AML Operations Job Description

AML Operations Job Description

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AML operations provides AML advice to the assigned areas/business groups/category including advice regarding changes to the AML Program, changes to AML regulations, and AML related aspects of business projects.

AML Operations Duties & Responsibilities

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

Sample responsibilities for this position include:

Interaction with various P&C and US AML Office personnel for AML operations
International AML risk assessment activities embracing customers, geographies, products and services, and distribution channels
Act as RL point of contact for AML Operations
Address the most complex problems and critical issues escalated from within the Investor AML Operations team, those received from other internal and/or related external parties
AML compliance program review and enhancement including policies and procedures
Compliance reviews, quality assurance, AML audits
Responsible for monitoring, reviewing and approving team's alerts and referrals in Alert Operations
Assist ISG AML management in other areas where required, ad hoc assistance with Enhanced Due Diligence
OFAC/PEP Escalation to AML and Sanctions investigative teams
Assist RLAT with AML Risk Assessments and subsequent Management Action Plans

AML Operations Qualifications

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

Licensing or Certifications for AML Operations

List any licenses or certifications required by the position: CAMS, ACAMS, AML, CFE, KYC, OFAC, ICA, LOMA, CFCS

Education for AML Operations

Typically a job would require a certain level of education.

Employers hiring for the AML operations job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Business, Finance, Management, Accounting, Sound, Communication, Criminal Justice, Education, Economics, Supervision

Skills for AML Operations

Desired skills for AML operations include:

Investigative techniques used in the investigation of financial crimes
Products
Operations
Operations and systems and extensive dealing with laws
Regulations and regulatory agencies related to assigned areas
Services
Compliance
Industry trends and practices in AML Technology
Risk Management
AML

Desired experience for AML operations includes:

Manages performance, aggressively developing skills, capabilities and successors
Identify and fill gaps related to control points for both current and future state, including procedures (escalation, risk matrix, operating procedures, system usage, inspect & repair) KPIs to track quality, throughput, and thematic issues
1 - 3 years of business analyst experience (prior work with data dictionary maintenance, either on the business or technology side is a plus)
Monitor's team's production to ensure regulatory obligations are met
Provide periodic reports on case findings, performance to senior management
Tracking work internally for individual and team operational performance

AML Operations Examples

1

AML Operations Job Description

Job Description Example
Our innovative and growing company is hiring for an AML operations. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for AML operations
  • Assists with the more complex problems and critical issues as escalated from within the Investor AML Operations team, those received from other internal and/or related external parties
  • Contribute to on-going development and implementation of the AML & Sanctions program
  • Participate in on-going development of the Global AML/ATF procedures and practices, including development and enhancement of global systems
  • Ensure close communication and information sharing between the CDD Centre and other Compliance colleagues concerning due diligence activities
  • Manage day-to-day process-related activities for Canada Operations
  • IAC – PEP File completion
  • Demarketed Customer Investigation
  • Contribute subject matter expertise and provide advice and assistance to various arms of the business
  • Report periodically on program status and escalate issues to senior management
  • Facilitate internal audit requests and ensure satisfactory resolution of any audit findings and recommendations
Qualifications for AML operations
  • Previous experience performing or overseeing AML investigations an asset
  • Have excellent interpersonal skills and ability to work effectively with colleagues across the Legal & Compliance Division (in UK, across the Firm’s EMEA offices and in other regions), other Infrastructure and Control Functions
  • Have demonstrable good judgment
  • Is assigned to the Naperville Operations Center, but will be required to travel to the Milwaukee area once or twice a month
  • Have excellent interpersonal skills and ability to work effectively with colleagues across the Legal and Compliance Division (in UK, across the Firm's EMEA offices and in other regions), other Infrastructure and Control Functions
  • Control focused mindset and good understanding of regulatory and reputational risks
2

AML Operations Job Description

Job Description Example
Our company is searching for experienced candidates for the position of AML operations. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for AML operations
  • Escalate and consult with the JPM Luxembourg Compliance and MLRO teams and the Funds’ Compliance and MLRO teams as required
  • Process AML/KYC assessments for register opening or register maintenance within the applicable deadlines
  • Track pending AML /KYC documentation per investor register and per fund promoter
  • Run, review and update AML reports and provide these reports to Clients/Investors and Distributors
  • Refer PEP instances for consultation with internal & external Compliance and MLRO teams
  • Project manage the end to end Onboarding/Renewal process of defined client types across corporate and local standards, liaise daily with Sales, Compliance, Credit, all offshore partners to effect a seamless Onboarding and Renewal process
  • Be actively involved in any ad-hoc projects designed to clean up data and documentation and coordinate with other areas (WCOB, Compliance, Sales, Legal)
  • Gather documentation and perform gap analysis on current programs to see where technological enhancements may be made
  • Provide supervisory support to the team
  • Manage daily activities and work towards resolution of issues
Qualifications for AML operations
  • Knowledge of global AML requirements (knowledge of Asian requirements a plus)
  • Reports directly to a US Head of Ops AML Monitoring
  • Involved in reviewing systematic AML alerts and determines if transactions occurring are valid Anti-Money Laundering risks
  • A highly organized, self-motivated, customer oriented attitude and be able to work independently within a team
  • Flexibility and the ability to quickly adapt to changing priorities
  • The ability to thoroughly plan, execute and document
3

AML Operations Job Description

Job Description Example
Our innovative and growing company is hiring for an AML operations. 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 operations
  • Assist in AML quality assurance processes in concert with the FIU’s overall Quality Assurance (QA) Program
  • Oversee all efforts relative to AML quality control, escalations and review of approved KYC records, ensuring adherence to the firm’s global standards
  • Oversee the build out and execution of the AML/KYC Quality Review team
  • Partner with Commercial Banking senior management to ensure successful line of business execution of AML/KYC Standards
  • Collaborate with Corporate and Commercial Banking Global Financial Crimes Compliance to ensure appropriate application of all KYC standards
  • Deliver consistent best in class AML/KYC management insights
  • Ensure that the team completes all activities as per agreed SLAs / timelines
  • Participate in defining and documenting the operating processes
  • Help in creation of Management Information Reports
  • People management [ Team meetings, 1-1s, resolving any issues etc ]
Qualifications for AML operations
  • Ensure all mandatory trainings are completed as per timelines
  • Build relationship with regional counterparts
  • Mindset to enhance / make the process more robust
  • Completion of anti-money laundering (AML) and fraud checks
  • Review and sign-off of Customer AML Documentation
  • Administering PAR methodology
4

AML Operations Job Description

Job Description Example
Our innovative and growing company is hiring for an AML operations. 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 operations
  • Improves effectiveness of GBAM AML Operations by enhancing the due diligence up front to understand global operational impacts driven by change and what is required to successfully implement required changes
  • Owns operational readiness for all change affecting GBAM AML Operations
  • Responsible for execution of the GBAM AML Operations vision of operational excellence globally, execution of the agreed upon goals
  • Delivers high quality services for operational teams, measured through pre-defined KPIs and stakeholder feedback
  • Customer due diligence, enhanced and specialized due diligence
  • Correspondent bank due diligence
  • Monitoring, identification, and reporting of unusual and suspicious activity
  • Conducting periodic holistic reviews of higher risk individuals or entities
  • Maintaining a solid working knowledge (functional and operational) of the rules and regulations, including but not limited to, BSA, USA PATRIOT Act, and OFAC, and FATF standards
  • Overseeing the review and validation of automated transaction monitoring rules
Qualifications for AML operations
  • The incumbent must possess an undergraduate degree
  • Association of Certified Anti-Money Laundering Specialists certification is preferred
  • Effective problem-solving capabilities, ability to develop strategic preventative measures and set, and meet goals/objectives
  • Must work independently and perform under pressure and within tight time constraints
  • Must have in-depth knowledge of anti-money laundering and sanctions laws and regulations
  • Must remain abreast of criminal trends to identify and act upon current / potential risks to the Bank and its assets
5

AML Operations Job Description

Job Description Example
Our company is looking to fill the role of AML operations. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for AML operations
  • Advise on and review parameters for transaction monitoring alerts –analyse potential unusual activity
  • Process Pledges as required
  • Validate accuracy of data in KYC platforms and ensure completeness of document package ensuring all trackers are updated timely
  • Responsible for managing the workload for the team, delegate and assign workload according to capacity levels ensuring their accurate and timely completion in line with agreed targets
  • Responsible for the end to end production of bi-weekly metrics required for the Senior Managers Country Governance forum and facilitate for any ad-hoc requests
  • Co-Present at Senior Managers Country Governance forums and take the lead when the Team Manager is unavailable
  • Be an active participant in the recruitment and onboarding of new team members
  • Identify and document opportunities for automation and process improvements within the KYC Onboarding / Renewal process
  • Create training plans and roll out promptly to new and existing Team Members, local Sales and offshore partners as and when the need arises
  • Ensure all Standard Operating Procedures are up to date and Onboarding checklists are in place and completed in line with requirements
Qualifications for AML operations
  • Must have excellent written and verbal communication skills, and the ability to develop and maintain contacts with regulatory bodies and peers at other financial institutions
  • Bachelor’s degree in Business, Engineering, Math or Statistics
  • At least 1 year of experience in Process or Project Management
  • 2+ years of experience in Process or Project Management
  • Extensive experience in financial services, min 3 years in a Product/Business environment
  • Ability to assimilate regulatory requirements and apply these in practice to the control environment

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