Regulatory Counsel
- Kuala Lumpur
- Tetap
- Sepenuh masa
- Support the Head of Compliance Malaysia in carrying out the regulatory/compliance function of the Vistra's business in Malaysia.
- Maintain constructive and effective relationships with the businesses and assist Head of Compliance to interface with and support key business stakeholders
- Provide robust challenge to relevant business stakeholders where activities are outside regulatory/Group risk tolerance, escalating as necessary, until appropriate oversight and ownership is achieved, including action and plans to address any remedial action needed to come back within regulatory/Group risk tolerance
- Support the management of the regulatory relationship with the relevant regulators (i.e. Bank Negara Malaysia, Securities Commission and Labuan Financial Services Authority)
- Implement and administer anti-money laundering, countering financing of terrorism and counter proliferation financing (AML/CFT/CPF) policies and procedures to ensure compliance with applicable regulations, AML Act, subsidiary legislation and relevant instruments
- Conduct regular assessment of the AML/CFT/CPF mechanism such that it is effective and sufficient to address any change in ML/TF/PF trends
- Identification of ML/TF/PF risks associated with new products or services or risk arising from the business' operational changes, including the introduction of new technology and processes
- Advise the KYC team on the on-boarding of new clients, particularly for High and PEP risk clients
- Work with the business in the completion of any regulatory reporting (e.g. the Annual Data Compliance Report submission to BNM) before the stipulated deadline
- Conduct regular Institutional Risk Assessment
- Manage and address compliance escalations from the business
- Engage with stakeholders with regards to compliance/regulatory matters
- Facilitate internal and external audits
- Assist with compilation of data and preparation of reports for submission to Group Compliance
- Assist with regulators' queries and requests for information
- Carry out compliance/regulatory monitoring program to ensure that the business is conducted in accordance with Group and local policies and procedures
- Maintain risk registers (e.g. PEP, Other High Risk Clients, etc.), and review transactions of clients of various risk ratings
- Prepare, investigate, file and monitor STRs
- Deliver and track AML/CFT/CPF training to all staff
- Develop and recommend for approval by the relevant risk committee, appropriate compliance policies and procedures
- Keep Management up-to-date on new regulatory developments
- Promote the culture and practice of adherence to compliance standards (including conducting business within regulatory and Group requirements)
- Manage issues independently from end-to-end, updating Head of Compliance periodically
- Provide compliance/regulatory support and guidance to the business, including issues on PDPA, Outsourcing arrangements and Business Contingency Plans
- Ad hoc duties / projects as assigned by Compliance senior management
- At least 8 years' relevant work experience within the financial services industry
- Experience in a Reporting Institution carrying out Gazetted Activities (as defined by BNM) or with a Securities Commission or Labuan Financial Services Authority licensee would be an advantage
- Good written and oral communication skills in English
- Recognized University Degree
- Relevant AML/CFT certification or professional qualifications