Bank Of China Hiring! Full Time Transaction Banking Compliance Manager in WP Kuala Lumpur - Ricebowl

About the role

We are seeking a Transaction Banking Compliance Manager to join Bank of China (M) Berhad in Kuala Lumpur. This is a full-time position based in our Kuala Lumpur office. As Transaction Banking Compliance Manager, you will play a crucial role in ensuring that our transaction banking operations maintain the highest standards of regulatory compliance and risk management. This position is strategically important to our organisation, as it directly supports our commitment to operating within all relevant regulatory frameworks whilst protecting the bank's reputation and financial integrity.

Key responsibilities

1. Monitor and review transaction banking activities to ensure adherence to local and international regulatory requirements, including anti-money laundering (AML) and know-your-customer (KYC) regulations

2. Conduct regular compliance audits and assessments of transaction banking processes and controls

3. Investigate compliance breaches and irregularities, documenting findings and recommending corrective actions

4. Liaise with regulatory authorities and prepare compliance reports and regulatory submissions as required

5. Provide compliance guidance and training to transaction banking staff and relevant departments

6. Stay abreast of changes in regulatory requirements and implement necessary updates to policies and procedures

7. Collaborate with risk management, legal and operational teams to identify and mitigate compliance risks

8. Maintain detailed documentation and records of all compliance activities and audit trails

9. Support management with compliance-related queries and escalate issues appropriately

What we're looking for

1. Bachelor's degree in Finance, Banking, Law, Business Administration or a related field

2. Minimum of 5-7 years' experience in banking compliance, with specific focus on transaction banking or trade finance operations

3. Strong knowledge of Malaysian banking regulations, Bank Negara Malaysia (BNM) guidelines and international banking standards

4. Thorough understanding of anti-money laundering (AML), counter-terrorism financing (CTF) and know-your-customer (KYC) requirements

5. Proven experience in developing and implementing compliance frameworks and control procedures

6. Excellent knowledge of transaction banking products and services, including payments, collections, trade finance and cash management

7. Proficiency in compliance monitoring systems and data analysis tools

8. Strong communication and interpersonal skills with the ability to engage effectively with stakeholders at all levels

9. Meticulous attention to detail and strong organisational abilities

10. Professional certifications such as Certified Compliance and Ethics Professional (CCEP) or similar banking compliance qualifications are highly desirable