AML Policy, Advisory & Intelligence

The AML Policy, Advisory & Intelligence Assistant Manager supports the implementation and ongoing effectiveness of the Bank’s Anti-Money Laundering, Countering Financing of Terrorism, Countering Proliferation Financing, and Targeted Financial Sanctions (AML/CFT/CPF & TFS) framework. The incumbent works closely with AML Operations, business units, and key stakeholders to ensure compliance with Bank Negara Malaysia (BNM) requirements.

Key Responsibilities

Policy Implementation & Regulatory Advisory

• Assist in the development, review, and periodic enhancement of AML/CFT/CPF & TFS policies, procedures, and internal guidelines in line with BNM regulations and FATF recommendations.
• Provide day-to-day AML/CFT/CPF & TFS advisory support to business units, including interpretation of regulatory requirements and internal policies.
• Monitor regulatory updates and assist in assessing their impact on existing policies, procedures, and controls.
• Support AML/CFT/CPF & TFS risk and compliance assessments for new products, services, delivery channels, and partnerships.

Enterprise-Wide Risk Assessment (EWRA) Support

• Support the execution and periodic refresh of the AML/CFT/CPF & TFS Enterprise-Wide Risk Assessment (EWRA).
• Assist in assessing inherent and residual risks across customers, products, services, delivery channels, transactions, and geographies.
• Coordinate with internal stakeholders to collect data, validate inputs, and document risk assessments.
• Track and monitor the implementation of risk mitigation actions arising from the EWRA.

AML Intelligence, Investigation & STR Handling

• Conduct reviews and investigations of potential suspicious activities identified through transaction monitoring and other surveillance tools.
• Prepare high-quality Suspicious Transaction Reports (STRs) and ensure timely submission to regulators via the Financial Intelligence System (FINS).
• Analyse investigation outcomes and STR trends to identify emerging risks, typologies, and areas for control enhancement.
• Provide investigation-related guidance and support to AML Operations and relevant business units.

AML Systems, Rules & Controls Support

• Participate in the testing and validation of AML transaction monitoring rules and scenarios to ensure effectiveness and regulatory alignment.
• Support user acceptance testing (UAT) for AML system enhancements, upgrades, and fixes, ensuring proper documentation of test results.
• Assist in maintaining AML rule libraries and recommending enhancements based on risk trends and regulatory expectations.
• Support internal and external audits, regulatory examinations, and issue remediation activities.

Governance, Reporting & Documentation

• Support the secretariat function for the Anti-Money Laundering Committee (AMLC), including preparation of meeting materials, coordination of meetings, and documentation of minutes.
• Prepare periodic reports and dashboards for management covering AML/CFT/CPF & TFS compliance status, STR statistics, risk trends, and regulatory updates.
• Maintain accurate and complete documentation of policies, risk assessments, advisory opinions, investigations, and regulatory interactions in accordance with internal standards.

Training & Continuous Improvement

• Assist in the development and delivery of AML/CFT/CPF & TFS training materials and awareness sessions.
• Stay informed of regulatory developments, industry trends, and emerging financial crime risks.
• Contribute to continuous improvement initiatives to enhance the effectiveness and efficiency of AML controls and processes.

Qualifications & Experience

• Bachelor’s degree in finance, Law, Business Administration, Computer Science, or a related field.
• Professional certifications such as ICA, CAMS, or equivalent are an advantage.
• Manager: Minimum 3 – 5 years of relevant AML/CFT/CPF & TFS experience.
• Practical knowledge of Malaysian AML/CFT/CPF & TFS regulatory requirements, particularly BNM guidelines and FATF standards.

Key Competencies

• Sound understanding of AML/CFT/CPF & TFS regulations and operational requirements.
• Strong analytical and investigative skills with attention to detail.
• Ability to provide clear, practical AML advisory to business and operations teams.
• Good stakeholder management and communication skills.
• Ability to work independently while collaborating effectively within a team.
• Strong documentation and reporting capabilities.