MYS Citibank Berhad - In-country KYC Risk Evaluation Management (REM) AMLCO
Citi
Kuala Lumpur, Malaysia
3 hari yang lepas

The Compliance Anti Money Laundering Risk Management Officer is a senior professional level role responsible for establishing internal procedures to prevent money laundering and assist in all matters concerning financial crimes in coordination with the broader Anti-Money Laundering (AML) team.

The overall objective is to utilize established disciplinary knowledge to identify inconsistencies in data or result and formulate strategic recommendations on policies, procedures, and practices.

Responsibilities :

Know-Your-Customer Risk Evaluation Management (KYC REM)

  • Provide advisement and to perform risk evaluations in CitiKYC system in accordance to the KYC REM Global Desktop Procedures and relevant Policies and Standards for CitiKYC.
  • Identifying and escalating potentially significant issues or risks through internal escalation to Country / Regional REM (Level 2 review), as required.
  • Consulting and collaborating with the Business, AML Compliance Risk Management (ACRM) and other Compliance partners, as required.
  • To provide relevant training or local regulatory updates to KYC REM Level 0 team, Business and Business Support team to ensure they are in alignment with local regulatory and Citi KYC policies requirement.
  • Participation in UATs and projects / technology enhancement on CitiKYC system or updates to Country Variance / Smart form / FAQ.
  • To manage, track and ensure there are no ageing in KYC records.
  • Ensure that the KYC metrics e.g. REM volume metrics are completed and submitted timely.
  • AML Compliance Officer (AMLCO) support

  • Work closely with AMLCO on the day-to-day coordination and monitoring of AML & sanctions compliance based on policies, procedures, standards and guidelines set forth by Global, Sector, Regional, Country, local regulators, business and / or product.
  • Develop / Enhance and implement the country AML & Sanctions Programs which conform with global, regional & local regulatory standards & guidelines.
  • Assist in conducting AML investigations basis escalations received from Level 1 reviews and necessary regulatory reporting of Suspicious Transaction Reporting, if required
  • Maintain, disseminate and provide oversight on the Anti-Money Laundering Compliance Program, including sanctions, as required by the Policy.
  • This will include : the Enterprise Wide AML & sanctions risk assessments; practices, procedures & controls relating to account opening KYC procedures and ongoing account / transaction monitoring for detecting suspicious transactions / account activity and combating financing of terrorism, and a written AML / Sanctions training plan.

  • Managing the risk and control by ensuring the effectiveness of the AML monitoring Hub / system, Name Search, Suspicious Activity Reporting, Senior Public Figures monitoring and maintenance processes.
  • Participate in AML related Internal & External reviews, Compliance Assurance testings, where required.
  • Participate in self-assessment for AML Compliance department, review of business ratings relating to AML Compliance.
  • This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

    Qualifications / Experience :

  • Strong knowledge of sanctions principles and associated laws and regulations
  • Familiarity with sanctions risks and typologies to identify products, services and business activities that may pose increased sanctions risk
  • Laws and regulations applicable to money laundering in Malaysia (AMLATFA). Knowledge of the Bank Secrecy Act (BSA), the USA Patriot Act, will be an added advantage
  • Understanding on the various AML / CFT guidelines issued by Bank Negara Malaysia, Labuan FSA & Securities Commission.
  • The Recommendations of the Financial Action Task Force on Money Laundering (FATF), including recent FATF Annual Reports.
  • Experience in Exam management will be a plus.
  • Graduate Degree from a recognized university (Accountancy, Banking, Business, Economics or Law) or relevant professional qualification in financial services or audit.
  • Post Graduate Degree is a plus.
  • Familiar with AML typologies and risks associated with banking.
  • Grade :

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