Job Description

Salary Market Aligned

Location Kuala Lumpur FULL_TIME

Consultant Madiha MdRidza

Job Ref 1923900/001

Date posted 07 April 2023 kuala-lumpur banking-financial-services/compliance 2023-04-07 2023-06-06 financial-services Kuala Lumpur MY Robert Walters https://www.robertwalters.com.my https://www.robertwalters.com.my/content/dam/robert-walters/global/images/logos/web-logos/square-logo.png true

An exciting VP, Financial Crime Compliance job has just become available at a reputable bank based in Kuala Lumpur. This is a role for professionals who is looking for an exciting opportunity to be a part of the changing landscape in the financial services industry.

About the VP, Financial Crime Compliance Role:
In this business critical role, you will need to develop and establish policies, strategies and improvement plans to mitigate financial crime compliance (FCC) risk issues and the effective management of FCC activities to meet regulations, directives and laws emanating from regulators in Malaysia and external regulators which inclusive of Japan and any other jurisdictions that impact on the business and operations of the Bank from the perspectives of safety and soundness.

Key Responsibilities:

• Ensure local financial crime functions are conducted in accordance with local laws, regulations and the bank\'s Global and Regional Policies, Standards, Framework, Methodology, Procedures, Guidelines and Operational Manuals relating to AML, Sanctions, Anti-Bribery and Corruptions (collectively refers to \xe2\x80\x9cPolicies and Procedures\xe2\x80\x9d)
• Advise employees concerning the observation of laws, regulations and the Bank\'s Policies and Procedures
• Act as liaison with supervisory authorities, lawyers and law enforcement agencies for reporting the result of any such contact when required by the compliance office
• Develop, adopt, and implement policies and procedures to ensure high standards of integrity of employees and compliance to rules and regulations, Parent Bank Policies/Procedures and implement a sound system to safeguard the Bank from being used and prevent/detect anti-money laundering/terrorism financing/sanction activities and offences
• Implement ongoing training and educational compliance programs to the Bank\'s employees and Board of Directors
• Ensure proper maintenance of records and the accurate reporting to global/regional/local management as well of external agencies and authorities
• Report to BNM\'s FINs Reporting System relating to Suspicious Transaction Reporting and preserve the integrity and confidentiality as required by relevant laws and internal policies
• Manage all other assignments/authorities conferred in the AML/Counter Financing Terrorism/Sanction related policies and procedures
• Monitor and filter transactions using Actimize and Hotscan system for all transactions
• Escalate financial crime compliance (FCC) issues to CCO/regional and take appropriate countermeasures to mitigate supervisory actions and reputational risk to the bank in a timely manner
• Ensure financial crime functions are operating effectively and efficiently on a continuous and smooth basis
• Motivate team members to achieve high productivity level though close monitoring of daily FCC activities
• Continuously learn to keep abreast with current developments and acquire new knowledge to improve the FCC control environment
• Attend internal/external meetings or requests relating to compliance matters where required
• Implement initiatives and projects to align to global/regional directives
• Ensure no significant or adverse findings/issues arise from internal and external audits/examinations that will impact the organisation scorecard

To succeed in this VP, Financial Crime Compliance role, you will need to implement an effective issue management to ensure prompt identification of issues, development of action plans, reporting status of resolution and to prevent overdue or failed validation post-issue resolutions.

Key Requirements:

• Degree in Business Administration, Accountancy/ACCA, Finance, Economics or its equivalent from a recognised university/higher learning institution
• Five years of relevant work experience in financial crime compliance. Additional relevant experience in other sections of the banking industry will be considered as an advantage
• Strong knowledge of financial crime compliance regulations/guidelines. Basic understanding of Japanese and US banking regulations is as an advantage
• Strong self-motivated person who can work under minimal supervision with professional communication, interpersonal, negotiation, analytical and problem-solving skills
• Strong leadership skill, strategic thinking, business acumen and sound people management abilities

This organisation is an exciting addition to the financial services industry. The firm is very focused on developing and training their people to the highest standards.

If you are driven, determined and want to take the next step in your career, this is the role for you. Great career progression opportunities await the right person in this VP, Financial Crime Compliance role.

Robert Walters