Compliance & Risk Executive

Overview

KPay Group WP. Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia

Compliance & Risk Executive

KPay Group is a Financial Technology company that is expanding in the payments industry. This is a full-time role to join the Compliance & Risk team in Kuala Lumpur.

Responsibilities

• Conduct risk assessments, perform Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) on high-risk individuals / entities, including new and existing merchants, to identify risk levels and implement appropriate risk management strategies
• Attain and analyze customer data (e.g., identity documents, financial statements) to verify identity and perform name screening, assessing the level of risk posed by customers / merchants
• Review customer data for accuracy and completeness; follow up with customers to obtain additional information or documentation
• Develop and implement policies and procedures related to KYC and Anti-Money Laundering (AML) to remain compliant with relevant regulations
• Investigate and report any suspicious activity or potential money laundering to authorities and / or management
• Keep up to date with changes in regulations and industry best practices related to KYC and AML
• Provide training and education to employees on KYC and AML policies and procedures
• Develop and maintain an effective audit trail, documentation, and record keeping
• Serve as a point of contact for internal teams on questions or concerns related to KYC and AML

Requirements

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