Job Description

AML Specialist

Job Summary:
We are looking for a detail-oriented and experienced AML Specialist to join our compliance team. The successful candidate will be responsible for preventing and detecting financial crimes, such as money laundering and terrorist financing, by implementing and managing our anti-money laundering (AML) policies and procedures. This role requires a strong understanding of regulatory requirements, risk management, and data analysis to ensure the company complies with legal obligations.

Key Responsibilities:

• Review and analyze alerts generated from AML monitoring systems to detect suspicious transactions and activity.
• Conduct thorough investigations into flagged transactions, including gathering relevant documentation, conducting customer due diligence (CDD), and identifying potential risks.
• Perform CDD and EDD on new and existing customers, assessing risk profiles and ensuring compliance with KYC (Know Your Customer) requirements.
• Maintain accurate and up-to-date records on customers, including risk assessments, and document findings from investigations.
• Prepare and submit SARs or Suspicious Transaction Reports (STRs) to the relevant authorities within required timeframes.
• Ensure all SARs/STRs are accurate, well-documented, and include relevant information to support further investigation by authorities.
• Assist in the development, enhancement, and implementation of AML policies, procedures, and controls in line with regulatory requirements.
• Regularly review and update policies to ensure they reflect the latest regulatory changes and best practices in AML compliance.
• Participate in ongoing risk assessments and analyze AML-related risks within the organization's operations, customer base, and geographic locations.
• Work with internal stakeholders to implement risk mitigation strategies and support a culture of compliance.
• Conduct AML training sessions for employees across departments, ensuring they are aware of their responsibilities and obligations.
• Keep updated on the latest AML trends, regulations, and best practices, and share knowledge within the compliance team.
• Support internal and external audits of the AML program, providing requested documentation and responding to auditor inquiries.
• Prepare regular reports on AML activities, investigations, and compliance metrics for management review.

Qualifications:

• Bachelor's degree in Finance, Business, Law, or a related field.
• 3+ years of experience in AML, compliance, or financial crime prevention.
• Strong knowledge of AML regulations, FATF guidelines, and KYC principles.
• Proficiency with AML monitoring software and data analysis tools.
• Excellent analytical and investigative skills, with attention to detail and accuracy.
• Effective communication skills, both written and verbal.

Job Type: Full-time