PBTB | Executive – AML/CFT

Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

• Responsible for ensuring adherence and timely implementation of Anti-Money Laundering/Counter Financing of Terrorism (AML/CFT) policies, procedures and control measures
• Responsible for ensuring effective implementation of Prudential Group’s policies and standard on Financial & Economic sanctions

1. Effective high-risk customer review and provide guidance to employees on appropriate remediation action for higher risk customers

• Ensure policy & processes put in place remains relevant to identify high risk customers and on-going due diligence is conducted on the business relationship with higher risk customer.
• Identify high risk customers and conduct on-going due diligence on the business relationship with higher risk customer.
• Assist to review high risk customer
• Assist to tag/freeze and maintain high risk customer log
• Assist to clear High Risk Customer alerts within TAT (T + 2)
• Support PruBSN new business and on-going monitoring processing on daily basis and during month end.

2. Effective identification and monitoring of suspicious activities and transaction and to ensure the escalation of suspicious transactions is implemented effectively

• Review transaction monitoring report generated and submit STR to local authority for any suspicion found.
• Maintain STR log.

3. To ensure PruBSN comply with The Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001, BNM’s Anti-Money Laundering, Countering Financing of Terrorism, Countering Proliferation Financing and Targeted Financial Sanctions (TFS) for Financial Institutions (AML/CFT/CPF and TFS for FI), Group AML & Sanctions Policy and any other applicable law.

• Ensure that the appropriate AML/CFT procedures, including Customer due diligence (CDD), enhanced due diligence (EDD), record keeping, on-going due diligence, reporting of suspicious transactions and combating the financing of terrorism, are implemented effectively.

4. Ensure the filtering and screening system is effectively implemented, have put in place reasonable and appropriate measures to verity and confirm identity of customers, agents, vendors and employees.

• Prompt review of alerts generated in the AML Financial Crime Risk Management System.
• Ensure all alerts are close within TAT
• Assist to conduct screening for Online Channel, Vendor Screening, HR new staff screening and Panel Hospital Screening and other screening may require.
• Assist to prepare manual files according to standard template on monthly and daily basis or for screening.
• Prompt escalation of alerts which are fully match against the database.
• Maintain and updates alerts log on daily and monthly basis.
• Assist to solve any issues related to Financial Crime Risk Management System (delay files, inaccurate data, not tally etc) and ensure all files were properly screened.

5. Other Task:

1. Ensure for checking on bank order against customer database and revert the result within timeline. Also, perform any ad-hoc duties requested by Superior.

• Perform immediate trawling against internal database upon receipt of LEA order from regulators and provide all necessary information to Investigation Officer on name match if any. Maintain log and perform tagging in internal system if there is any match.

2. Assist in preparing report and any data required (Exco, BOD, Report to Group Compliance)

• Assist the PIC to prepare management report by providing necessary and accurate data as required.

3. Administer Computer Based AML/CFT training to all employees

• Closely monitor status for annual Compliance CBT after rolled out (annually)

4. Any ad-hoc duties requested by Superior Any ad-hoc duties requested by Superior

 

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.