AML Risk Advisory Specialist

The AML Risk Advisory Specialist serves as a core subject matter expert within the Second Line of Defence (2LoD), providing dedicated risk-based guidance on Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), Countering Proliferation Financing (CPF), and Targeted Financial Sanctions (TFS). This position is responsible for analyzing complex risk parameters, evaluating high-risk customer profiles, and advising business lines on effective risk mitigation strategies. This role reports directly to the Financial Crime Risk Lead , who reports to the Chief Risk Officer (CRO) . Key Responsibilities Risk Advisory & Case Governance High-Risk Onboarding & Reviews: Conduct technical risk assessments and support analysis for sign-off for High-Risk Customers (HRC) , Politically Exposed Persons (PEPs) , and structurally complex legal entities or trusts. Escalation & Parameter Management: Analyze complex escalations involving Sanctions screening, adverse media, and material negative news, establishing clear risk recommendations for Business Units (BUs). Onboarding Risk: Evaluate risk parameters and dictate control expectations for customer onboarding, electronic Know Your Customer (e-KYC) variations, and digital channels. Monitoring and Reviews: Perform vendor name screening reviews, STR approvals Analytics – Work with Operations and Intelligence PICs to introduce / review monitoring scenario / rules, including testing. Product, Channel, & Third-Party Assessments New Product Approvals (NPA): Review and evaluate AML/CFT/CPF risks for all new product launches, digital deployment channels, and payment modifications prior to market release. Outsourcing & Third-Party Due Diligence: Perform independent risk assessment reviews and due diligence on third-party service providers, agents, and outsourced operational functions. Other Assessments: Review or perform Periodic/adhoc assessments, depending on the needs and requirements. AML Systems and Thresholds Maintenance AML Module - Screening, Transaction Monitoring- Work with vendors and internal engineers on configurations in UAT and production environments, implementation and deployment of changes, perform testings and validations together with ops and intelligence team. Testing, Governance, & Reporting Regulatory Liaison Support: Support the Financial Crime Risk Lead during inspections, audits, and inquiries conducted by Bank Negara Malaysia (BNM) or other local statutory bodies. Assurance Testing & Monitoring (CTM): Plan and execute periodic, targeted 2LoD assurance testing programs to verify that First Line of Defence (1LoD) financial crime controls function optimally. Enterprise Risk Assessments: Provide data, analytics, and risk insights to drive the annual Enterprise-Wide Risk Assessment (EWRA) and compile recurring Management Information (MI) reports for risk committees. Committee support: - Secretariat to FRAML Committee, FCR main contact for all management and…