-Compliance Officer-

The incumbent will be the primary contact for the Malaysia Compliance function and will also have opportunities to take on compliance responsibilities of another country.

  • Ensure enforcement of compliance programs, review/approve all new product offerings from a regulatory/compliance perspective, monitor and communicate changes in regulations, to act as the primary contact for all external regulatory authorities.
  • Advice changes on the regulatory environment by providing impact analysis to the businesses concerned and holding meetings to address the impact
  • Provide support to business areas from time to time including KYC, OFAC, appropriateness and other internal & external requirements
  • Liaise with Regulators closely particularly during on and off-site examination. Also, to catch up with regulatory development e.g. corporate governance, fit and proper criteria, anti-money laundering, etc.
  • Review new products to confirm compliance with applicable regulations.
  • To closely liaise with the Asia Anti-money Laundering Compliance Officer on suspicious transactions, enhancing KYC requirements as well as ensuring adequate control on AML in place.
  • Attend management/board meeting and provide awareness on any potential compliance issues arising from market development and new regulatory requirements.
  • Provide support for all Asia Compliance Risk Management projects and initiatives including but not limited to compliance surveillance program and reports.
  • Requirements:

  • University degree with major in Finance / Accounting / Business/Law or related discipline, with an internationally recognized accounting qualification preferred
  • A minimum of 5 years’ solid compliance experience within a financial service company or a regulatory body
  • Thorough understanding of the banking ordinance and banking regulations and direct dealings with the Central Bank.
  • Interested candidates are encouraged to write-in or e-mail a detailed resume indicating your present and expected salary together with copies of your certificates and a photograph to:

    The Human Resource Manager
    P. O. Box 10950
    50730 Kuala Lumpur
    E-mail: malaysia.hr@bankofamerica.com