Job Summary
* We are seeking a highly skilled professional to join our team as an AML Compliance Specialist.
About the Role
* This position plays a vital role in ensuring compliance with regulations and policies.
* You will be responsible for implementing and executing AML testing programs, participating in assurance reviews, and reporting on test findings.
* The successful candidate will have excellent analytical skills, attention to detail, and strong communication abilities.
Key Responsibilities
* Implement and execute AML testing programs to ensure compliance with regulations.
* Participate in the planning, execution, and reporting of AML assurance reviews and regulatory issue validation.
* Perform qualitative risk-based testing on first and second lines of defense by reviewing key AML control points.
* Present initial test findings to control owners and senior management.
* Produce reports for control owners and senior management based on test findings.
* Develop corrective action and management information reports for control owners.
* Conduct timely follow-ups on pending issues to ensure quick resolutions.
* Participate in the planning, execution, and reporting of AML assurance reviews.
* Carry out AML and regulatory issue validation activities according to the Assurance Testing Plan.
* Assist in developing and enhancing Assurance Testing Methodologies and Standards.
* Utilize innovative AML testing solutions including data analytics to reduce costs.
* Coordinate QA/Testing reviews under the guidance of the AML Assurance/QA Manager.
* Assist in producing AML Quality Assurance review metrics and distribute to stakeholders.
* Update and monitor issues identified for remediation using tracking tools.
* Demonstrate intermediate knowledge of Oracle SQL to retrieve, filter, and present information from Oracle databases.
Requirements
* At least 2+ years' experience in Anti-Money Laundering compliance.
* Experience in KYC/customer due diligence reviews, transaction monitoring, financial crime investigations, and anti-fraud.
* Audit experience within the financial sector is beneficial.
* Bachelor's degree in Law, Business, Finance, or Accounting, or Certified Anti-Money Laundering Specialist (CAMS) or similar ICA Diploma.
* Sound knowledge of European and UK regulations and ability to stay current on AML developments.
Preferred Qualifications
* Proficiency in MS Excel, Word, Outlook, and PowerPoint.
* Efficient working with large data sets in excel or other proprietary databases.
* Strong attention to detail.
Working Conditions
* Work in a fast-paced environment with multiple priorities and deadlines.
* Interact with internal and external stakeholders at various levels.