Great Eastern Hiring! Full Time Associate-Assistant Manager, AML Compliance in Federal Territory - Ricebowl

About The Job

The AML and CFT Compliance Officer and Senior AML and CFT Compliance Officer are the key positions that monitor and support the overall AML/CFT/CPF Compliance portfolio i.e. governance, AML BAU, AML training & awareness and AML/CFT/CPF Compliance Programme in ensuring compliance with all legal and regulatory requirements and the Company's internal standards relating to AML/CFT/CPF and TFS.

(i) AML and CFT Compliance Officer

• Provide support and assistance in overall AML/CFT/CPF Compliance portfolio i.e. governance, AML BAU, AML training & awareness and AML/CFT/CPF Compliance Programme to ensure internal standards are met against regulations and group/internal guidelines, policies as well as operating processes.
• Undertake analysis of higher risk parties and transactions including performing transaction monitoring, review on Fact Find (FF) form and internal Suspicious Transaction Reports (iSTRs). Undertake periodic review and assessment of AML/CFT/CPF Compliance Programme.
• Ensure accurate & timely reporting of STRs to Bank Negara Malaysia (BNM) and maintenance of up-to-date and effective database of STR cases for reporting purposes and to provide prompt feedbacks to relevant regulators, as and when required.
• Maintain AML/CFT/CPF related publications and internal watchlist.
• Undertake periodic review and assessment of AML/CFT/CPF Compliance Programme.
• Assist in preparing statistics and providing updates for reporting to the Management i.e. Board of Directors, Board Risk Management Committee, Senior Management, Financial Crime Committee, Group AML/CFT Compliance, etc.
• Undertake ad-hoc projects as assigned by superior(s)

(ii) Senior AML and CFT Compliance Officer

• Provide support in the overall AML/CFT/CPF Compliance portfolio i.e. governance, AML BAU, AML training & awareness and AML/CFT/CPF Compliance Programme to ensure internal standards are met against regulations and group/internal guidelines, policies as well as operating processes.
• Undertake analysis of higher risk parties and transactions including performing transaction monitoring, review on Fact Find (FF) form and internal Suspicious Transaction Reports (iSTRs).
• Ensure accurate & timely reporting of STRs to Bank Negara Malaysia (BNM) and maintenance of up-to-date and effective database of STR cases for reporting purposes and to provide prompt feedback to relevant regulators, as and when required.
• Maintain AML/CFT/CPF related publications and internal watchlist.
• Undertake periodic review and assessment of AML/CFT/CPF Compliance Programme.
• Assist in developing and reviewing AML/CFT/CPF related policies, standards and procedures in accordance to the established AML/CFT/CPF regulations and framework.
• Assist in developing and reviewing AML/CFT/CPF training materials and conducting AML/CFT/CPF training / briefing.
• Assist in preparing statistics and providing updates for reporting to the Management i.e. Board of Directors, Board Risk Management Committee, Senior Management, Financial Crime Committee, Group AML/CFT Compliance, etc.
• Assist in identifying and assessing the compliance risks particularly ML/TF/PF risks associated with the Company current and proposed future business activities, including the development of new business practices, the proposed establishment of new types of business or customer relationships, or material changes in the nature of such relationships.
• Provide compliance advisory to the management & business units on the applicable laws, regulation, rules and standards and the implementation of the relevant provisions.
• Undertake ad-hoc projects as assigned by Head of Department, Group Chief Risk Officer (GCRO) and Board Risk Management Committee (BRMC).
• Undertake ad-hoc projects as assigned by superior(s).

We are looking for people who

• Key skills: Strong written and communication skills, analytical and detail-oriented, IT literate, good organizational skills, excellent interpersonal skills, project management skills.
• Key knowledge: Insurance law and related regulation, agency and contract law, policy terms and conditions, product knowledge and features, cross functional knowledge, quality assurance best practices and good comprehension of compliance guidelines.
• Key competencies: Strong investigation/ analytical skills, strategic planning & decision making, responsible and accountable, able to handle difficult situations and work under pressure, conceptual & problem-solving mind, organizational commitment & organizational awareness, teamwork and relationship management effectiveness and legislation and compliance.
• High level of integrity, takes accountability of work and good attitude over teamwork.
• Take initiative to improve current state of things and adaptable to embrace new changes

(i) AML and CFT Compliance Officer

• Possess a Tertiary or professional qualification in Accountancy / Law / Insurance (FLMI, FMII etc).
• Fresh graduate or 1 – 3 years of working experience in AML/CFT/CPF / compliance; preferably insurance or banking industry.

(ii) Senior AML and CFT Compliance Officer

• Possess a Tertiary or professional qualification in Accountancy / Law / Insurance (FLMI, FMII etc).
• At least 3 - 5 years of working experience in AML/CFT/CPF / compliance / internal audit; preferably insurance or banking industry.

How you succeed

• Champion and embody our Core Values in everyday tasks and interactions.
• Demonstrate high level of integrity and accountability.
• Take initiative to drive improvements and embrace change.
• Take accountability of business and regulatory compliance risks, implementing measures to mitigate them effectively.
• Keep abreast with industry trends, regulatory compliance, and emerging threats and technologies to understand and highlight potential concerns/ risks to safeguard our company proactively.

About Great Eastern

Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 16 million policyholders, including 12.5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei.

The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of "AA-" by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia.

Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

To all recruitment agencies: Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resumes.