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Malaysia Sanctions, Governance and Exam Management Officer

Malaysia Sanctions, Governance and Exam Management Officer
Kuala Lumpur   KL City
Full Time   Law / Legal

Post24 Apr2020
Expiry23 Jun2020

Job Information

Position : Malaysia Sanctions, Governance and Exam Management Officer
Company : CITI
Contract : Full Time

Salary : Undisclose

Location : KL City, Kuala Lumpur
Postcode :

Posting Date : 24 Apr 2020
Closing Date : 23 Jun 2020

Academic Qualification :
Language Requirement : No

Job Description

Job Responsibility
  • Oversee and coordinate Sanctions, compliance requirement and information updates/expert advice and feedback to the business.
  • Enforces the Global Sanctions Policy and associated procedures for Citi Malaysia
  • Provides sanctions compliance advice, including with respect to potential issues, Sanctioned Designated National (SDN) matches, products/services, as well as sanctions risk with respect to transactions and customers/relationships
  • Assists in the review and documentation of policies and guidance to address changes in regulatory requirements and expectations
  • Coordinates and oversees Sanctions Compliance escalations from the Malaysia businesses/hubs
  • Coordinates investigations and information/document gathering efforts for sanctions-related investigations
  • Works with Regional & Global Compliance teams in connection with investigation-related and other communications with local sanctions authorities and Office of Foreign Assets Control (OFAC), as appropriate
  • Reviews and escalates significant sanctions issues and activities to senior business and Compliance staff in the region, as well as Global Sanctions Compliance seniors
  • Advises on new products and services for sanctions risk, in coordination with the respective regional product and operations teams
  • Understands and monitors legal and regulatory developments through various methods to provide up-to-date knowledge and expertise on the environment relevant to sanctions compliance
  • Liaises with local regulators and Internal Audit/Compliance Testing staff for sanctions matters, as appropriate
  • Develops and conducts sanctions training in coordination with sanctions corporate training
  • Prepare Governance Decks for AML & Sanctions Governance & Business Risk Committee, Board of Directors Update and other governance meetings
  • Perform review on name screening escalation to Compliance, and provide advisory to business related to this process
  • Quarterly Screening List Management attestations
  • Exam Management for any Internal or External audits to ensure all the deliverables are provided to the respective reviewers
  • Leading any other technology initiatives impacting AML. Transaction Monitoring projects, attending to Issue Management & Resolution (IMR) impacting the country, participating in optimization, segmentation and other monitoring related initiatives
  • Provide guidance and coaching to new and junior staff
  • Implement and/or provide oversight of Manager's Control Assessment at country level.
  • Lead ad-hoc projects and provide appropriate guidance to members of the project teams.
  • Responsible for communicating with senior managers, members of the Business and other Citigroup AML monitoring units to ensure findings are incorporated in all aspects of the AML control program.
  • Conduct Quality Assurance reviews of case files, case tracking logs and various AML processes.

Job Requirements
  • 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.

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