Head of AML & Fraud Operation

GXBank


Date: 3 weeks ago
City: Petaling Jaya
Contract type: Full time
Get To Know Our GX Bank Team

GX Bank Berhad - the Grab-led Digital Bank - is the FIRST digital bank in Malaysia, approved by BNM to commence operations. We aim to leverage technology and innovation to serve the financial needs of the unserved and underserved individuals, and micro and small medium enterprises.

We are driven by our shared purpose and passion to bring positive transformation to the banking industry, starting with solutions that address the financial struggles of Malaysians and businesses.

Get To Know The Role

  • This is a subject matter expert role in Financial Crime Compliance (FCC), focusing on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT).
  • The successful candidate will apply the compliance expertise across different financial services verticals, with a view to establishing a consistently high-standard approach to FCC across the Bank
  • Develop, maintain, implement and refine the company’s FCC and AML/CFT compliance program, in close partnership with business stakeholders in Product, Risk and Operations as well as country-level compliance teams where relevant.
  • Strong familiarity with developing effective controls around the following areas: individual and business customer onboarding processes, sanctions screening, customer risk rating frameworks, transaction monitoring, enterprise wide risk assessments and filing of suspicious transaction reports.
  • Coordinate with other subject matter experts in areas such as fraud prevention
  • Advise business stakeholders of implications of new/existing FCC and AML/CFT regulations and provide guidance/training on the proper and prompt implementation of procedures to comply
  • Enhance board and senior management FCC and AML/CFT oversight by developing regular briefing materials and concise reporting dashboards that keep them apprised of key FCC and AML/CFT compliance risks, and ensure that they are comfortable with the way these risks are managed.
  • When required, act as principal point of contact for internal and external stakeholders in relation to FCC and AML/CFT compliance matters
  • Support and where necessary drive government relations activities in regional markets to deepen ties and partnerships with financial regulators and central banks.
  • Any other duties assigned by the Head of Compliance and Government Relations.

The Must-Haves

  • A university degree in Accounting/Commerce/Finance, Banking or Law or related discipline with at least min 10 years’ experience in the financial services industry.
  • Minimum 5 years’ experience of direct FCC and AML/CFT compliance in either private, retail, wholesale banking or securities firms. Candidates with retail banking regulatory backgrounds will be prioritised.
  • Passionate about technology trends in the financial sector and keen to embrace technology to enhance FCC and AML/CFT compliance
  • Strong knowledge of Bank Negara Malaysia ‘s AML/CFT regulations, with a proven ability to effectively implement a robust AML/CFT control environment in a financial institution in Malaysia
  • Strong analytical and problem solving skills and ability to prioritise and organise work effectively and efficiently to meet aggressive targets and deadlines
  • Constructive attitude and a demonstrated willingness to “get hands dirty” to effectively solve problems.
  • Excellent interpersonal, written and verbal communication skills.
  • Highly motivated self-starter, with the drive and independence to set up the specialist FCC and AML/CFT subject matter expertise within the Compliance team, with the potential for the role to become a managerial one in the near term.
  • Existing experience with managing financial crime compliance teams will be valued.
  • Experience in developing policies, procedures, and manuals.
  • Experience in designing and refining transaction monitoring frameworks and escalation processes
  • Experience in liaising with financial regulators, responding to regulatory inquiries and surveys and managing inspections.
  • Experience in stakeholder management at all levels, particularly senior stakeholders.
  • Comfort in managing ambiguity and operating in a hyper-growth company.

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