AML Lead

at  Tabby

DESCRIPTION

You will be responsible for overseeing and implementing the company’s AML program. This includes implementing and maintaining policies and procedures to ensure compliance with Anti-money laundering laws and regulations. You will collaborate with cross-functional teams, conduct risk assessments, and lead efforts to detect and prevent money laundering and terrorism financing activities.

SKILLS, KNOWLEDGE & EXPERTISE

• Bachelor’s degree in finance, Law, or equivalent experience
• Several years of experience in AML compliance
• In-depth knowledge of AML regulations and best practices
• Strong analytical and investigative skills
• Excellent communication and interpersonal skills
• CAMS, CCO, and financial crimes professional certification are a plus.
  Job ID 2f60a7ec-d85e-4e3f-a936-e580c98b0403

• Regularly review and update AML policies, procedures, and controls.
• Conduct risk assessments to identify and evaluate potential money laundering risks associated with the company’s products, services, and customer base.
• Develop plans and controls to mitigate identified money laundering risks.
• Support business divisions and act as focal point on AML requirements.
• Develop and enforce robust customer due diligence procedures to verify the identity of customers and assess the risk associated with their transactions.
• Establish and maintain risk-based customer profiles.
• Ensure Company’s business divisions have appropriate controls to mitigate ML-TF risks, KYC, annual review of high-risk customers, etc.
• Identify status of Company’s ML-TF risk, deficiencies, significant issues, required controls, reporting requirements.
• Implement and maintain an effective AML program in accordance with regulatory requirements and industry best practices.
• Oversee transaction monitoring systems to detect and investigate suspicious activities.
• Investigate alerts generated on the transactions monitoring system and sanctions screening systems.
• Work closely with the technology team to maintain and enhance the AML systems including implementations, enhancements, fine tunings etc.
• Prepare and submit required AML reports.
• Lead investigations into generated alerts, suspicious activities, working closely with internal teams and external authorities as necessary.
• Ensure all products, services, clients, transactions are within the scope of ML-TF-KYC systems and procedures.
• Draft STRs on suspicious customer cases.
• Provide ongoing AML training to employees to ensure a strong awareness of AML regulations and requirements.
• Stay updated on changes in AML laws and regulations, ensuring the company’s ongoing compliance.
• Any other assignment as entrusted by head of compliance.
• Maintain confidentiality of information.