Our client is seeking an experienced AML/CFT Operations Specialist to join our compliance team. In this role, you will be responsible for implementing and maintaining effective anti-money laundering (AML) and counter-financing of terrorism (CFT) programs. You will monitor transactions, conduct investigations, and ensure compliance with applicable regulations to mitigate risks.
Key Responsibilities:
- Analyze and monitor transactions for suspicious activity using advanced analytics and transaction monitoring systems.
- Conduct thorough investigations of identified suspicious transactions, preparing detailed reports and documenting findings.
- Ensure adherence to AML/CFT regulations and guidelines, including reporting obligations to relevant authorities.
- Assist in the identification and assessment of AML/CFT risks associated with customers and business activities.Support the development and enhancement of AML/CFT policies and procedures to align with regulatory changes and best practices.
- Provide training and guidance to staff on AML/CFT compliance matters and promoteawareness of potential risks.
- Work closely with other departments, including legal, operations, and risk management, to ensure a coordinated approach to compliance.
- Prepare and submit Suspicious Activity Reports (SARs) and other regulatory filings as required.
- Stay updated on AML/CFT trends, regulations, and emerging risks, and recommend improvements to enhance the effectiveness of the compliance program.
Qualifications:
- Bachelor’s degree in finance, business, or a related field; advanced degree or relevant certification (e.g., CAMS, ICA) preferred.
- Minimum of 5 years of experience in AML/CFT compliance or a related field, preferably within the financial services industry.
- Strong understanding of AML/CFT regulations, practices, and risk assessment methodologies.
- Excellent analytical and investigative skills; proficiency in transaction monitoring systems; strong written and verbal communication skills.
- High level of accuracy and attention to detail in all tasks.
- Ability to work collaboratively in a team-oriented environment while managing multiple priorities.
