliance review for AML, ABC, Fraud Risk Management and testing framework, identify control gaps, assess the adequacy and effectiveness of the compliance programme, and drive remediation across the organisation.

Conduct independent and objective reviews of the Bank’s AML compliance framework, policies, procedures, and controls to assess their effectiveness, identify gaps, and recommend enhancements;

Assist immediate supervisor, Head of AML and Chief Compliance Officer in the coordination with other departments and external stakeholder(s) on the development/ remediation of various compliance programs, policies, services and initiatives; and

Serve as the organization representative and advocate for excellence in compliance functions.

Key Responsibilities

Compliance Testing & Assurance

Assist immediate supervisor to develop an annual AML compliance review work plan that complements the Bank’s strategic objectives; and

Perform regular compliance/ thematic reviews, testing and assessments across AML/CFT, regulatory compliance, fraud management, and ABC areas. Evaluate design and operating effectiveness of controls to ensure adherence to regulatory standards and internal policy requirements.

Identify control weaknesses, process gaps, and instances of non-compliance; recommend and track remediation action plans.

Prepare review reports with clear findings, root cause analyses, and practical recommendations for management action.

Monitor the implementation status of corrective actions and elevate unresolved issues to the Head of Compliance Testing.

Participate and manage discussion with business units to implement relevant controls to comply with local law and regulatory requirements.

To conduct investigation into any fraudulent acts / allegation of wrongdoing or misconduct involving staffs, when needed.

Ensure testing procedures are effective and align with regulatory and supervisory expectations.

Document findings with clear root cause analysis.

Monitoring, Reporting & Remediation

Track and validate the timely and effective remediation of compliance issues and regulatory findings.

Assess the adequacy of internal controls to manage compliance risk and promptly follow up on any identified deficiencies and plans to address such deficiencies;

Prepare periodic compliance review / testing reports for the Board and Senior Management level committee.

Ensure timely escalation of significant compliance risk incident to Chief Compliance Officer, where applicable to ensure immediate remediation action is initiated to mitigate the risk;

Provide timely update to Head of AML and Chief Compliance Officer on potential compliance issue and risk assessment to make an informed judgement;

Stakeholder Management

Act as a trusted compliance advisor to business and functional units on regulatory interpretation and control requirements;

Assist Head of AML in the coordination and management of review or inspection by internal and external stakeholder.

Lead, participate in the discussion with business and support units on advisory matter related to AML risk, ABC and Fraud Risk Management and to implement relevant controls to reduce residual AML, ABC and Fraud Risk to ensure that the risk exposure of the Bank is being identified and managed within the Bank’s risk appetite.

Provide advisory and guidance to business and operation units on the interpretation of AML laws and regulatory requirements, ABC and Fraud Risk Management and implementation of internal policies and procedures for the management of AML risks, ABC and Fraud Risk Management relevant to the respective business and operation units to ensure alignment to all laws and regulatory requirements; and

Keeping immediate supervisor / Head of AML / Chief Compliance Officer informed on regulatory developments, its implication to the bank’s risk profile;

Training and Awareness

Participate with immediate supervisor to reinforce AML, ABC and Fraud Risk Management culture in the Bank by inculcating compliance is everyone’s responsibilities;

Ensure adequate level of awareness across all departments in relation to AML, ABC and Fraud Risk Management;

Provide guidance on AML, ABC and Fraud Risk Management areas to business and support units.

Any other duties and responsibilities as assigned by Chief Compliance Officer and Head of AML from time to time.

Job Requirements

At least 7 years relevant experience for Manager and Assistant Manager respectively with strong knowledge of banking regulatory environment and regulations

In depth understanding of industry trends, products, relevant laws and regulations

Familiar with banking operations / procedures and systems to be able to assess and evaluate its’ adequacy in the managing and mitigating AML risks

Similar AML experience will be an added advantage or at least with audit / risk / compliance experience

Great team work and ability to attain high productivity

Good communication and interpersonal skill with the ability to influence others and build good rapport with business and operational units

Ability to work effectively with internal and external stakeholders

Knowledge of AML regulatory requirements

Established in 1912, Bank of China is the oldest bank in China. It has been ranked one of the world's top banks in terms of core capital by The Banker. Bank of China has been included in the Fortune Global 500 for 13 consecutive years. Bank of China is the first and the only Chinese bank that has presence in all major continents. At the present the bank offers financial services through its global network of over 560 overseas offices in 25 countries and regions. We are inviting qualified candidates to join us as: