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Sovereign’s Capital
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Jobs

Associate, Financial Crime Compliance - Grab Financial GroupMalaysia

Grab

Grab

Accounting & Finance, Legal
Malaysia
Posted on Wednesday, September 6, 2023

Life at Grab
At Grab, every Grabber is guided by The Grab Way, which spells out our mission, how we believe we can achieve it, and our operating principles - the 4Hs: Heart, Hunger, Honour and Humility. These principles guide and help us make decisions as we work to create economic empowerment for the people of Southeast Asia.
 

Get to know the team

Grab’s Compliance and Government Relations team plays a strategic role in supporting the sustainable growth and operations of the largest FinTech in South-East Asia.  The team is led from Singapore and supplemented with in-country representatives in each core country market, providing coverage for Grab’s regulated entities and products. 

The team partners closely with the business to address regulatory issues and provide interpretive guidance to ensure compliance with current/developing regional regulations. The team also corresponds with regional regulators and proactively identifies opportunities to deepen relationships with key government stakeholders.

Get to know the job

This is a unique and dynamic role that taps on both compliance and stakeholder management skills, and which employs cutting edge digital technology to protect the business.

Your role will primarily focus on protecting the business across the region. The role will require you to have an understanding of the fundamentals of financial crime including AML / Sanctions  / CFT risk areas across the South-East Region. 

The Day-to-Day Activities:

  • You will be required to have the ability to apply regional regulatory requirements in a sound manner;

  • You will be required to review and test processes related to financial crime across the organisation by designing tests of controls. In addition, you will be required to provide suggestions on potential issues, mitigating factors and rationales;

  • You will be required to have an understanding of risks related to products / services / delivery channels that GFG engages in and provide advice on mitigants; 

  • You will be required to implement controls such as documentation of policies, procedures or and / or provide oversight into process implementations to ensure they are completed and held to a high standard; 

  • You will be required to support the Financial Crime Compliance team including Country Compliance Officers in conducting ad-hoc reviews and process improvement plans related to your focus area;

  • You will be required to document and escalate potential KYC / TM alerts / ODD issues to the Compliance team; 

  • You will be required to work and collaborate closely with various related business, product and risk units to implement applicable AML policies and procedures

  • You will be required to support the enforcement of governance and reporting of AML / CTF / Sanctions risk related issues for management meetings in a timely and accurate manner.

The Must-Haves:

  • Problem-solving, positive and constructive attitude is a must, as is a demonstrated willingness to be directly involved in operational/process matters to address issues quickly. 

  • Knowledge of e-money/payment systems regulations, with excellent familiarity in the area of Anti-Money Laundering controls. This includes hands-on experience designing operational flows to manage customers due to diligence /know-your-customer/ know-your-business/ suspicious transaction monitoring processes. Eligible candidates with ACAMS or other recognized certification will also be prioritized. 

  • At least 3-years of relevant experience, working in regulatory compliance or internal audit in a local financial institution. 

  • Highly qualified candidates with experience working for a financial regulator will be prioritized for assessment.  

  • Experience in drafting policy recommendation papers; or policies, procedures, and manuals.

  • Experience in liaising with financial regulators, responding to regulatory inquiries and surveys, and managing inspections.

  • Experience in stakeholder management at all levels, particularly senior stakeholders. 

  • Comfort in dealing with ambiguity and operating in a hyper-growth company.

Our Commitment

We recognize that with these individual attributes come different workplace challenges, and we will work with Grabbers to address them in our journey towards creating inclusion at Grab for all Grabbers.

Forward together

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Equal opportunity

Grab is an equal opportunity employer. We owe our success to the talents of our globally-diverse team and the varying perspectives they add to our thriving community.

Recruitment agencies

Grab does not accept unsolicited resumes sent by recruiting agencies. Please do not forward resumes to our job postings, Grab employees or other parts of the business. Grab will not be liable to pay any fees to agencies for candidates hired as a result of unrequested resumes.