AFEX is a trusted global payment and risk management solutions specialist with a heritage that dates back to 1979. We offer a comprehensive range of global payment and foreign exchange services, including foreign currency drafts, wire transfers, risk management tools with designated Account Executives. We can handle every aspect of a client’s foreign payment needs, from risk consultation to transaction execution.

ROLE:

This is an Asia Pacific regional compliance analyst role reporting to the Asia Pacific Compliance Manager.  This position will work with the Compliance Analysts in Australia and Indonesia to conduct new accounts onboarding activities, ongoing customer due diligence and support the regulatory compliance activities for PT AFEX Indonesia.

To review, approve and set up all prospective accounts by conducting onboarding and AML KYC procedures.  To review, monitor, investigate and approve client transactions.  To ensure all required client due diligence is completed in line with compliance manual and department policy.

RESPONSIBILITIES:

AML COMPLIANCE:

• Maintaining the Indonesian AML program, policy and procedures.
• Assist in the development, implementation and maintain policies and programs as per regulators and internal company policy requirements.
• Ensure all required policies, procedures and controls (relevant regulatory and corporate governance standards) are implemented and maintained on an ongoing basis.
• Assist in the development, implementation and maintain the relevant internal compliance manuals.
• Assist in the filing of regulatory reports in a timely manner.
• Assist in the maintenance of regulatory licences, renewals and ensure that the licence conditions are met.
• Monitor and review all compliance requirements as required under the relevant regulatory and corporate governance standards.
• Liaise with the regulators (Bank Indonesia, PPATK) and auditors. 
• Monitor compliance incidents and breaches on a regular basis, alerting and escalating all incidents to Compliance Manger as necessary;

AML OPERATIONS:

• Processing new accounts applications for prospective clients in adherence to team procedures and compliance manual for the APAC region.

• Complete due diligence checks on corporate entity and beneficial owners using third party electronic verification checks (passport & ID checks, verification, internet searches and address verification.

• As part of client due diligence complete a risk based assessment in line with team procedures and compliance manual including call-backs on all accounts not met face to face.

• Approve the setup of accounts in accordance with the compliance policies and procedures.

• Conduct enhanced due diligence for complex or high risk accounts and provide supporting documents to the APAC Compliance Manager for approval.

• Set up new account profile and information on CRM.

• Review, approve and set up affiliate accounts for sales group.

• Reject applications as appropriate or notify relevant salesperson when submitted documentation is not acceptable.

• Correspond with sales managers on any outstanding requirements and requests regarding pending or rejected applications.

• Prepare case files for review (e.g. media search results, copies of statements/checks, results from internal system searches, etc.);

• Complete regulatory reporting requirements. (SAR, STR, SMR, TTR, IFTI);

• Interact with Global Compliance Teams, Global Investigations and business sector concerning AML issues and processes and recommend relationship retention or termination, and track account closures as required

• Responsible for communicating with internal and external entities, members of the sales team and any other required business sector;

• Maintain current knowledge on AML and compliance legislation (Know Your Customer, Office of Foreign Asset Control (Sanctions) and Anti-Money Laundering); and

• Perform ad hoc assignments as assigned.

• Conduct investigations according to internal AFEX AML procedures and process.

• Conduct ongoing customer due diligence activities periodically, investigate account activities manage the case load efficiently and effectively.

• Conduct investigations as per the transaction monitoring rules as and when required.

• Investigate alerts and sanctions that arise on transactions and prospective and existing client’s accounts, checking against third party watch lists including OFAC, WorldCheck, FSA, Equifax, Dun and Brad Street, Risk Disk, Experian, Lexis Nexis Bridger and Eastnets.

• Handle general enquiries from sales team regarding changes to names, company contact details, authorised traders and other amendments to client accounts.

• Assist with responding to requests from law enforcement and outside agencies;

• Oversee the periodic update of files for existing customers.

• Maintain records according to regulatory requirements and policy.

• Handle closures of inactive non-trading accounts

• Assist Compliance Manager with administering the compliance training program, compliance monitoring and call monitoring, and administration of internal controls;

• Monitor compliance incidents and breaches on a regular basis, alerting and escalating all incidents to APAC Compliance Manger as necessary;

OTHER:

• Take direction from the senior management including the APAC Compliance Director, Chief Global Compliance Officer, or , Managing Director APACs in regard to the operation and maintenance of the company.
• Maintain company registration and lodge all company documents on time, including the preparation and translation of the annual business plan.
• Manage and maintain the company’s registered office in Indonesia and all official records.
• Interact with both internal and external stakeholders in the performance of your duties.
• In conjunction with the Regulatory team, assist in the maintenance of the Funds Transfer Operator Licence / PUKU licence with Bank Indonesia.
• Provide translation and advice on company documents.
• Ensure that the company is compliant with legal and regulatory requirements and meet with regulators as and when required.
• You will represent the company in meetings with external parties such as the banks as required and as directed.
• Assist in the general management and administration of the AFEX Indonesia legal entity.
• You are required to abide by the AFEX company policy at all times. Any concerns with regards to the ability to comply with the law should be escalated to the APAC Compliance Director.

Required Skills Required Experience

• 2-3 years compliance experience ideally from within financial services, Insurance or other regulated industries.
• English language proficiency, as well as Bahasa Indonesian.
• Previous exposure to Anti Money Laundering and Customer Due Diligence checks, transaction monitoring procedures.
• Knowledge of local Anti-Money Laundering Regulations.
• Compliance monitoring experience preferable, but not essential.
• Quantitative and qualitative analytical and problem solving skills;
• Strong multitasking and time management skills and the ability to prioritise work and manage workflow effectively
• Willingness to learn and embrace continuous improvement
• Ability to work under own initiative, exercising sound judgment in line with company values and policies with high attention to detail;
• Strong interpersonal skills, with the ability to establish relationships internally and externally;
• Ability to communicate and negotiate effectively with other AFEX colleagues in other offices and locations;
• Excellent written and verbal communication skills;
• Ability to manage varied expectations across several different departments;
• Ability to plan and manage multiple and competing priorities; and
• CAMS certified or equivalent preferred but not essential.

SKILLS AND ABILITIES: 

• Knowledge of construction skills including carpentry; reading blueprints; use of hand and power tools and possess a both a technical and mechanical aptitude.
• Customer-service oriented with good verbal and written communication skills.
• Knowledge/Familiarity with Microsoft Word/Outlook/Excel.
• Must be adaptable and have the flexibility to work effectively in a fast-paced environment with ability to coordinate several activities simultaneously.
• Self Starter / Able to work with minimal supervision.