Senior Associate, GWBPB - G&L - Account Management (SG) MY at CIMB Group

Job description

Assist Governance Team Leads to proactively drive risk and control initiatives to ensure sound process are in place to minimize AML/CFT risks and propose adequate controls in first line of defence for Private Banking Malaysia. Proactively support the Governance Team Leads in defining and setting the AML/CFT Framework, ensure continuous review and monitoring of practices and measures required ensuring potential operational and compliance risks are mitigated across the Business. This includes updating the internal master list kept by Governance. Responsible to constantly update internal record keeping and ensure the data is accurate for reporting purposes. The area of coverage would include Control Issue Management (CIM) and Loss Event Data (LED) To assist in database collation and undertake to digest and analyse large, complex volumes of information, tranform the data into statistics to keep Management updated on Private Banking overall state. To facilitate in preparation of slide decks for presentation to Management and any other required forum. Proactively disseminate reminders / information to the respective Business Units in order to create awareness to all Private Banking staff. Undertake role of analysing and review of transaction monitoring to identify unusual activities and initiating and reviewing unusual activities and where necessary undertake investigations with Governance Team Leads to ensure that the case sufficiently developed for reporting to Unit Head Governance. Assist Governance Team Leads for preparation of preliminary investigation reports on transactions and/or accounts inclusive of STRs and actively supports Group AMLA regulatory requests. Undertake to assist Governance Team Leads in addressing concerns and issues of internal stakeholders on AML related matters. Continuously assess adequacy of existing surveillance / monitoring model for AML, and assist to propose or provide feedback of new model with relevant parameters / thresholds to be in line with regulating requirements and perform user acceptance testing new models where applicable. Assist to facilitate regular and continuous independent stress tests for AML risks on Private Banking Malaysia nationwide in compliance with controls, laws, rules, standards and RCSAs. Facilitate the retrieval of all information which has been formally requested through Governance for the purpose of Regulators investigation/ internal investigations and requests are attended promptly and appropriately with sufficient guidance by the Team Leads. Facilitate Governance Team Leads to collate and review of pertinent documents and information relating to clients’ complaints (retrieval of information and documents and proposal for solutions). Responsible for the execution of Governance risk based independent Control Effectiveness Testing (CET) on periodic review as required by Group Risk. Responsible to obtain data from respective Units and facilitate in monitoring and reporting of Key Risk Indicators (KRIs) in SHARP system. Propose suitable process enhancements to Governance Team Leads for Private Banking to upgrade efficiency with proper assessment of possible risks in determining Private Banking’s risks appetite. To prepare monthly and/or quarterly reports to various stakeholders within the Bank and to externals on a timely basis. Regularly monitor the licensing status for Unit Trust License (FIMM) and Capital Markets Services Representative’s License (CMSRL) of unlicensed Private Bankers. Responsible in identifying and coordinating relevant training development for Private Bankers in relation to FIMM to fulfil CPD points and improve the knowledge and expertise of the sales force. Disseminate essential information to boost awareness and visibility of relevant training. Responsible to coordinate the registration and termination in relation to Unit Trust License (FIMM) for Private Bankers and undertake any other FIMM related matters. To coordinate and manage all administrative