Intro: Job Overview

The AML Compliance Officer/Manager has the responsibility of managing and maintaining the organization’s obligations as it relates to the supervision and reporting of money laundering activities.

He/she will be responsible for designing, evaluating, supporting, and influencing a culture of compliance throughout the organization, as well as assisting in the management and execution of an efficient compliance monitoring program.

Anti-Money Laundering Compliance Officer/Manager Job Responsibilities

Responsibilities include but are not limited to:

  • Assist with the development and management of a compliance sign-off process for each department
  • Assist in the development of compliance initiatives and programs to comply with the respective legal, licensing, and regulatory obligations
  • Provide assistance in preparing for impending regulatory changes or revisions to licensing structure
  • Handle the management and execution of second line monitoring and assessment program for Anti-Money Laundering/Counter-Terrorism Financing (AML/CTF)
  • Improve and maintain AML/CTF policies and procedures
  • Ensure compliance with regulatory framework put in place by local and international stakeholders
  • Aid in the improvement of tools to monitor, analyze, and report suspicious activity
  • Handle file reviews of suspicious activity to ensure compliance with the policies and procedures put in place
  • Identify and inform of any changes to legislation and other regulatory requirements relating to AML/CTF

Anti-Money Laundering Compliance Officer Job Responsibilities
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  • Aid in the design, development, and implementation of a risk assessment framework to support all customer interactions
  • Provide oversight to the operational team, which acts as the first line monitors and investigators of suspicious activity
  • Ensure consistent and timely feedback on cases that have been escalated
  • Liaise with management to develop investigative strategies
  • Develop and participate in compliance programs and initiatives
  • Provide relevant compliance reporting to ensure the completion and proper analysis of suspicious activity reports that have been conducted
  • Ensure detailed and prompt investigation of all AML/CTF incidents and cases
  • Manage the resolution of cases through internal and external communications
  • Help with identifying any AML/CTF loopholes and coordinating projects to bridge those gaps
  • Maintain a proper register of all incidents reported internally and externally
  • Develop and execute face-to-face training for staff in various business units as required
  • Aid in general compliance awareness and refresher training

Reports to Whom

Generally, the Anti-Money Laundering Compliance Officer/Manager reports directly to the Chief Risk Officer.

Anti-Money Laundering Compliance Officer/Manager Qualifications

  • Degree in a law or business discipline
  • 3-5 years’ experience working in finance
  • Experience developing and implementing compliance programs
  • Team player with the ability to work unsupervised
  • Exceptional analytical and investigative skills
  • Strong project management skills
  • Experience in auditing a distinct advantage
  • Willingness to work on various compliance issues
  • Must be able to adapt to working in a fast-paced environment
  • Excellent verbal and written communication skills
  • Exceptional presentation skills
  • Strong organization skills and attention to detail        
  • Proficient in Microsoft Office Suite (Word, Excel, Project, PowerPoint)

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