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Job Purpose
To assist Head of AML/CFT who is the appointed Money Laundering Compliance Officer (MLCO) of the bank to oversee Bank wide AML/CFT compliance management specifically with respect to reviewing alerts prior submitting to Suspicious Transaction Report (STR) to Team.
Responsibilities
- The AML Compliance Officer (AMLCO) of Transaction Monitoring will be responsible for analyzing, investigating and assessing alerts generated via AML system submitted for onward submission to STR Team. The responsibilities of AMLCO should include:
i. Checking and analyzing the grounds for suspicion based on the recommended STR and pre-set rules in the AML system.
ii. Requesting further information from the respective BUCO or BUCO Representatives of Branches / Hubs/Business Units to support the drafted STR prior to submission to STR Reporting Team (Level 3).
iii. Requesting other relevant documents from other supporting units such as Item Processing Centre and Payment Centre.
iv. Provide meaningful, clear and proper justification for any dropped alerts as required by Quality Assurance (QA) Team
v. Ensure alerts are cleared on timely basis.
vi. Ensure all dropped without complete information (under Re-work function) from QA Team are returned within the agreed timeline.
vii. To draft STRs in FINS system (BNM) with proper justification / grounds for suspicion prior to escalating to STR Reporting Team for onward submission to FIED via FINS system.
viii. Escalate with MIS Unit (AML/CFT) on ant AML/CFT system related issues and follow up to ensure resolution of the issued raised.
- To guide/assist and support Branches/Hubs/Business Units on drafting STRs via AML system (when necessary).
- To assist Head of AML/CFT Compliance in coordinating, managing, conducting AML/CFT awareness training program/SOJT for the bank's Branches/Hubs/Business Units.
- To involve is System Enhancement including fine tuning rules in AML System.
- To ensure compliance with AML/CFT guideline and policy and BNM
- To assist immediate Supervisor and Group Head AML/CFT Compliance in other ad-hoc tasks as and when required.
Skills/Knowledge
- Bachelor's degree in finance, business, accounting, economics, or a related field.
- Have more than 5 years of experience in AML related field (transaction monitoring is preferred) with a financial organization or regulatory body;
- Well verse in AML/CFT requirements and best practices applicable to the Malaysian financial industry.
- Having relevant AML/CFT certifications / qualifications from AICB / ACAMs or equivalent professional body.
- Familiar with policies and guidelines of Bank Negara Malaysia, the Securities Commission Malaysia and Bursa Malaysia Securities Berhad.
- Hands-on, proactive and able to work independently with strong critical and analytical ability, sound judgment and project management skills.
- Good interpersonal and relationship building skills to build strong relationships with stakeholders across all levels, including with relevant external parties.
- Effective communication skills including strong written communication.
