Find Compliance Officer Opportunities in Malaysia

In Malaysia, a Compliance Officer plays a vital role in ensuring that organizations comply with legal and regulatory requirements. They develop and implement compliance frameworks, conduct risk assessments, and provide guidance to promote ethical behavior and risk mitigation within the company.

Exciting Fact: Malaysia has specific compliance regulations related to anti-money laundering and anti-corruption, including the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act and the Malaysian Anti-Corruption Commission Act. Compliance Officers in Malaysia contribute to combating financial crimes and corruption in the country.

The main duties of a Compliance Officer in Malaysia include conducting compliance assessments, internal audits, and investigations. They provide training and awareness programs to employees, monitor regulatory changes, and collaborate with internal stakeholders to address compliance gaps and ensure adherence to regulations such as the Personal Data Protection Act.

Key skills required for this role in Malaysia include a strong understanding of legal and regulatory frameworks, excellent communication and problem-solving skills, and knowledge of anti-money laundering and anti-corruption laws. A bachelor's degree in law, business, or a related field is often required, and certifications such as Certified Compliance Officer (CCO) can be beneficial.

Opportunities for Compliance Officers in Malaysia can be found in cities like Kuala Lumpur, Penang, and Johor Bahru, where many multinational corporations, financial institutions, and regulatory bodies have their presence. Industries such as banking, insurance, and manufacturing often seek skilled compliance professionals.

The expected salary range for Compliance Officers in Malaysia is between MYR 60,000 and MYR 120,000 per year, depending on experience, qualifications, and the size of the organization. The hourly rate can vary from MYR 30 to MYR 60.