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Associate Manager, Partner Due Diligence and Review

NEW
location

Kuala Lumpur, Malaysia

permanent

Permanent

Duties & Responsibilities

  • Key Responsibilities
  • 1. Due Diligence & Onboarding Coordination
  • Act as the primary liaison with external counterparties to coordinate and exchange due diligence documentation.
  • Provide end-to-end support throughout the onboarding process, ensuring timely completion of due diligence activities in accordance with internal SOPs.
  • 2. Foreign Bank Account Opening Support
  • Collaborate with internal stakeholders—including Operations, Finance, Legal, and Product teams—during the process of opening foreign settlement bank accounts.
  • Ensure all compliance-related requirements are adequately addressed as part of the bank onboarding workflow.
  • 3. Regulatory Requirements Review & Advisory
  • Review regulatory AML, statistical reporting, and PDPA-related requirements embedded in API specification documents.
  • Provide clear, practical compliance advisory to internal teams to ensure alignment with applicable guidelines and risk controls.
  • 4. Contractual Compliance Review
  • Review regulatory compliance clauses in remittance service agreements.
  • Ensure that all compliance-related provisions are consistent with Bank Negara Malaysia (BNM) regulations and other relevant supervisory authorities’ guidelines.
  • 5. Periodic Reviews of Remittance Partners
  • Conduct bilateral periodic reviews of existing remittance partners as guided by the SOP.
  • Assess ongoing compliance alignment and escalate issues as necessary.

Requirements

  • A detail-oriented and proactive Compliance Senior Associate to support and enhance our compliance functions in line with regulatory expectations and industry best practices. This role will be instrumental in managing due diligence activities, supporting foreign bank account onboarding, reviewing regulatory and contractual requirements, and ensuring ongoing adherence to BNM and other supervisory guidelines.
  • Qualifications & Requirements
  • Essential
  • Bachelor’s degree in law, finance, business, economics, accounting, or related field.
  • At least 2–4 years of experience in compliance, risk management, financial services, or fintech.
  • Strong understanding of AML/CFT requirements, BNM regulations, and PDPA obligations.
  • Excellent communication and stakeholder management skills.
  • close attention to detail with strong analytical and problem-solving capabilities.
  • Preferred
  • Experience in remittance, payments, or cross-border money transfer operations.
  • Familiarity with API documentation and technology-driven regulatory controls.
  • Prior involvement in conducting due diligence or partner assessments.
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