AML Officer

Responsibilities:

• Coordinate with external vendors for the internal annual AML audit, providing relevant documentation from all business lines to facilitate the audit process.

• Assist the Chief Compliance Officer in responding to inquiry letters and preparing Suspicious Activity Reports (SARs) as needed.

• Conduct research and provide guidance on new business models or account requests to ensure compliance with regulatory standards and internal policies.

• Manage the Bi-Weekly Financial Crimes Enforcement Network (FinCEN) file download and distribution process to the New Accounts Team, ensuring timely and accurate dissemination of information.

• Introduce and manage a Periodic Know Your Customer Review Program, including the development of templates and best execution procedures to enhance customer due diligence processes.

• Review Risk Ratings for new customers and assign internal AML Risk Ratings based on established criteria and guidelines.

• Collect and maintain records of Foreign Bank Certifications from Corresponding Clients, as well as AML Certifications/Wolfsberg Principal letters, ensuring compliance with regulatory requirements.

• Implement and conduct AML Compliance Training sessions for all employees, as well as update the Annual Compliance Training program for the firm to ensure ongoing compliance awareness.

Qualifications:

• 6 years of experience in a similar compliance role within the financial services industry.
• In-depth knowledge of AML and KYC regulations and best practices.
• Strong analytical skills with the ability to interpret complex regulatory requirements.
• Excellent communication and interpersonal skills.
• Detail-oriented with the ability to manage multiple tasks simultaneously.
• Professional certification (e.g., CAMS, CRCM) is preferred.