Executive, Regulatory Compliance

Full Time, onsite
Affin Bank
Kuala Lumpur, Malaysia

Salary undisclosed

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Executive, Regulatory Compliance

Create the future with Affin! You too can make a difference.

We continuously innovate to transform our financial services landscape - making banking better and easier. Join us at AFFIN, where the open minds meet and be inspired by a shared commitment to great work. You too can make a difference.

JOB PURPOSE

To assist the Business Unit with any advisory on Regulatory Compliance/AML/CFT and facilitating communication on regulatory and internal requirements within the Division.

ACCOUNTABILITIES

Ensuring that the non-credit review borrowing customer are properly reviewed which includes information but not limited to mandatory information to be obtained and updated as per BNM guidelines.
To conduct Customer Due Diligence (CDD) / Enhanced Customer Due Diligence (ECDD) upon anniversary date towards all non-credit review customers.
To identify the Ultimate Beneficial Owner (UBO) for the customers and maintain/updated correct UBO tagging in SIBS for all non-credit review customers.
To verify the accurate business type and correct customer information maintain in SIBS.
To update customers' latest information via account maintenance to Account Services and conduct post-checking to ensure the information is updated in the SIBS.
Conduct regular random AML/CFT verification.
To seek clearance from AML/CFT team prior onboarding any new/potential customers, if required based on its risk scoring.
Keep abreast with rules and regulations from Bank Negara Malaysia (BNM), Association of Banks in Malaysia (ABM) and Head Office as well as latest developments in banking circles.
Perform any other duties as assigned by Management from time to time.