Job Summary:
We are seeking a highly motivated and experienced AML/KYC Team Lead to oversee our Anti-Money Laundering (AML) and Know Your Customer (KYC) operations. The ideal candidate will have a strong background in compliance, with a particular focus on writing Suspicious Activity Reports (SARs) and ensuring regulatory adherence. This role involves leading a team of AML/KYC analysts, enhancing the effectiveness of our monitoring processes, and fostering a culture of compliance throughout the organization.
Key Responsibilities:
Team Leadership:
- Lead, mentor, and develop a team of AML/KYC analysts.
- Set performance goals, conduct regular evaluations, and provide training to ensure team competency in AML/KYC practices.
SAR Writing and Review:
- Oversee the preparation and filing of Suspicious Activity Reports (SARs) in accordance with regulatory requirements.
- Review and approve SARs drafted by team members, ensuring clarity, completeness, and adherence to compliance standards.
Risk Assessment:
- Conduct and review customer risk assessments and due diligence processes to identify and mitigate potential risks.
- Implement and refine AML/KYC policies and procedures to enhance risk management.
Regulatory Compliance:
- Stay updated on AML/KYC regulations and trends to ensure the organization's practices remain compliant.
- Collaborate with internal and external auditors, providing necessary documentation and responses during examinations.
Reporting and Analytics:
- Analyze transaction data and customer profiles to identify unusual patterns or potential suspicious activities.
- Prepare and present regular reports to senior management on team performance, compliance issues, and recommendations for improvement.
Collaboration:
- Work closely with other departments (e.g., legal, operations) to ensure a comprehensive approach to compliance.
- Serve as a point of contact for regulatory inquiries and investigations related to AML/KYC activities.
Qualifications:
- Bachelor's degree in Finance, Business Administration, Criminal Justice, or a related field; advanced degree or certification (e.g., CAMS, CFE) preferred.
- Minimum of 5 years of experience in AML/KYC compliance, with at least 1 years in a leadership role.
- Proven experience in writing and reviewing SARs, with a strong understanding of related regulations and best practices.
- Excellent analytical and problem-solving skills, with the ability to interpret complex data and regulations.
- Strong interpersonal and communication skills, with the ability to influence and collaborate across all levels of the organization.
- Detail-oriented with a strong commitment to maintaining the highest ethical standards.
Benefits:
- Competitive salary and performance-based bonuses
- Comprehensive health, dental, and vision insurance
- Retirement savings plan with company matching
- Paid time off and holidays
- Professional development opportunities
