Executive, Quality Assurance

Executive, Quality Assurance

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JOB PURPOSE

• To assist Group Head of AML/CFT in performing effective oversight of AML/CFT compliance at Affin Bank Bhd (ABB) and Affin Islamic Bank (AiBB).
• Focusing on the quality assurance review on AML alerts, Implementation of AML/CFT/CPF Institutional Risk Assessment and Preparation of BNM Data Compliance Reporting.

ACCOUNTABILITIES

• Responsible for analyzing, investigating, and auditing cases (non-staff) via AML system submitted by Transaction Monitoring (TM) in FIU Unit and ensure overall quality, accuracy and compliance with TM process and procedures.
• Responsible for ensuring accuracy, completeness, identifying areas for improvement and analyzing cases (non-staff) submitted by Transaction Reporting (TRU) in FIU Unit.
• Ensure that STRs are filled promptly and comply with the relevant regulatory guidelines and internal standards.
• Collaborate closely with FIU to streamline and enhance case investigations. Provide constructive feedback for better quality of non-suspicious and suspicious transaction reporting.
• Uphold the highest level of confidence through the QA process by disclosing only relevant information to key stakeholders.
• Ensure the implementation and execution of bank-wide ML/TF/PF Risk Assessment according to the approved plan including risk assessment reviews, follow ups on service request (“SR”) form and validation & attestation reviews from stakeholders such as business units and branches.
• Prepare and review periodic consolidated reports and ad-hoc reviews with accuracy and integrity, ensuring they are completed in a timely manner and in accordance with policies, procedures, regulatory requirements, and best practice.
• Track audit issues raised by BNM and Group Internal Audit, regularly maintain and review the tracking list on AML/CFT Quality Assurance Review & Risk Assessment findings, follow up on remedial actions until closure, and prepare and review periodic consolidated reports for Head of AML/CFT and Group Chief Compliance Officer.
• Provide relevant training and support to staff in the team and other relevant stakeholders.
• Ensure the updating of internal policies, guidelines and procedures related to AML/CFT Quality Assurance & Risk Assessment in meeting changing AML/CFT regulatory requirements.
• To undertake any other duties as assigned by Unit Head and Head of AML/CFT.

JOB REQUIREMENTS

• Bachelor’s Degree/Professional qualification in Finance, Accounting, Business, Economics, or its related discipline.
• Professional AML/CFT certification e.g. CAMCO, ICA, ACAMS.
• 1-3 years of experience in Alerts Management or AML investigations.
• Working knowledge of Level 1 & 2 of Transaction Monitoring processes.
• Working knowledge of Level 3 of Suspicious Transaction Reporting processes.
• Expertise may also include: Audit, Control, Risk and Fraud.
• Working knowledge on AML, Finance statutes and governing bodies and their application to the supported products/business lines.
• Knowledgeable in the Bank’s policies and procedures, including areas under FSA/IFSA, ABM, and AMLA rules and regulations.
• Advanced knowledge of the banking products, processes, and financial system.
• Strong research, analytical and comprehension skills, with ability to analyze large amount of data.
• Proven ability identifying issues/defects and recommending solutions.
• Demonstrated experience adhering to controls and compliance standards.
• Strong communication skills including written, verbal and interpersonal.
• Intermediate level skills working with the MS Office suite of tools.