Counterparty Due Diligence (CDD) Analyst ( 12 Month)

Summary:

The Counterparty Due Diligence (CDD) Analyst is responsible for ensuring CDD operations are conducted in accordance with the requirements of the CDD Practice in Company, including the requirement to observe all data privacy regulations and the need to maintain a systematic audit trail for all decisions and controlled document retention

Process Leadership

• Understand and operate the CDD process, to ensure accurate and timely delivery of services in accordance with SLAs. Monitor assigned queues in the CDD tool and prioritise workload.
• Conduct on demand CDD screening for counterparties in accordance with the risk based CDD process.
• Monitor the continuous monitoring reports for new matches
• Instigate follow-up reviews at frequencies determined by the risk rating for the counterparties or agents
• Review any matches to establish validity and, if appropriate, recommend next steps which may include moving to a higher level of rigor, or escalate – include recommendations on action based on precedents
• Ensure that the rationale for all decisions is annotated as needed in the CDD tool
• Compile as appropriate and send CDD request forms to counterparties as required, as well as analysing subsequent responses and propose the appropriate risk level to be assigned.
• Draft any mitigating actions to be sent to Company business requesters.
• Securely store all information in accordance with the requirements of the CDD Practice and policy ensuring compliance with any data privacy requirements
• Understand and assist in operating the High Risk Agent Group Control Process (HRAGCP)
• Provide subject matter expertise for the CDD process to requestors to ensure that the appropriate level of rigor is applied to CDD and HRAGCP evaluations of counter-parties
• Participate in periodic reviews of the CDD or HRAGCP process with fellow practitioners and subject matter experts from Ethics & C, Legal, etc.
• Ensure Compliance to CDD and Pre-Qualification policy and procedures.
• Ensure counterparty data integrity in the systems is preserved and enhanced in line with CDD policy and procedures.

Qualifications

• Bachelor’s degree in Business, Finance, Accounting, or related field; or professional certification such as ACAMS or ICA.

Experience

• Minimum 5 years of working experience in CDD and Pre-Qualification / AML, Compliance, Finance, Accounting, Business or related field.
• Significant experience of people management and managing medium scale operations

Competencies

• Excellent written and oral communication skills in English.
• Strong stakeholder relationship management skills
• Proactive and dynamic approach

Job Type: Contract
Contract length: 6 months

Pay: Up to RM7,200.00 per month

Schedule:

• Monday to Friday

Ability to commute/relocate:

• Bangsar South: Reliably commute or planning to relocate before starting work (Preferred)

Experience:

• CCD in analysis & investigation: 5 years (Preferred)