Executive, Customer Due Diligence

2 days ago

Kuala Lumpur, Kuala Lumpur, Malaysia Techsap ASP Sdn Bhd Full time 42,000 - 63,000 per year

Job summary:

This role will assist in implementing and executing the organization's sanction screening and UBO identification processes. This role is integral to ensuring that the Company remains compliant with global sanctions, AML regulations, and UBO regulations. This role will work closely with the team leader to support daily operations, conduct investigations and ensure accurate documentation and reporting.

Job responsibility:

  1. Customer Sanction Screening

  2. Conduct daily sanction screenings (Level 1) of clients, transactions, and counterparties against global sanction lists (e.g., OFAC, EU, UN, local lists) using the organization's sanction screening software.

  3. Investigate and escalate potential matches ("hits") from the screening process to the Supervisor of Sanction Screening (Level 2) for further analysis.

  4. Perform periodic reviews of existing clients to ensure they remain in compliance with applicable sanctions regulations. Support the updating and maintenance of internal systems with the latest sanctions lists, ensuring real-time updates are reflected.

  5. UBO Screening and Compliance

Responsible in the identification and verification of Ultimate Beneficial Owners (UBOs) for new and existing clients as part of the company's KYC (Know Your Customer) process.

  • Gather and analyze ownership documentation, including corporate registries and other external sources, to verify UBO information.
  • Ensure accurate and up-to-date documentation of UBOs in the company's internal databases and compliance systems.

Assist in conducting enhanced due diligence (EDD) for clients with complex ownership structures, high-risk jurisdictions, or PEP (Politically Exposed Person) exposure.

  1. Compliance Reporting and Documentation

Maintain clear, organized records of all sanction screening activities and UBO verifications, ensuring compliance with internal policies and external regulatory requirements.

  • Prepare summary reports of screening outcomes, UBO investigations, and any compliance issues identified, to be reviewed by senior management.

Assist in preparing documentation for regulatory audits or internal compliance reviews related to sanction screening and UBO adherence.

  1. Team Support and Collaboration

Work closely with the team leader, providing support in implementing compliance initiatives and addressing complex cases.

  • Collaborate with other teams within the Compliance and Risk departments, including Legal, Operations, and IT, to ensure effective workflow integration.
  • Provide support during compliance audits and investigations by gathering rerequired documentation and data.

Job Type: Contract

Contract length: 12 months

Pay: Up to RM3,500.00 per month

Work Location: In person

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