Key Job Responsibilities:
• Team Leadership & Oversight Lead and manage the AML/KYC team to ensure efficient processing of AML/KYC assessments and reviews related to account openings and maintenance, provide subject matter expertise in assessing the risk of complex client structures, beneficial ownership, and other high-risk factors, and meet established deadlines.
• Documentation & Compliance Management Oversee the tracking and management of pending AML/KYC documentation for investor accounts and fund promoters, ensuring all documentation is provided on time and meets regulatory standards.
• High-Risk Enhanced Due Diligence (EDD): Manage/ support the EDD process for high-risk clients, investors, and counterparties, ensuring all risk factors are appropriately assessed and mitigated.
• PEP, Sanction, and Negative Media Screening Ensure screening for Politically Exposed Persons (PEPs), sanctions lists, and negative media, and actioning screening results.
• Transaction Monitoring: monitoring financial transactions for suspicious or unusual activity, and investigations into flagged transactions.
• Query Management: Supervise the resolution of AML-related inquiries from clients and investors, ensuring responses are timely, accurate, and in line with compliance requirements.
• Reporting & Analysis: Direct the preparation, review, and maintenance of AML reports, ensuring they are accurate and delivered to clients and investors within the required timeframes.
• Regulatory Compliance: Ensure that team procedures are continuously updated to stay in line with the latest AML/KYC regulations, financial crime prevention policies, and client-specific requirements.
• A udit & Review Support: Lead the preparation and participation in AML reviews and audits, ensuring that all regulatory and client requirements are met and providing support throughout the audit process.
• Process Improvement: Drive initiatives to improve team processes, enhance efficiency, and maintain high standards of compliance and risk management.
• Training Participate in developing training material and provide training to team members within the department (including new hires).
Desired Skills:
• Extensive AML Knowledge In-depth understanding of AML regulations, laws, and industry best practices, both locally and internationally.
• Management Experience: Proven experience in managing or leading teams within compliance, AML, or a related field, with a focus on process optimization and staff development.
• Regulatory Expertise Strong familiarity with AML/KYC compliance requirements, financial crime prevention practices, and how they apply to transfer agency operations.
• Collaboration & Leadership: Ability to work cross-functionally with various departments and lead a team effectively, fostering a cooperative and compliance-driven environment.
• Organizational Skills Highly organized, proactive, with excellent time-management skills and the ability to manage multiple priorities in a fast-paced environment.
Additional Skills:
• Exceptional communication skills, with the ability to manage and engage various stakeholders at all levels.
• Strong decision-making capabilities and the ability to drive change within a compliance framework.
• Ability to mentor and guide team members while managing performance and professional development.
• A proactive approach to problem-solving and driving continuous improvement in compliance operations.
Experience/Qualification
• Minimum 7+ years of experience in AML regulatory compliance, with a specific focus on AML periodic reviews, enhanced due diligence (EDD), transaction monitoring, and screening. .
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• In-depth knowledge of the regulatory landscape affecting the funds sector, including AML/KYC regulations, FATF recommendations, and other relevant global regulations.
• Strong experience with high-risk client identification and management, including PEP, sanction, and negative media screening.
Qualifications/ Certifications
• Bachelor's degree in business, law, accounting, finance or a related field (preferred).
• Certified Anti-Money Laundering Specialist (ACAMS) is highly desirable.
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