Transaction Banking Compliance Manager

Bank of China (M) Berhad; Kuala Lumpur; On-site; MYR 180,000 - 240,000; Full time

Job summary

Bank of China (M) Berhad in Kuala Lumpur is seeking a Transaction Banking Compliance Manager. This full-time role based in our KL office will ensure Trade and Cash Management comply with internal and external rules, and support risk management initiatives.

You will assist the Head in communicating and implementing risk controls, coordinating with business units, and advancing compliance programs including AML/CTF/KYC across the bank.

Qualifications

• Bachelor's degree in Finance, Banking, Law, Business Administration or a related field.

Responsibilities

• Provide compliance guidance to departments and coordinate on regulatory and operational risk matters.

Skills

Regulatory knowledge

AML/KYC/CTF

Risk management

Stakeholder engagement

Communication skills

Education

Bachelor's degree in Finance/ Banking/ Law/ Business Administration

Tools

Compliance monitoring systems

Data analysis tools

Job description

About the role

We are seeking a Transaction Banking Compliance Manager to join Bank of China (M) Berhad in Kuala Lumpur. This is a full-time position based in our Kuala Lumpur office. As Transaction Banking Compliance Manager, you will play a crucial role in ensuring both Trade and Cash Management comply with internal and external rules and regulations. Assist the Head in communication and implementation of risk management activities. Connect the business team with compliance and risk management and provide awareness and updates pertaining to existing, new and changes of guidelines, procedures and regulations. Undertake projects related to compliance and risk management matters and ensure the successful implementation of the projects.

Key responsibilities

Serve as the department/ branch primary point of contact to provide advice or guidance to the respective department/ branch and coordinate on compliance and operational risk-related matters including regulatory compliance, AML/CFT/CPF, sanction compliance, fraud and Anti-Bribery & Corruption Risk Management, business continuity management, new product development and complaint handling management.

Be the lead in executing operational risk management activities of the respective business/function i.e. assisting the Head of business/ function to implement the specific operational risk management requirements according to the policies and procedures of the bank/ Group which includes but not limited to implementation of risk point identification, operational risk self-assessment, key risk indicator (\"KRI\") application, operational risk incident reporting and business continuity requirement.

Review/ supervise the operational risk exposure and control implementation in business/function (if required).

Assist HOD in communicating and implementing operational risk management policies and procedures.

Extend full cooperation in attending to request on provision of information/ documents/ records, freezing of accounts etc. based on order received from Law Enforcement Agency or regulatory authority.

Propose/ develop specific KRI (and its threshold) with Head of business/ function - if warrant (in consultation with Legal, Compliance & Operational Risk - LCO).

Examine and inspect to ensure that the information provided in the operational risk management tools by the business/ function such as KRI, operational risk self-assessment and operational risk incident is complete, true and fair status of the business/ function.

Monitor timely closure of action point/ rectification by the relevant stakeholder of the business/function before the agreed due date for issues/ observations highlighted by internal/ externalaudit or LCO. Assist the business/ function to seek relevant extension in timeline in closing the agreed action points (where required).

Assist HOD in ensuring effective implementation and communication of regulatory and internal compliance requirements, including annual review of the department's policies and procedures.

Collaborate with CD to implement compliance risk assessment tools for identifying compliance and reputation risks of the department/ branch; coordinate periodic and ad hoc attestations required by parent bank, internal policies and regulators.

Timely escalation, investigation and management of potential or actual compliance, legal, reputation risk incidents.

Assist in following up on the department/ branch's remedial actions from compliance/ legal/reputation risk incidents, audits, reviews and customer complaints, and validate completion of actions.

Assist the head of business/ function in promoting operational risk management culture in the business/ function and develop appropriate operational risk management training program suitable for the business/ unit, so as to enhance the operational risk management awareness and knowledge of employees at all level.

What we're looking for

Bachelor's degree in Finance, Banking, Law, Business Administration or a related field

Minimum of 5-7 years' experience in banking compliance, with specific focus on transaction banking or trade finance operations

Strong knowledge of Malaysian banking regulations, Bank Negara Malaysia (BNM) guidelines and international banking standards

Thorough understanding of anti-money laundering (AML), counter-terrorism financing (CTF) and know-your-customer (KYC) requirements

Proven experience in developing and implementing compliance frameworks and control procedures

Excellent knowledge of transaction banking products and services, including payments, collections, trade finance and cash management

Proficiency in compliance monitoring systems and data analysis tools

Strong communication and interpersonal skills with the ability to engage effectively with stakeholders at all levels

Meticulous attention to detail and strong organisational abilities

Professional certifications such as Certified Compliance and Ethics Professional (CCEP) or similar banking compliance qualifications are highly desirable

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:

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: