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Officer, AML Compliance, Malaysia, 19279

at Western Union
Location Kuala Lumpur, Malaysia
Date Posted February 9, 2018
Category Accounting/Finance Jobs
Job Type Full-time


Opportunity for an Officer, AML Compliance, Malaysia
We’re seeking an Officer, AML Compliance, to join our team in our Kuala Lumpur, Malaysia office. As an Officer, you will provide AML Compliance support to Western Union and its affiliates to build programs in compliance with anti-money laundering laws as they apply to Money Services Businesses in the assigned country(s).
Sound interesting? Here are some specifics:
  • You will support agents' efforts to comply with company policies and procedures as they relate to anti-money laundering
  • Evaluate internal controls and anti-money laundering compliance programs for agents through transaction analyses, compliance reviews and training sessions
  • Responsible to follow up with agents concerning review findings and communication of assessments to country management for Western Union or its affiliate
  • Responsible for regulatory submissions and reporting processes which needs to be done on a timely basis
  • Responsible for building relationships with other internal departments to meet AML Compliance goals
  • You will resent AML Compliance on project teams as requested.
What you will need to succeed:
  • Overall work experience of not less than 7 or 8 years, with at least 3 - 5 years of relevant experience within Malaysia handling compliance issues relating to anti-money laundering acts and related laws / regulations, preferably in a complex retail / consumer financial services / payment services organizations with multiple financial products, OR a regulatory agency or law firm involving payment services.
  • Strong experience interacting with senior management or regulatory agencies, and the ability to work autonomously.
  • At least 3 - 5 years of relevant experience in handling AML Compliance in Malaysia
  • At least 3 years of relevant experience in a management / supervisory position with multiple direct reports
  • Bachelor's degree or equivalent experience required – Master’s degree preferred
  • Understanding of retail/commercial financial products / services and the global capability of such products / services
  • Understanding of anti-money laundering regulations within the banking/financial services industry.
  • At least 3 - 5 years of relevant experience in any of the following: anti-money laundering compliance, general compliance and / or risk based compliance, yielding a comprehensive understanding of technology and best practices in the compliance field
  • Proven track record of complex problem solving and decision-making ability
  • Ability to build and enforce programs and policies with the intent of meeting KYA and KYC requirements Strong analytical skills
  • Effective leader and team player
  • Must be a strong, decisive, bottom-line and action-oriented manager of people and projects, who can obtain results
  • Effective communicator, orally and in writing
What will make you stand out:
1. Strong knowledge of applicable compliance issues and requirements
  • Basic understanding of payments products, services, and operations (or equivalent in other financial services organizations)
  • Strong knowledge of anti-money laundering and counter terrorist financing regulations and regulatory developments
  • Keeps abreast of changes in anti-money laundering and regulatory policies
  • Able to provide regulatory outreach and build relationships with agents, regulators and law enforcement officials where applicable.
2. Leadership
  • Can provide leadership to a team of people charged with a task
  • Able to effectively manage a staff
  • Strong, decisive, bottom-line and action-oriented manager
  • Effective communicator on both an individual and group level, and both orally and written
3. Team player
  • Has a global mindset and can build relationships across cultures
  • Works effectively with others to identify and resolve issues
  • Effectively motivates to achieve common goals. Builds self confidence in others
  • Shares information and keeps team members and supervisors informed
4. Strategic Thinking and Planning
  • Strong analytical skills
  • Understanding of technology and best practices in the compliance field
5. Technical
  • Familiarity with Microsoft applications, including Word, Excel or other database applications
  • Written and spoken fluency in English required. -Fluency in a second language preferred
What’s in it for you?
  • Competitive global pay and benefits
  • Unparalleled experience as part of one of the most advanced compliance teams in the world, with opportunities to build valuable skills and grow your career
  • Diverse, global team with colleagues in over 50 countries
What it’s like here:
Western Union (WU) is a company on the move! We believe that when money moves, better things can happen. From small businesses and global corporations, to families near and far, or NGO’s in the most remote communities on Earth, WU helps people and business move money globally. We have a rich legacy of innovation, and are continuing to develop new and more convenient ways for our customers to send and receive money through digital, mobile and retail channels. We have a combined digital and retail network that spans over 200 countries and territories. Some companies specialize in cash-based retail money transfer and others play only in digital. We are leaders in both!  
Being on the Western Union team means being tenacious and goal-oriented. It means taking risks and quickly finding the path to success. It means having integrity, and finding ways to make things work. It means thriving as part of a diverse, global team of over 10,000 people who are committed to moving money for better. It means being driven to win, and to do work that makes a difference… on a global stage. Sound like you? Apply now!
Inclusion and diversity are fundamental to our culture and success. Achieving our common vision depends on people with diverse backgrounds working together. Who knows; your unique point of view could be the key to our next groundbreaking idea. We’d love to explore that possibility!
Western Union is proud to be an Equal Opportunity-Affirmative Action Employer. The company will provide accommodation to applicants, including applicants with disabilities, during the recruitment process, in accordance with applicable laws. We are committed to equal employment opportunity regardless of race, color, religion, sex (including pregnancy or related medical conditions), national origin, veteran status, sexual orientation, gender identity, age, disability, marital status or another protected category.
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