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Overview
This position supports the Head, FCC Advisory & EDD in ensuring effective implementation of the Bank's Anti-Money Laundering/Counter Financing of Terrorism (AML/CFT) framework. This includes providing advisory support to business units, assisting with risk assessments, ensuring policy implementation, and supporting audit processes.
Functional (job responsibilities)
To be able to perform the following functions:
Provide advisory to Business Units for AML, CFT, CPF and TFS related queries, including complex inquiries related to customer due diligence, transaction monitoring, and regulatory interpretation.
Support Business Units in implementing AML, CFT, CPF and TFS policies and ensure compliance with these policies, local laws, and regulations. This includes reviewing business unit procedures, providing guidance on required documentation, and monitoring implementation effectiveness.
Create training decks and conduct training on AML, CFT, CPF and TFS related topics for bank-wide audiences.
Respond to and assess the impact of changes in AML, CFT, CPF and TFS regulatory requirements. This includes interpreting regulatory updates and communicating changes to relevant stakeholders.
Ensure sanctions risk/breach incidents/issues/internal events are properly managed, including timely reporting and escalation, root cause identification, remediation action, and ensuring adherence to sanctions screening processes, investigating potential breaches, and managing reporting obligations.
Ensure all processes comply with the records retention policy. This includes ensuring team members adhere to the policy and maintaining accurate and complete documentation.
Assess and advise on new product launches. Identify potential AML and Sanctions vulnerabilities to ensure all initiatives align with the bank’s AML Policy and regulatory requirements..
Ensure all work is completed within agreed timelines, with appropriate escalation and mitigating actions for items not meeting timelines, including monitoring progress and implementing escalation procedures.
Provide training to new staff on AML/CFT policies, procedures, and systems.
Encourage new ideas and drive process improvement by implementing suggestions and streamlining workflows.
Contribute to ensuring a sound AML/CFT compliance framework is in place for the Group. This includes supporting the development of compliance programs, participating in risk assessments, and monitoring compliance effectiveness.
What We're Looking For
Bachelor’s Degree or Professional Degree in Finance, Banking, Law, or a related field of study
Minimum 5 years of experience in a banking or financial institution with a focus on Financial Crime Compliance or Sanctions in a supervisory role
Proven track record of interpreting regulatory requirements and delivering professional reports or presentations to senior management and regulators
Technical expertise in FATF and OFAC regulations along with a deep understanding of Trade-Based Money Laundering and SWIFT message types
Strong leadership and lateral thinking abilities to identify root causes and develop practical solutions for complex compliance issues
Professional certification in CGSS/Sanctions or an Advanced Certification in AML/CFT
Advanced proficiency in Microsoft Office applications combined with sound analytical judgment and decision-making skills
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.
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What We Do
Hong Leong Bank Berhad is one of the leading financial services organisations in Malaysia. With a heritage of more than 100 years, it provides comprehensive financial services covering consumer banking, business banking and trade finance, treasury, branch and transaction banking, wealth management, private banking and Islamic financial services. Its merger with EON Bank Group in 2011 has further embedded its position as a core banking franchise with an expanded distribution network of more than 300 branches across the country. With a proven track record in value creation and a highly recognised brand, Hong Leong Bank has also been extending its footprint in the region, with branches in Singapore and Hong Kong and wholly owned subsidiaries in Vietnam and Cambodia. In China, the Bank has a 20% shareholding in Bank of Chengdu Co., Ltd., Sichuan and a consumer finance joint venture. Hong Leong Bank is a subsidiary of Hong Leong Financial Group Berhad, the financial services arm of the Hong Leong Group. Apart from banking, Hong Leong Financial Group is involved in the provision of insurance and takaful, as well as investment banking, unit trust, fund management and stock broking services
