Our client is an International Money Transfer that is looking for a Senior Officer Compliance to join their team at Central London Office; JOB PURPOSE Ensuring the complete adherence to various AML and CTF guidelines and policies accepted by the company, Global AML authorities and other local regulations. Carrying out compliance duties including but not limited to Transaction Monitoring, Agent onsite and desktop audits, AML and CTF investigations, Regulatory reporting and MIS. KEY ACCOUNTABILITIES: Transaction Monitoring
• Transaction monitoring with the aid of AML/CTF suite.
• Handling compliance queries through Customer Relationship Management (CRM) tool raised by both internal and external stakeholders.
• Respond to regulatory inquiries/reporting obligations after obtaining approval from Manager/Head - Compliance from time to time as applicable.
• Testing of the AML / CTF program & procedures and update the reporting manager over deficiencies and execute mitigation plan.
• Provide AML training based on transactional analysis/audits. Compliance investigation 1. Run a transactional analysis to identify and investigate suspicious customer behavior. 2. Conduct agent analysis to identify trends/patterns and investigate. 3. Raise suspicion with regional compliance teams and liaise with them for concluding investigations 4. KYC due diligence for all customers including foreign and national MIS
• Submission of monthly transactional analysis reports/investigation findings to the line manager / regional compliance managers.
• Timely submission of audit reports to the line manager
• GAP analysis report on existing compliance processes and suggest mitigation measures Regulatory reporting
• Ensure timely and accurate submission of various regulatory reporting's, as per the defined timelines/requirements Audits
• In line with the AML program of the company, ensure periodic reviews on agent partners are conducted as per the company's risk matrix (High, Medium and Low)
• Ensure all "High Risk" partners are reviewed every year.
• Conduct desktop audits including verification of agent documents collected as part of the onboarding process
• Assisting line manager for any ad-hoc audits to be conducted Co-ordination
• Assist in the coordination of Agents and staff AML training / Audit or Inspection.
• Regular / Frequent status updates to the agents in line with the "AML and CTF policy".
• Leverage the internal and external knowledge base's for prompt and accurate resolution of basic AML issues