Job Description

FIND YOUR \'BETTER\' AT AIA If you believe in better, we\'d love to hear from you. About the Role To support the Team Lead of AML/CFT COE to ensure that AIA Bhd operates in accordance with the AIA Group policies and guidelines and local regulatory requirements in the following areas and towards this end, driving and overseeing implementation of compliance frameworks in these areas: - Know Your Customer (KYC) / Anti-Money Laundering (AML) / Counter Terrorist Financing (CTF). - Economic Sanctions. - Other regulatory and corporate requirements. Perform regulatory compliance work such as guidelines interpretation, advise and review of business initiatives to identify regulatory breaches or ineffective controls for AIA Bhd in respect of BNM, LIAM and PIAM guidelines AML/CFT & Economic Sanctions compliance programs for AIA Bhd by undertaking the following: Drafting / reviewing and maintaining on an ongoing basis, local policies and guidelines and AML Risk Assessment matrix to ensure compliance with higher of the AIA Group requirements or local regulatory requirements. Liaising with relevant business/operational functions to embed Group and local regulatory requirements in the business procedures and facilitating design & implementation of operational controls. Implementing robust AML monitoring procedures (including Early Warning System) and Sanctions screening procedures and ensuring that systems used for this purpose are accurately maintained on an ongoing basis and any alerts generated are duly investigated and necessary action taken. Implementing robust procedures for staff and external sales force to raise Suspicious Transaction Reporting (STR) when they encounter suspicious transactions. Investigating STRs and undertaking external regulatory reporting as required. Developing training plans and training material to ensure adequate awareness programs (including awareness of STR reporting procedures) for staff and external sales force in line with Group and local regulatory requirements. Implementing due diligence program for partners and business associates. Providing advice and guidance to local business. Escalating key risks and actual/potential non-compliance incidents to the superior and ensuring incidents are managed effectively. Monitoring implementation of corrective actions to remediate any identified deficiencies. Proactively monitoring relevant internal developments and regulatory & industry developments and initiating necessary action. Conducting sample checks/reviews as part of the compliance review program to gain assurance over all relevant aspects. Compiling timely, relevant and reliable management information. Lead and manage any system enhancements particularly AML/CFT system (Nice Actimize) in relation to Regulatory Compliance, AML/CFT, FATCA or CRS requirements. Establish and monitor the accuracy, completeness and quality control of Nice Actimize alerts, Customer Due Diligence and Enhanced Customer Due Diligence as well as alerts review by the Nice Actimize users. Facilitate the preparation of National Risk Assessment by Bank Negara Malaysia and Institutional Risk Assessment by Group. Act as an advisory role to the local entity\'s business unit team, including assess and advice on risks and potential for breaches, Facilitate incident management for breaches and control failures together with AIAB Legal and ERM teams. Work with IT and the relevant business units to ensure the effective design and implementation of the controls implemented. Effective testing of compliance controls in the business processes. Assisting in training arrangement for AML/CFT. Assisting in any system enhancement involving AML/CFT & Sanctions screening. Performs other responsibilities and duties periodically assigned by superior in order to meet operational and/or other requirements. Job Requirements Bachelor degree in Accounting, Finance, Business or Law with minimum of 5 years\' experience in the related field. Candidates with Certified AML Specialist (CAMS) qualification would have an added advantage. Knowledge of local AML legal / regulatory requirements. Knowledge of Nice Actimize System (a.k.a. AML/CFT System) is preferred or other AML/CFT systems can be considered. Good interpersonal and communication skills and self-motivated. Pro-active, demonstrates initiative & looks for area of improvement. Good written and spoken communication skills in English and local language. Strong analytical and presentation skills.

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