Assistant Vice President, Group AML/CFT

Job Purpose

· To ensure proper investigation of Transaction Monitoring (TM) and Suspicious Transaction Reporting (STR) in accordance to the Bank’s internal AML/CFT policy & procedures requirements.

· To supervise and manage STR team to ensure daily productivity of the STR team are met and all cases are reviewed within the approved turn-around time.

· To involve in the UAT, implementation and enhancement of AML/CFT System.

· To review and make recommendation on process and system improvement for enhanced monitoring and management of AML/CFT risks of the bank.

· To liaise with Branches, Business Units, Operation Units on AML/CFT related matters.

· Involved in preparation of Group AML/CFT Policy and SOPs.

· Provide periodic reporting on STR related matters under Group AML/CFT.

· To relief other teams in the absence of their Supervisor.

· To assist delegates, VPs and Head, Group AML/CFT on any ad-hoc request

Job Description

Suspicious Transactions Reporting (STR)

· To ensure all STR cases are reviewed within the approved turn-around time and consistently meet the quality required.

· To ensure the list of potential mule account holder in the consolidated mule list disseminated by Paynet is matched to the bank customer database on timely basis.

· To ensure all channels of STRs; i.e. Transaction Monitoring alerts, branch, other FI, PDRM CCID, PAYNET, NSRC are duly taken for review by the team.

· To coordinate and work closely with the Transaction monitoring team to bring up the overall quality for alerts/cases and to ensure alerts/cases conversion to STR are to be maintained at the highest level.

· To ensure submission of STR to FIED, BNM within the stipulated deadline i.e. next working day upon completion of the STR investigation and suspicion form with approval from Head of AML Monitoring & Operations.

· To act as delegate for Head, AML Monitoring and Operations to approve STRs.

· To ensure the accuracy of data/information retrieved from STR register for monthly reporting.

· Timely preparation of monthly reporting and updates on suspected mule accountholders and illegal financial scheme (IFS) for submission to BNM.

Maintenance of Records

· To ensure timely maintenance of the Internal Blacklist in the Host/AML system.

· Internal records/registers are maintained accurately and timely.

AML/CFT Risk Managements

· Propose and drive process improvement within the team and with various stakeholders to further strengthen the bank’s AML/CFT controls.

· Provide advice and solution to stakeholders on timely basis.

Ad-Hoc AML/CFT Matters

· To assist the VP and Head, Group AML/CFT on any ad-hoc AML/CFT-related projects/requests

Requirements

Skills · Technical knowledge on AML/CFT laws and regulations · Analytical thinking · Management skills

Knowledge · Degree in Accounting and Finance or related AML/CFT certifications · AML/CFT Law, Rules & Regulations Experience · At least 3 to 5 years working experience in AML compliance; or · At least 5 years banking operations experience