AML Manager Job Description

AML Manager Job Description

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AML manager provides AML Compliance support to less-complex and lower-risk agents of Western Union and its affiliates to build programs that are in compliance with the Bank Secrecy Act, USA Patriot Act, and other anti-money laundering laws as they apply to Money Services Businesses.

AML Manager Duties & Responsibilities

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

Sample responsibilities for this position include:

Ensure operational excellence in the AML/KYC on-boarding, client data maintenance, and remediation/KYC refresh processes and suggest or adopt best practices for process improvements to be shared across the team
Act as first point of escalation for AML/KYC analysts in making decisions regarding client onboarding, AML risk assessment, and potential de-marketing high risk clients
Manage a small team of 1-3 AML/KYC specialists performing first LOD activities for the I&TS business
Escalate and liaise with internal Compliance Partners to address potential risks identified as part of on-boarding new clients, on-going monitoring, and remediation/KYC refresh of existing clients
May manage multiple functions and or site
May facilitate client delivery relationship
May present business updates to LOB Executive Managers
Attending and providing presentation during client onsite due diligence meetings
Partner with the Business Operations Manager to prioritize tasks
Ensure that the Lookback project meets deadlines by being proactive and ensuring work is on plan

AML Manager Qualifications

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

Licensing or Certifications for AML Manager

List any licenses or certifications required by the position: CAMS, ACAMS, AML, PMP, CFE, CPA, CISA, PM, PMI, CFCS

Education for AML Manager

Typically a job would require a certain level of education.

Employers hiring for the AML manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Business, Finance, Education, Management, Accounting, Law, Computer Science, Economics, Business/Administration, Engineering

Skills for AML Manager

Desired skills for AML manager include:

USA PATRIOT Act
AML compliance officer in a financial institution
CIP
Consultant
FFIEC Examination Manual relative to AML
FinCEN guidance
Industry guidance and best practices
KYC
Regulatory requirements and industry “best practices” for anti-money laundering programs as a regulator
Financial crimes and how they are perpetrated

Desired experience for AML manager includes:

Proactive/self-starter with the proven ability to deliver value-added support to business partners in a dependable, timely, and accurate manner
ExpertPC Skills including Microsoft Excel, Access, Word, PowerPoint and other reporting tools
Proven experiencewith the management and oversight of a large group, including planning, strategy, structure, budget and resource allocation
Proven experience Strong report writing skills and the ability to synthesize work products into executive summaries and/or briefs and reports
Proactively identify, analyze and recommend solutions for quality issues from a personnel and system stand point
To perform a challenge and equilibration function on reporting information received and/ or communicated from global partners

AML Manager Examples

1

AML Manager Job Description

Job Description Example
Our growing company is hiring for an AML manager. 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 manager
  • Participate in the development of production and quality goals ensure the team meets them within their function
  • Ensure data was accurately collected and documented (e.g., transaction file, due diligence)
  • Maintain issue-tracking databases, including documenting and reporting the status of issues, root causes, and associated corrective actions
  • Develop and centralize Look-Back protocols, job aids, and ad/hoc documentation
  • Conduct gap analyses of documents (i.e., protocols, testing) to ensure alignment with firm-wide standards
  • Serves as a subject matter expert (SME) for the department on a variety of projects related to new products and services
  • Manage a team of analysts and oversee their work to ensure it is of the highest quality standards
  • Schedule, allocate and review work of team members for accuracy and completeness
  • Recruit, train, motivate and develop staff to ensure a fully functioning team capable of meeting the department's objectives, including leading the performance management process
  • Ensure familiarity with industry best practices around support of anti-money laundering and regulatory reporting processes
Qualifications for AML manager
  • Strong verbal and written communication and presentation skills, with the ability to influence others and build consensus when faced with difficult issues
  • 3+ years of experience in project management role with increasing responsibility in scope
  • Demonstrated understanding of financial industry, AML, and/or Compliance
  • Ability to archive and remember project details to help with Audit inquiries significantly after milestone has been completed
  • Experience in Risk/Compliance project management role
  • Tracking and ensuring implementation of lessons learned on a firmwide basis is also required
2

AML Manager Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of AML manager. 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 manager
  • Support the International Compliance team (including Senior Analysts, Supervisors, Managers and Directors) in the creation, maintenance and delivery of a risk-based compliance monitoring & testing program
  • Assist with various aspects of managing regulatory reviews, and compliance-related audits
  • Assist the International Compliance team with the production of monthly management information reports
  • Provide ad-hoc support to the International Compliance team and other relevant teams as needed
  • Perform all standard project management functions including financial planning and control, task decomposition and execution, proactive risk and issue management, project health checks, verbal and written communication to Function (Risk) and IT, vendor management and team leading
  • Regularly report progress of project status, milestones, achievements and budgetary standing in both formal
  • In conjunction with business partners, develop project business cases
  • Defines team’s deliverables, content and quality metrics
  • Contribute to the risk assessment of clients and, for clients designated under the Risk Based Approach as “High Risk”, escalate all H1 clients, as appropriate, to the MLRO for review and approval
  • Research and analyze background of new and existing clients
Qualifications for AML manager
  • TQM/Six Sigma/PMI certifications a strong plus
  • Understanding of the regulatory environment that defines and drives the sanctions / AML charter within the financial industry
  • Proven track record leading a team
  • Ability to gauge business drivers, and affect the appropriate outcome where business/profit drivers stand in conflict with regulatory/policy requirements
  • Familiarity with payments / AML screening organizations, regulatory entities, industry bodies, with current and future evolutions in the payments / AML screening landscape - internationally
  • Manage the financial crime communication strategy by preparing articles and managing updates to the AML intranet site
3

AML Manager Job Description

Job Description Example
Our company is growing rapidly and is looking for an AML manager. 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 manager
  • Provide the SAM/Director with critical input to Chief Auditor / Assistant Chief Auditor on the practical aspects of the audit and its execution
  • Global Change Delivery
  • MLRO/BSA Officer Function
  • CRAO Function
  • FCC Regional & Country Compliance Functions
  • FCC Compliance Operations on-shore and off-shore
  • HTS
  • Work effectively with functional reports, Head of FCC & MLRO/BSA Officer
  • Establish employee performance objectives and criteria within Senor Manager function
  • Transform complex analytical models into scalable, big data solutions and deploy on AWS
Qualifications for AML manager
  • Demonstrable organizational skills, including task definition and management, and note-taking
  • Experience supporting the tracking, and ensuring implementation of, lessons learned on a program-wide basis
  • Demonstrated ability to take the initiative while building partnerships
  • Ability to archive and retrieve project details to help with Audit inquiries significantly after milestone has been completed
  • 5-7 years of banking experience with a minimum of 3 years of experience in data and systems analysis preferably AML and sanctions systems
  • Strong experience in Systems effectiveness analysis, statistical analysis, BSA program management or bank operations experience
4

AML Manager Job Description

Job Description Example
Our growing company is hiring for an AML manager. 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 manager
  • Maintain a strategic vision for what, when and how your teams will create next generation data capabilities to make the Product Owner's dreams a reality
  • Help grow and mentor team members on the fine art of data engineering and data store evaluation
  • Build out and maintain the Global Policy Exception Process
  • Participate in internal projects in order to proactively gain insight to upcoming changes that might impact/influence key compliance metrics or process performance and provide subject matter expertise
  • Ensure all paper and electronic files are maintained appropriately
  • Developing a strong working relationship with internal testing and remediation teams
  • Building effective working relationships with key stakeholders, including auditors, senior and executive management
  • Overseeing the implementation of data governance
  • Performing ad hoc analysis/reporting and participating in regulatory initiatives or special projects as assigned by senior management
  • Partner with the sales organisation to help define the customer solution and the customer’s measures of success
Qualifications for AML manager
  • Strong change control management skills
  • Exceptional research and analytical skills with the ability to analyze large amounts of data, decipher higher risk attributes (transactional, geographical, product, customer type)
  • Experience defining, tracking and reporting metrics and Key Performance Indicators
  • Knowledge of MS SharePoint, MS Access, MS Project, MS Visio
  • AML-specific knowledge and experience is an asset
  • Knowledge executing projects encompassing new Fraud/AML scenarios is an asset
5

AML Manager Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of AML manager. 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 manager
  • Responsible for developing the evidence and analysis based data that defines what products the target market of global financial institutions and large corporations will pay for
  • Managing the Launch of new products and enhancements
  • Manage the Product Life Cycle process for your product offerings
  • Build the product roadmap
  • Review and approve requests for customization to ensure product integrity and consistency with the product plan and strategy
  • Determine Pricing Strategies and review and approve non-standard product and pricing proposals
  • Where required attend committee meetings in liaison with the Sr
  • Execute the ABAC mandate at the direction of the MLRO while supporting the ABAC Officer/MLRO in their roles and, in this context, verify that the ABAC Program meets both global and local standards and requirements
  • Review and, where appropriate, revise Business Group training and education material (in conjunction with Head Office initiatives) to ensure it remains current and fit for purpose, contribute to the relevant training to be provided to all business groups and support functions further, as required
  • Manage assigned tasks related to drafting case investigations
Qualifications for AML manager
  • Excellent knowledge of UK financial services industry, and related regulatory compliance requirements
  • Regulatory compliance, risk management, or audit experience within financial services industry
  • Significant relevant experience preferably in a senior role, supporting strategic AML/ Sanctions projects
  • Self-starter who can work autonomously and provide an excellent standard of work
  • Demonstrates ability to prioritize workload, balance multiple duties and meet deadlines in a consistent manner
  • Demonstrates ability to work well with others in a team environment and also operate independently under the direction of senior management

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