Compliance Senior Associate, Transaction Monitoring

We AreYouTrip is at the forefront of Asia's financial revolution, defining the future of digital finance with its leading multi-currency payment platform. Launched in 2018, YouTrip has swiftly ascended as a powerhouse, orchestrating billions in transactions annually and securing the trust of millions. With innovative solutions like YouTrip for consumers and YouBiz for businesses, we offer unmatched financial ease and cost-effectiveness. Fresh off a successful US$50 million Series B funding round led by Lightspeed Venture, we're setting new benchmarks in the digital financial services sector.

At the heart of our mission is a commitment to eliminate financial borders across Asia, propelling us into the next wave of digital finance.

As the Compliance Senior Associate (Lead Role), you will be entrusted with a pivotal leadership role within the Transaction Monitoring (TM) team in Malaysia. You will act as the primary point of contact for all transaction monitoring activities, providing leadership, guidance, and strategic oversight of the team in Malaysia. This role involves driving the team’s performance, fostering a culture of compliance excellence, and ensuring that all transactions are thoroughly reviewed and flagged in accordance with regulatory requirements.You will lead by example, promoting adherence to Anti-Money Laundering (AML), Counter-Terrorism Financing (CTF), and other financial crime compliance regulations, while guiding your team to effectively manage the risks associated with suspicious or unusual financial activities. The role demands both operational excellence and strong leadership skills to ensure the team is equipped to handle complex compliance challenges in an evolving regulatory landscape.

You Will

• Review and assess alerts generated by our transaction monitoring and screening systems. Require a good level of analytical skill to detect unusual or suspicious transactions and escalate potential hits. Analysts may also be required to send requests for further information from customers.
• Conduct transaction reviews and should transaction anomalies be observed, draft Suspicious Transaction Reports (“STR”) for lodgment to the relevant authorities.
• Analyse transaction data to identify trends & patterns in transactions that may signify suspicious or fraudulent activities, using data and transaction monitoring tools.
• Handle escalation alerts from junior staff who handled the first layer of review and decide the next course of actions.
• Ensure the team follows strictly to the staff code of conduct.
• Manage the team’s KPI performance.
• Handle the quality assurance checks of the team’s past reviewed alerts and ensure that the quality of reviews is maintained at high standard.
• Ensure the team receives updated AML training.
• Collaborate with other key business functions to ensure a smooth end-to-end internal process to achieve customer satisfaction and safeguard the company’s and users’ interests.
• Perform any other ad-hoc compliance related duties.
• Assist with and report to the Transaction Monitoring team lead in Singapore.
  
  

You Are

• Compliance & Risk enthusiast – you have racked up at least 4 - 6 years of relevant transaction monitoring work experience ideally within the financial services or payment industry.. Relevant knowledge on payments related regulations in Malaysia will be a plus.
• Analytical & detail-oriented thinker – you possess excellent problem-solving skills with demonstrated experience in solving complex business with analytical thinking. You have the natural tendency to always focus on details and hate to miss out on specifics.
• Travel enthusiast – you are a passionate traveler and understand the psychology of traveler, in particular when it comes to overseas spending behavior and its associated risks.
• Fearless self-starter – you are not afraid to suggest and implement new initiatives to tackle complex business issues, as long as the rationale are logical and sound. You do not mind getting your hands dirty in order to get things done on a tight timeline.
• Passion to lead - True leadership is not about being born into a role, but about embracing the responsibility to lead by example. With unwavering dedication and a clear vision, you will inspire and guide your team to reach new heights, demonstrating that the passion to lead is cultivated through action, not title.
  
  

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