Internal Audit jobs in Malaysia

Job Description - Assistant Manager, AML Compliance (230001LK)

Description

Discover the GREAT in your career.

As a LIFE company, our customers are at the heart of all that we do. Being one of Asia’s leading insurers for over a century, we have built a long-lasting legacy of trust with our customers over many generations. At the foundation of this trust is Integrity, Initiative, and Involvement – from the way we treat every customer relationship with honesty and transparency to our proactive approach of delivering the best possible solutions in both life and general insurance.

Integrity, Initiative, and Involvement is what guides us. It is what makes us do the right thing, take the lead, and choose ‘we’ over ‘me’. Our mission is to make life great for our customers because we understand what matters most to them, and we know how to help them protect it.

If you are looking to grow in an exciting career filled with opportunities and potential, we are seeking a professional to join our team as Assistant Manager, AML Compliance.

Job Purpose
The Assistant Manager works within the team and reports to the AVP, Compliance-AML. This is a key position that monitors and supports the business units within the Company in ensuring that they operate in accordance with all legal and regulatory requirements and the Company's internal standards relating to AML/CFT and TFS.

The Job

• Provide support and assistance in overall AML/CFT Compliance portfolio i.e. governance, AML BAU, AML training & awareness and AML/CFT Compliance Programme.
• Undertake analysis and fact find of higher risk transactions and parties including review of AML/CFT STR and Fact Find (FF) form performed.
• Maintain AML/CFT related publications - High Risk Customers, UNSC, OFAC listing, Staffnet, etc.; and internal watchlist.
• Undertake periodic review and assessment of AML/CFT Compliance Programme.
• Maintain & update database of all STR cases as reported by the Company.
• Ensure accurate & timely reporting of STRs to BNM.
• Compilation and reporting of AML/CFT related cases and statistics to various forums.
• Assist in application of AML/CFT regulations and framework and implementation of new AML/CFT processes / systems.
• Assist in reviewing and implementing of group policies and procedures.
• Assist in developing/reviewing of AML/CFT training materials and conduct AML/CFT training / briefing.
• Prepare reports to the Management i.e. Board of Directors, Board Risk Management Committee, Senior Management, Financial Crime Committee, Group AML/CFT Compliance, etc.
• Assist in the Secretariat duties for Financial Crime Committee (FCC).
• Assist in identifying and assessing the compliance risks particularly ML/TF risks associated with the Company current and proposed future business activities, including the development of new business practices, the proposed establishment of new types of business or customer relationships, or material changes in the nature of such relationships.
• Provide compliance advisory to the management & staff on the applicable laws, regulation, rules and standards and the implementation of the relevant provisions.
• Assist to develop, review, update and/or maintain AML/CFT related policies, standards and guidelines.
• Undertake AML/CFT Compliance Programme to ensure internal standards are met against regulations and group/internal guidelines, policies as well as operating processes.
• Undertake ad-hoc projects as assigned by Head of Department, Group Chief Risk Officer (GCRO) and Board Risk Management Committee (BRMC).
• Undertake ad-hoc projects as assigned by superior(s).
• Take accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
• Maintain awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
• Highlight any potential concerns /risks and proactively shares best risk management practices.
• Other responsibilities entailed.

Our Requirements

• Tertiary or professional qualification in Accountancy / Finance / Law or Insurance (FLMI, FMII etc).
• At least 3 - 5 years of working experience in compliance / internal audit; preferably in insurance or banking industry.
• Analytical & detail-oriented.
• IT literate.
• Good organising & planning skills.
• Familiar with the emerging issues related to AML/CFT, insurance / takaful / financial services industry.
• Key Knowledge: Insurance law & related regulation, Agency & contract law, Policy terms & conditions, Product knowledge & features, Cross functional knowledge, Quality assurance best practices, and Good comprehension of compliance guidelines.
• Key Competencies: Investigation/Audit techniques, Decision making, Responsible and diligent, Integrity, Able to handle difficult situations and work under pressure, Strong analytical, conceptual and problem-solving mind, Organizational commitment & organizational awareness, Teamwork and relationship management effectiveness, Legislation and compliance.
• Fast learner.
• Good interpersonal and report writing skill.
• Project Management Skills.
• Good teamwork and accountability for responsibilities.
• High level of integrity, takes accountability of work and good attitude over teamwork.
• Takes initiative to improve current state of things and adaptable to embrace new changes.

Great Eastern Malaysia is committed to Equal Employment Opportunity, and all qualified applicants shall receive a fair and equal consideration for employment.

Entity: Great Eastern Life Malaysia

Employment Type: Permanent

To all recruitment agencies: Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resumes.