Head - Compliance (AML/Sanction Advisory & Enhanced Due Diligence)

Posted:
7/28/2024, 12:03:43 PM

Location(s):
Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia ⋅ Wilayah Persekutuan Kuala Lumpur, Malaysia

Experience Level(s):
Senior

Field(s):
Legal & Compliance

If you are looking to excel and make a difference, take a closer look at us…

Overview

Support the Head of Financial Crime Compliance in establishing Anti-Money Laundering, Counter Financing of Terrorism, Countering Proliferation Financing, and Targeted Financial Sanctions (“AML, CFT, CPF and TFS”) framework for the Bank that meets regulatory expectations and obtains assurance on effective implementation of initiatives to combat money laundering and terrorism financing activities.

Job Responsibilities

FCC Advisory

  • Lead the FCC Advisory team and provide advisory functions over the implementation of FCC-related policies and procedures to ensure compliance with Group and/or regulatory requirements

  • Advise Business / Support Units and front liners on sanction-related concerns and any other queries on the AML/CFT policy and procedures

  • Advise relevant stakeholders on AML/CFT/ CPF/TFS risk issues arising from new product launches, campaigns, and other related activities. 

  • Update Business and Support teams within the bank including overseas branches on changes within the Sanction framework.

  • Engage in specific sanctions-related projects where required to evaluate and advise sanctions risks arising from customers and transactions

  • Develop AML/CFT/ CPF/TFS training decks to support Business / Support Units in performing their functions

  • Support the Third-party name screening clearance. 

  • Secretariat for the Financial Crime Working Group which drives AML/CFT/ CPF/TFS discussions in the working group level of the Banking Group.

Enhanced Due Diligence

  • Lead and manage a team of Analysts performing New Customer Onboarding review and Ongoing Due diligence (ODD) providing guidance, mentoring, and supervision to ensure optimal performance and productivity.

  • Responsible for enhanced due diligence reviews on bank's high risk clients.

  • Responsible for reporting EDD key indicators to the Head of FCC and Senior Management 

  • Perform special projects and assignments for EDD / Very High Risk, as needed to support the Head of FCC

  • Liaise with regulatory bodies, internal and external auditors, and other stakeholders to address EDD related queries, examinations, and audits.

Job Requirement

  • Malaysian citizen

  • Bachelor’s Degree in business related field

  • Certification in AML/CFT is preferred.

  • Extensive exposure to the areas of risk assessment, bank operations, Sanction advisory and AML/CFT management.

  • Minimum of 5-8 years managerial experience in a banking and financial Institution with specialization in AML/CFT or compliance.

About Hong Leong Bank

We are a leading financial institution in Malaysia backed by a century of entrepreneurial heritage. Providing comprehensive financial services guided by a Digital-at-the-Core ethos has earned us industry recognition and accolades for our innovative approach in making banking simpler and more effortless for our customers. Our digital and physical offerings span across a vast nationwide network in Malaysia, strengthened with an expanding regional presence in Singapore, Hong Kong, Vietnam, Cambodia, and China.

We seek to strike a balance between diversity, inclusion and merit to achieve our mission of infusing diversity in thinking and skillsets into our organisation. Candidates are assessed based on merit and potential, in line with our mission to attract and recruit the best talent available. Expanding on our “Digital at the Core” ethos, we are progressively digitising the employee journey and experience to provide a strong foundation for our people to drive life-long learning, achieve their career aspirations and grow talent from within our organisation.

Realise your full potential at Hong Leong Bank by applying now.