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KYC Due Diligence Manager

KYC Due Diligence Manager

Bank of China (M) BerhadKuala Lumpur, Kuala Lumpur, Malaysia
2 days ago
Job description

The AML / KYC Specialist is responsible for conducting customer due diligence (CDD), enhanced due diligence (EDD), and ongoing monitoring to ensure the bank’s compliance with Anti‑Money Laundering (AML), Counter Financing of Terrorism (CFT), and Know Your Customer (KYC) regulations. The role ensures adherence to Bank Negara Malaysia (BNM) requirements and internal compliance standards to mitigate financial crime risks.

Key Responsibilities :

  • Monitor the implementation of overall AML compliance program as mandated.
  • Oversee the identification and assessment of AML risk, in particular CDD, within the Bank.
  • Conduct CDD and EDD reviews for new and existing customers in accordance with regulatory requirements and internal policies.
  • Verify customer identity, understand business relationships, and assess source of funds / wealth as part of onboarding and periodic reviews.
  • Perform name screening against sanctions, PEP, and adverse news.
  • Support the timely review and approval of high-risk customer onboarding and periodic review files.
  • Liaise with front‑line business units to resolve KYC documentation deficiencies and ensure completeness and accuracy.
  • Monitor customer transactions to identify suspicious patterns and support the preparation of STRs (Suspicious Transaction Reports).
  • Maintain proper documentation and audit trail for all AML / CFT‑related activities.
  • Assist in compliance testing, regulatory reporting, and internal audits related to AML / CFT controls.
  • Contribute to policy and procedure updates to align with the BNM AML / CFT Policy Document and other relevant guidelines.
  • Participate in AML‑related training, awareness programs, and periodic compliance initiatives.
  • Provide timely updates to Head of AML on potential CDD issues and risk assessment.
  • Provide advisory and guidance to business and operation units on the interpretation of AML regulatory requirements and implementation of internal policies and procedures for the management of CDD relevant to the respective business and operation units to ensure alignment to all regulatory requirements.

Job Requirements :

Education / Professional Qualifications :

  • Recognized Degree in Finance, Accounting, Business Administration, Economics or its equivalent.
  • Certification / Advanced Certification in AML / CFT will be an added advantage.
  • At least 4 years relevant experience with strong knowledge of banking regulatory environment and regulations.
  • In depth understanding of industry trends, products, relevant laws and regulations.
  • Familiar with banking operations / procedures and systems to be able to assess and evaluate its’ adequacy in the managing and mitigating compliance risks.
  • Possess AML experience or with either audit / risk / compliance experience.

    • Knowledge / Tools / Skills :

  • Good knowledge of AML regulatory requirements.

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