AML Manager

The AML Manager will oversee the AML Team and its functions within the Sales and Business Development Department. This team handles tasks including AML and sanctions screening, client and beneficial ownership identification and verification, risk assessment, document verification for both new and existing clients, as well as transaction monitoring and reporting, and periodic reviews.

The AML manager will supervise multiple AML staff within the organization, ensuring that all team members perform at their best and follow the organization’s policies and procedures.


Governance:

• Implement AML-related policies, procedures and controls in line with regulatory requirements.
• Ensure the AML program is effectively integrated into the overall compliance framework of SBD.
• Supervise and manage the performance of the AML team members, ensuring they adhere to the organization’s policies and procedures.
• Provide regular feedback, coaching, and development opportunities to team members.
• Foster a collaborative and high-performing team environment.

Reporting:

• Prepare and submit Suspicious Transaction Reports (STR) to Risk and Compliance Department in a timely manner.
• Generate regular and ad-hoc reports for Senior Management
• Maintain accurate records of all AML-related activities.

Expert Advice:

• Serve as the Subject Matter Expert (SME) on AML-related issues within SBD, providing guidance to Business Units and Senior Management.
• Stay current with AML regulations, trends, and best practices to ensure the organization remains compliant.

Assurance:

• Conduct regular checks and reviews of AML processes to ensure effectiveness and compliance.
• Identify areas for improvement and implement corrective actions as necessary.
  Monitor the performance of AML systems and tools, ensuring they are functioning correctly and efficiently.

Transformation:

• Support AML-related projects, including system upgrades and process enhancements.
• Drive continuous improvement initiatives to streamline and optimize AML operations.

Education and Training:

• Develop and deliver AML training programs for members of SBD and of the AML Team in coordination with the Risk and Compliance Division.
• Ensure staff are aware of their AML responsibilities and are equipped with the knowledge to identify and report suspicious activities.
• Promote a culture of AML compliance and awareness throughout SBD.

Risk Support:

• Conduct risk assessments to identify and evaluate potential AML risks within SBD.
• Support the development and implementation of AML risk mitigation strategies and controls.
• Provide support and guidance in managing AML-related risks.
  

Minimum Job Requirements:

• Bachelors Degree in Finance, Business, or related courses
• At least 2 years of experience in handling AML/CDD requirements and financial crimes prevention, analysis, and reporting of money laundering, terrorism financing, and bribery and corruption in a financial institution or consulting firms with focus on financial services
• Knowledge in financial crime operating model design and implementation.
• Risk management experience with proven ability to effectively apply AML risk principles to challenging business situations
• Previous experience in Nice Actimize (or similar product), and any banking or insurance AML Systems/Transaction Monitoring System
  

Certifications/Licenses:

• Desirable - Certified Anti-Money Laundering Specialist
• Desirable - Received data analytics training or has attended data analytics certificate programs

Special skills:

• Knowledge of global financial crime compliance with regulation in different countries.
• Highly collaborative work style and the ability to partner with staff at all levels of the business.
• Strong written and verbal communication skills, and experience managing relationships with stakeholders.
• Adaptable and comfortable working in areas of significant ambiguity.
• Excellent time management skills and ability to work with strict deadlines.
• Knowledge of financial crime regulations, client onboarding and/or client life-cycle management.
• Exceptional presentation skills
• Excellent influencing and problem resolution skills
• Must be comfortable in delivering messages across a wide spectrum of individuals having varying degrees of AML understanding.