Senior AML/CFT Executive

To support and strengthen the company’s AML/CFT compliance framework, ensuring that internal policies, procedures, and controls are effective and aligned with regulatory requirements. The role involves monitoring transactions, identifying suspicious activity, conducting due diligence reviews, and supporting AML/CFT reporting obligations under Bank Negara Malaysia (BNM) guidelines.

Key Responsibilities

Transaction Monitoring & Alert Review

• Review system-generated alerts for suspicious transactions and potential money laundering or terrorism financing (ML/TF) activities – to work together with Transaction Monitoring team.
• Investigate unusual transaction patterns and escalate cases for further analysis or reporting.

Customer Due Diligence (CDD) & Enhanced Due Diligence (EDD)

• Conduct reviews of customer profiles during onboarding and periodic review cycles.
• Perform EDD on high-risk customers, including PEPs and non-residents, in accordance with internal risk-rating models.

Ongoing Due Diligence

• Conduct periodic reviews of existing customer and merchant profiles based on their risk classification (low, medium, high).
• Monitor high-risk accounts for changes in behavior, transaction patterns, or adverse media hits.
• Ensure updated documents, risk re-assessments, and red flags are addressed and documented promptly.
• Support customer re-verification and risk re-scoring initiatives

Policy and Procedure Development

• Support the drafting, review, and updating of AML/CFT policies, SOPs, and risk assessments.
• Ensure policies are up to date with the latest regulatory changes and typologies.

Training & Awareness

• Keep internal stakeholders updated on evolving AML/CFT risks and typologies.

Regulatory Compliance and Audit Support

• Assist in regulatory examinations or internal audits relating to AML/CFT.
• Maintain documentation and records to support audit readiness and compliance reviews.

Sanctions and Watchlist Screening

• Perform name screening against internal and external watchlists (e.g., OFAC, UN, BNM list).
• Investigate and clear potential matches and escalate confirmed hits appropriately.

Required Skills and Qualifications

Must-Have:

• Bachelor’s degree in Law, Finance, Accounting, Business, or related field.
• Minimum 2–4 years of relevant experience in AML/CFT compliance, preferably in fintech, EMI, banking, or payments.
• Strong knowledge of AMLA 2001, BNM AML/CFT Policy Documents, and relevant international standards (e.g., FATF).
• Familiarity with AML systems (e.g., screening, transaction monitoring).
• Strong analytical skills, attention to detail, and ability to work under pressure.
• Excellent written and verbal communication skills.

Nice-to-Have:

• Certification in AML/CFT is an advantage.
• Experience dealing with e-money products, remittance, or digital financial services.
• Prior exposure to working with regulators (e.g., BNM) on AML/CFT matters