Anti-Money Laundering (AML) Officer

Key Responsibilities:

• Policy Development and Implementation: Develop, implement, and maintain AML policies, procedures, and programs to ensure compliance with regulatory requirements.
• Transaction Monitoring: Monitor and analyze financial transactions to detect suspicious activities that may indicate money laundering or other financial crimes.
• Risk Assessment: Conduct regular risk assessments to identify potential areas of vulnerability and recommend actions to mitigate risks.
• Reporting: Prepare and submit suspicious activity reports (SARs) to regulatory authorities as required by law.
• Training and Awareness: Provide AML training to employees to ensure they understand their responsibilities in detecting and reporting suspicious activities.
• Audit and Compliance: Assist in internal and external audits related to AML and ensure that the organization meets all regulatory compliance requirements.
• Collaboration: Work with other departments and external agencies to investigate and resolve AML-related issues.
• Regulatory Updates: Stay updated on changes in AML laws and regulations and adjust the organization's policies and procedures accordingly.

Skills

Required Skills:

• Analytical Skills: Strong ability to analyze financial data and detect suspicious activities.
• Attention to Detail: High level of accuracy in reviewing transactions and identifying potential risks.
• Knowledge of Regulations: In-depth understanding of AML laws, regulations, and industry standards.
• Communication Skills: Excellent verbal and written communication skills to effectively report findings and collaborate with internal and external stakeholders.
• Problem-Solving: Ability to think critically and develop solutions to mitigate AML risks.
• Organizational Skills: Strong organizational abilities to manage multiple tasks and priorities effectively.
• Ethical Judgment: High ethical standards and the ability to make decisions that align with the organization's compliance goals.
• Technical Proficiency: Familiarity with AML software and tools for transaction monitoring and reporting.