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Vice President, Money Laundering Reporting Officer (MLRO), Malaysia

Job Description

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. 



Business Description


JPMorgan Chase Bank is a global leader in the financial services industry, offering intelligent solutions across comprehensive and cutting edge global product platforms.  You will be surrounded by smart, driven people like yourself, who in line with the highest standards of integrity, combine innovation and analysis to achieve industry leading results and recognition in accordance with the business principles fundamental to our success.
The JPMorgan Asia Global Financial Crimes Compliance Team is responsible for implementation and oversight of Anti-Money Laundering [“AML”] and sanctions initiatives for the firm's businesses in Asia. JPM is required to comply with US OFAC regulations and sanction programs of Asia regulators. Compliance teams work closely with business, legal, risk, and audit functions to provide expertise on regulatory compliance matters, assess and measure compliance and related risks, and monitor and test the adequacy of the firm's compliance control environment.


Purpose of Position

  • Overall responsibility for managing country AML risk through oversight of firm's AML/CFT Program
  • Provide local country advisory for AML, Anti-Bribery and Corruption and local Sanctions programs


Generic Responsibilities


  • Responsible for coordinating GFCC program execution within the country. 
  • Implement and ensure adherence to the BSA/AML and Sanctions Compliance requirements
  • Oversee the development of the firm’s recordation of local GFCC policies and standards and through governance, ensure formal  and appropriate review and approval is completed
  • Provide clarification, guidance and risk based solutions to the business on global and local policy interpretation
  • Act as primary point of contact with local regulators and law enforcement authorities for AML/CFT related matters in fulfilment of all AML/CFT regulatory requirements
  • Review local LOB procedures (CDD, Wire Transfers, Transaction Monitoring, Investigations, Regulatory reporting, Employee Screening, Record Keeping) and ensure in line with local AML policy 
  • AML/CFT Prevention through identification and ongoing analysis of risk associated with new products, services, processes, clients and geographies
  • Produce, review and act on any AML related management information as part of the firm's global/regional MIS reporting framework
  • Subject to local laws & regulations, work with GFCC Asia and location Compliance in the investigation of suspicious activity, and resultant reporting obligations
  • Partner with the Regional Office on global and regional initiatives
  • Partner with Line of Business and location Compliance Officers to ensure they understand the AML obligations for the business/location they support
  • Partner with the Regional GFCC Anti-Bribery and Corruption team in providing advisory on the Global Anti-Corruption policy to the business
  • Assist senior management to enhance and strengthen an AML compliance culture
  • Read into supervisory and enforcement actions relating to BSA/AML issues
  • Act as the primary point of escalation from respective employees/LOBs on matters relating to ML/TF and ensure that the information is kept secured and confidential
  • Communicate and create the awareness to all employees on the AML/CFT measures, including policies, control mechanism and the channel of reporting
  • Evaluate the ground for suspicion on all internally generated/escalated suspicious activity and ensure prompt submission of the suspicious transaction report to the regulator upon the determination of the suspicion
  • Responsible to conduct and document a full case investigations of referred by Location Alert Ops and to perform a 100% inspect and repair for all cases
  • Assist in the development, coordination and implementation of AML training and testing programs for the business
  • Deliver and track progress of both team and in-country AML training and testing programs to closure
  • Coordinate with relevant departments regarding regulatory AML inspections, visits and prudential meetings that affect the business
  • As part of post-exam management, monitor resolution status of all AML-related corrective actions and provide status update on both CSA and non-CSA items to Head of Asia GFCC
  • Manage jointly with LOBs any internal/external audits & reviews on the local AML Compliance program
  • Develop and maintain appropriate reporting channels and mechanisms to ensure Senior Compliance management are made aware of and appropriately consulted in a timely fashion on significant issues or developments related to the execution of in-country MLRO / AMLO duties, and updated on a periodic basis to the status and effectiveness of in-country AML program 
  • Participate in the local management committee meetings and maintain all the AML-related information/documents that are tabled and/or submitted to the committees
  • Review new business initiatives, products and services and address any emerging AML risks
  • Assess the MLRO and LOBs capacity to manage the AML risks
  • Partner with local management committee and respective LOBs for conducting Risk Assessments as required
  • Provide country LOB senior management with regular updates on key issues and emerging risks


  • Law / Accounting / Business / Finance Degree
  • Minimum 7-8yrs of relevant AML experience preferably with a global financial institution
  • Expert on both implementation and advisory in country AML/CFT requirements
  • Experience in regulatory investigations, exam and audit management
  • Meet the 'Fit and Proper' criteria relating to (a) probity, personal integrity and reputation; or (b) competency and capability


  • Meticulous
  • Strong management and leadership skills, including effective project management abilities
  • A solution driven approach, with exemplary problem solving skills
  • Excellent communication and organizational skills
  • Strong analytical ability and logical thinking
  • Independent decision maker, able to make time-sensitive assessments
  • Ability to work under pressure
  • Sufficient stature, authority and seniority to participate and able to effectively influence decision relating to AML/CFT
  • Knowledgeable and with the expertise to effectively discharge the roles and responsibilities, including being informed of the latest developments in ML/TF techniques and the AML/CFT measures undertaken by the industry
  • Sound knowledge of Local Regulations
Req #: 160033483
Location: Kuala Lumpur, 14 MY
Job Category: Compliance
Employment Type: Full Time
Potential Referral Amount: 6000 Malaysian Ringgit (MYR)

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