Anti-Money Laundering Specialist

Job Title: Anti-Money Laundering Specialist

Description:

The Assistant Vice President of Anti-Money Laundering & CTF will lead and shape the direction of the AML and CTF efforts. This experienced leader sets the AML controls strategy, provides guidance on AML matters, and balances high-level operational execution with strategic development.

Duties and Responsibilities:

• Lead, mentor, and support the AML/CTF team to ensure high performance and professional development.
• Review and enhance the AML/CTF policy, ensuring effective implementation across the company.
• Oversee transaction monitoring systems, meticulously review all alerts and notifications, and ensure timely and accurate responses.
• Prepare for and assist in regulatory examinations and audits, ensuring compliance with applicable laws and guidelines.
• Analyze and make informed decisions on high-risk transactions, including processing, holding, or rejecting based on thorough risk assessments.
• File timely and accurate reports to the Financial Intelligence Unit (FIU) in cases of suspected money laundering or terrorist financing.
• Maintain detailed documentation of all AML processes and decisions to ensure transparency and compliance with regulatory standards.
• Collaborate with Compliance Leadership to identify and implement improved processes, systems, and technologies to enhance the efficiency and effectiveness of the AML framework.
• Stay current with industry developments by attending relevant training and conferences, particularly those focusing on fintech and financial crime prevention.
• Develop and maintain a risk assessment framework to proactively identify and manage areas of potential AML risk across the company's operations.
• Foster strong relationships with regulatory bodies and law enforcement agencies to enhance collaboration and compliance efforts.