Executive, Financial Crime Compliance Executive, Financial Crime Compliance …

in Kuala Lumpur, Malaysia
Permanent, Full time
Last application, 31 Oct 20
in Kuala Lumpur, Malaysia
Permanent, Full time
Last application, 31 Oct 20
Executive, Financial Crime Compliance
At Prudential, we understand that success comes from the talent and commitment of our people. Together, we have a shared vision in securing the future of our customers and our communities. We strive to build a business that you can shape, an inclusive workplace where everyone's ideas are valued and a culture where we can thrive together. Our people stay connected and tuned in to what's happening around us, keeping us ahead of the curve. While focused on the long-term, we look to the future to bring growth, development and benefit to everyone whose lives we touch.


Sanctions Screening - Alert review
  • Perform daily and monthly review of alerts generated by OWS system within the stipulated turnaround time.
  • Daily reconciliation on number of records being screened against source data.
  • Ensure prompt updates of manual data from respective Business Unit.
  • Follow-up with respective Business Unit to obtain additional information for verification.
  • Inform respective Business Unit on potential true match cases if it requires further due diligence within the same day.
  • Liaise with PCA IT Team on OWS System related issue and work out for solutions.

Transaction Monitoring/ Review
  • Review Suspicious Transaction Reports (STRs) escalated from Branches & Operation Team.
  • Prepare STRs write-up for reporting and ensure timely submission to Financial Intelligence Enforcement Department (FIED) of BNM.
  • Assist in delivering ad-hoc reviews as may be assigned from time to time.

Perform Screening for Names of Individual or Entities provided by Authorities
  • E-mail to the respective Business Functions to perform screening from customer database such as DMTM, Group Insurance, MRTA, SPMRTA etc.
  • Perform screening from core systems such as Open System and Integral Life.
  • Gather the requested information from Open System and Integral Life.
  • Gather the information provided by Business Functions and compile in the Reply Template provided by Authorities.
  • Reply to Authorities within the stipulated timeline.

Training & Awareness
  • Assist in conducting AML/CFT trainings to all staff or relevant Business Functions to refresh/improve their understanding on AML/CFT matters.

JOB SPECIFICATION (requirements)
  • Degree in Finance / Accounting / Business Administration or other related discipline.
  • 1 - 2 years related working experience; working knowledge in the area of Compliance or Auditing function would be an advantage.
  • Good command of English and Bahasa Malaysia.
  • Basic knowledge of insurance, banking, asset management or other related financial services operations.
  • Basic understanding of compliance principles and best ethical practices.
  • General understanding of regulatory guidelines governing the insurance industry or other related financial services.

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