AML Advisory Job Description

AML Advisory Job Description

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AML advisory provides specialist advice and counsel on complex AML/CFT matters to business functions – including senior business leaders to ensure AML/CFT requirements are fully met.

AML Advisory Duties & Responsibilities

To write an effective AML advisory job description, begin by listing detailed duties, responsibilities and expectations. We have included AML advisory job description templates that you can modify and use.

Sample responsibilities for this position include:

Supports the Compliance Officer/Manager on the day to day administration of the GFCC program for the sub line of business within GWM
Conduct ad hoc reviews of client activity
Work with the business on de-risking exercises, including cross-LOB exits
Work with the business on feedback loop escalations to Reputational Risk
Asses and analyze Anti-Money Laundering issues such as high risk client reviews, guidance around PEPs, negative media and corruption
Acting as advisor to the business in relation to AML matters including due diligence, money laundering prevention and Sanctions
Support the Jersey MLRO / Senior Manager with their regulatory responsibilities including, but not limited to, System & Controls (SYSC), oversight of BI Monitoring, Investigations and SAR Reporting
Completion of BI Business Risk Assessments, Inherent Risk Assessments and Control Self Assessments
Completion of Board Reports and other Management Information as required
Support development, implementation and updating of AML Compliance policies and procedures

AML Advisory Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for AML Advisory

List any licenses or certifications required by the position: ACAMS, AML, CAMS, ICAMS, ICA, LEAN

Education for AML Advisory

Typically a job would require a certain level of education.

Employers hiring for the AML advisory job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Law, Business, Accounting, Finance, MBA, Management, Business/Administration, Education, Financial Services, Graduate

Skills for AML Advisory

Desired skills for AML advisory include:

Investing and markets and the ability to research
AML regulations across APAC region
AML/CFT and banking regulatory requirements in APAC
Bank’s regulators and relevant regulations
AML/CFT and banking regulatory requirements in China
Anti-Money Laundering rules and regulations
Asia Pacific jurisdictions
Assigned businesses
Associated AML risks
Brokerage industry

Desired experience for AML advisory includes:

Manage responses to local regulator inquiries, surveys, questionnaires and assist in preparation for on site AML reviews
Provide input to the development and delivery of induction and other AML Compliance subject specific training
Optimise current processes and procedures in order to address future regulatory and business growth including development and implementation of sustainable improvements in client on boarding (COB) processes involving AML and managing business inquiries to AML Inbox across WMI BI businesses
Assist with on-site Intermediary Business Reviews and draft post visit reports
Ensure that issues arising from Client Onboarding, Quality Assurance, business inquiries, training and any other source are escalated, where appropriate, to senior compliance and business management
Manage relationship with the High Risk Client Management Team (HRCM) to facilitate on-boarding of new High Risk clients

AML Advisory Examples

1

AML Advisory Job Description

Job Description Example
Our company is looking to fill the role of AML advisory. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for AML advisory
  • Support Senior Manager/MLRO on ad hoc BI initiatives as required
  • Take into consideration, incorporate and participate in Enterprise wide AML Compliance initiatives
  • Keep abreast of changes to regulatory and legislative rules and principles including attending lectures, seminars and training courses (where possible) and manage process for providing updates for AML Compliance, business and functional partners
  • Setting goals and objectives for direct reports responsibility for ongoing professional development feedback and reviews
  • Act as Guernsey Money Laundering Reporting Officer (MLRO) with responsibilities as defined by relevant BI regulations including, but not limited to, System & Controls (SYSC), oversight of BI Monitoring, Investigations and SAR Reporting
  • Manage responses to local regulator inquiries, surveys, questionnaires and lead preparation for on site AML reviews
  • Develop and deliver Induction and other AML Compliance subject specific training
  • Develop process and conduct on-site Intermediary Business Reviews and draft post visit reports
  • Ensure that issues arising from COB, Quality Assurance, business inquiries, training and any other source are escalated, where appropriate, to senior compliance and business management
  • Manage relationship with COB team and Quality Assurance roles for oversight of AML controls in respect of new business including development of exceptions process and SLAs
Qualifications for AML advisory
  • Manages the compliance function for all fiduciary activities within Private Banking and other HBUS divisions, including Transaction Banking (Corporate Trust) and Middle Market Banking (RFS) that conduct fiduciary business
  • Private Banking Brokerage
  • Government and Institutional Banking (Embassy Banking)
  • 10+ years financial sector experience focusing on compliance or control function, preferably within the asset management space
  • Ability to work with a very broad range of stakeholders
  • Broad understanding of all aspects of an effective Compliance Programme
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AML Advisory Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of AML advisory. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for AML advisory
  • Team Management including objective setting, performance evaluations, recruitment and budgeting where required
  • Maintain subject matter expertise of applicable AML laws and regulations
  • Provide effective challenge and guidance on AML risks and support risky lines of business through various interactions and forum engagements
  • Assist lines of business in the development and maintenance of the Compliance Program, against digital framework, such as how to monitor, report, and train
  • Active involvement with compliance testing
  • Support AML (Anti-Money Laundering) Advisory Program through expert advice, influence adjustments to the processes, procedures
  • Assist the AML team to liaise with regulatory bodies on AML/CFT regulatory matters at all aspects
  • Provide the AML/CFT regulatory advisory support to BU/SU for new business applications, regulation interpretation, NPA, Outsourcing etc
  • Assist in the issuance, review and roll-out of the Taiwan business Customer Acceptance Procedures (BCAP), Anti-Money Laundering (AML)/Countering the Financing of Terrorism (CFT) training and related policies and guidelines
  • Circulate, supervise and monitor the promulgation and implementation of both local AML/CFT regulations to BU/SU as the second line defense and ensure the policies/procedures/SOP in line with the regulatory requirement
Qualifications for AML advisory
  • 3 years of experience in managing a Sanctions operations unit
  • At least 3 years of experience working within a digital environment or at least 3 years of experience working in an online services environment
  • At least 5 years of experience in Compliance Management
  • At least 3 years of experience with Bank Secrecy Act (BSA), Office of Foreign Assets Control (OFAC), USA Patriot Act, and Customer Identification Program (CIP)
  • At least 2 years of experience in Project Management or at least 2 years of experience in Process Management
  • 5 years of experience working within a digital environment or 5 years of experience working in an online services environment
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AML Advisory Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of AML advisory. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for AML advisory
  • Liaise with Group AML team and relevant BU/SU at all aspects and support the group project implementation including but not limited to AML compliance testing, EWRA, AML reports and policies, etc
  • Prepare the required reports for management team meeting, ORC, board meeting, BAC, etc
  • Ensure comprehensive enhanced due diligence reviews of both new and existing clients are executed per the Banks’ standards and policies
  • Develop and deliver targeted training to first line and other support functions
  • Play a lead role in the Banks’ annual AML risk assessment
  • Participate in team meetings led by the MLPOs and the Deputy Head of the Banks Anti-Money Laundering Group
  • Maintain comprehensive monthly metrics which are are a key component of the Banks’ governance process
  • Provide subject matter expertise to the Banks’ Business and other first line functions on Bank AML policy and customer onboarding requirements
  • Engage various third-party and internal databases to assist with due diligence searches as needed
  • Respond to questions from the ISG Business and Operations onboarding, as appropriate
Qualifications for AML advisory
  • 5 years of experience in AML Management
  • Certified Risk Professional certification, or Certified Regulatory Compliance Manager certification, or Certified Anti Money Laundering Specialist (CAMS) certification
  • Maintains documentation on assessment of AML/CFT residual risks by reviewing the effectiveness of the Bank’s controls and business practices on carrying out related work processes
  • Responsible for managing relationships with stakeholders and engaging them on operationalization of AML/CFT related procedures
  • Act as subject matter expert, advising Line of Business/Operations on current AML/CFT issues/trends, audit findings and other AML/CFT related queries
  • Participate or track AML initiatives by businesses or other departments
4

AML Advisory Job Description

Job Description Example
Our company is hiring for an AML advisory. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for AML advisory
  • Coordinate execution of Bank AML program changes across key stakeholders (Operations, Technology, Compliance, GFC)
  • Represent Bank AML in status update meetings with senior management and other stakeholders
  • Maintain comprehensive monthly metrics which are a key component of the Banks’ governance process
  • Lead as a subject matter expert internally and to clients in related risk management and compliance
  • Build on client relationships through regulatory solutions offerings
  • Design and implement business strategies or risk or compliance transformations for financial services institutions, financial holding companies and large complex banks
  • Manage team and handle day to day AML advisory/Sanctions related cases/issues to Business/Support Units, overseas branches & subsidiaries
  • Follow up and resolve any outstanding AML/CFT cases/issues on a timely basis
  • Participate in any ad-hoc related projects and to provide assistance in the preparation of audit deliverables
  • Review of AML/CFT policy/procedures and manage processes on AML/CFT, customer due diligence and sanctions
Qualifications for AML advisory
  • Coordinate efforts in resolving cross functional AML/CFT issues (e.g CDD and Transaction monitoring)
  • Monitors the needs of businesses and other departments and provide related training for stakeholders
  • Keeps abreast of current AML/CFT related developments and trends
  • Participate in AML/CFT related projects
  • Strong knowledge and understanding of AML
  • Strong oral and written communication skills, able to communicate with Senior Leadership, Regulators and vendors
5

AML Advisory Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of AML advisory. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for AML advisory
  • Work with Transaction Surveillance Unit on cases that may require STR filing
  • Work with Transaction Surveillance Unit on cases that may require Suspicious Transaction Report filing
  • Provide risk ranking guidance to the FLU Teams and respond to risk ranking override and approval requests (of higher risk customers)
  • Assist and provide guidance to the FLU teams with respect to true matches identified during the Enhanced Due Diligence and/or the Negative News pre-screening process
  • Assist with UAT testing when new systems are implemented or when changes to existing systems are implemented by the Firm and/or Bank
  • Assist in the review of Certificate of Deposit (“CD”) Distributors, including the review of Negative News and Regulatory Disclosures
  • Assist in the preparation and review daily reports and coordinate with Bank FLU teams as it relates to client advisory decisions
  • Assist in regular meetings relating to institutional clients
  • Liaise with members of the AML Investigations team, the Bank Risk teams, and senior Bank AML Management
  • Assist with the update of designated high risk clients to/from the Bank’s watchlist in the case management system
Qualifications for AML advisory
  • Provide expert advice to the 1st line business on AML risk management and undertake the interpretation of AML policy standards and industry guidance
  • Serve as the liaison to IT for the Financial Crimes Office in technology strategies and efficiencies, such as transaction monitoring, customer list screening, and payment reviews
  • Significant experience with data analysis and reporting tools
  • At least 1 year experience in Compliance, or at least 1 year experience in Risk Management, or at least 1 year experience in Process Management
  • At least 3 years experience in Compliance, or 3 years experience in Risk Management, or 3 years experience in Process Management
  • At least 1 year of Compliance experience, or at least 1 year of Audit experience, or at least 1 year of Risk Management experience

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