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Title
Text copied to clipboard!Money Laundering Officer
Description
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We are looking for a highly analytical and detail-oriented Money Laundering Officer to join our compliance team. The ideal candidate will be responsible for ensuring that the organization complies with all anti-money laundering (AML) regulations and internal policies. This role involves monitoring financial transactions, identifying suspicious activities, and reporting them to the appropriate authorities. The Money Laundering Officer will also play a key role in developing and implementing AML policies and procedures, conducting risk assessments, and providing training to staff on compliance matters.
As a Money Laundering Officer, you will be expected to stay up to date with the latest regulatory changes and industry best practices. You will work closely with other departments, including legal, risk management, and internal audit, to ensure a coordinated approach to compliance. Your ability to analyze complex data, exercise sound judgment, and communicate effectively will be essential to your success in this role.
Key responsibilities include conducting investigations into suspicious transactions, maintaining accurate records of AML activities, and liaising with regulatory bodies. You will also be responsible for preparing and submitting Suspicious Activity Reports (SARs), reviewing customer due diligence (CDD) documentation, and ensuring that enhanced due diligence (EDD) is performed when necessary.
This position requires a strong understanding of financial systems, regulatory frameworks, and risk management principles. A background in finance, law, or compliance is highly desirable. The successful candidate will demonstrate integrity, discretion, and a commitment to upholding the highest standards of ethical conduct.
If you are passionate about financial crime prevention and want to make a meaningful impact in a dynamic and challenging environment, we encourage you to apply for this important role.
Responsibilities
Text copied to clipboard!- Monitor and analyze financial transactions for suspicious activity
- Develop and implement AML policies and procedures
- Conduct risk assessments and internal audits
- Prepare and file Suspicious Activity Reports (SARs)
- Ensure compliance with AML regulations and internal controls
- Provide training and guidance to staff on AML practices
- Liaise with regulatory authorities and law enforcement agencies
- Maintain accurate records of AML investigations and actions
- Review customer due diligence (CDD) and enhanced due diligence (EDD) documentation
- Stay current with changes in AML laws and regulations
Requirements
Text copied to clipboard!- Bachelor’s degree in finance, law, or related field
- Certification in AML (e.g., CAMS) preferred
- Minimum 3 years of experience in AML or compliance
- Strong analytical and investigative skills
- Excellent written and verbal communication skills
- Knowledge of relevant laws and regulatory requirements
- Attention to detail and high level of accuracy
- Ability to work independently and as part of a team
- Proficiency in compliance software and data analysis tools
- Strong ethical standards and integrity
Potential interview questions
Text copied to clipboard!- Do you have experience in anti-money laundering compliance?
- Are you certified in AML (e.g., CAMS)?
- Can you describe a time you identified a suspicious transaction?
- How do you stay updated on AML regulations?
- What compliance software are you familiar with?
- Have you ever filed a Suspicious Activity Report (SAR)?
- How do you handle confidential information?
- What is your approach to training staff on AML procedures?
- Can you explain the difference between CDD and EDD?
- How do you prioritize tasks in a high-pressure environment?
