About the job
Job Description
- AML/CFT Oversight:
- Develop, implement, and manage effective Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) local programs
- Conduct risk assessments and enhance controls to mitigate potential money laundering and fraud risks
- Oversee transaction monitoring activities and implement KYC processes, including Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)
- Draft, review, and submit Suspicious Activity Reports (SARs) to regulatory authorities, particularly the Indonesian Financial Transaction Reports and Analysis Center (PPATK)
- Regulatory Compliance:
- Stay informed about all relevant laws, regulations, and guidelines applicable to the payment services industry in Indonesia
- Ensure the company’s operations adhere to local and international regulatory requirements
- Establish and maintain strong relationships with regulatory bodies and authorities, with a focus on collaboration with the PPATK
- Reporting and Documentation:
- Draft and maintain a comprehensive reporting calendar for timely and accurate submission of reports to regulatory authorities, including the PPATK
- Prepare and submit reports related to transaction monitoring, KYC, and other compliance activities
- Maintain detailed documentation of compliance-related processes and activities
- Internal Collaboration:
- Work closely with various internal stakeholders, including Legal, Risk Management, and Operations, to ensure a cohesive and integrated approach to compliance
- Provide guidance and training to employees on transaction monitoring, KYC, and reporting matters
- Risk Management:
- Conduct regular risk assessments to identify and address potential compliance risks
- Develop and implement strategies to mitigate identified risks
- Audit and Monitoring:
- Coordinate and support internal and external audits related to compliance
- Monitor the effectiveness of compliance programs and make recommendations for improvements
What skills do I need?
- Bachelor’s degree in Law, Finance, Business, or a related field
- Proven experience (4 years) in Compliance and as MLRO in the financial services industry (with a focus on payment services preferred)
- In-depth knowledge of Indonesian financial regulations, AML/CFT laws, and regulatory reporting requirements
- Strong experience in transaction monitoring and KYC (CDD and EDD)
- Ability to draft and maintain a reporting calendar
- Strong communication and interpersonal skills, with the ability to translate complex regulatory information for different stakeholders
- Experience in building relationships with regulatory authorities, particularly the PPATK
- Excellent analytical and problem-solving abilities