Executive Director AML Compliance

Responsibilities:

• Develop and disseminate AML related metrics to senior management, the Boards and the ARC
• Foster a risk-based approach to AML through training, presentations and interactions. Act as an escalation point for review of new accounts flagged as high risk, PEPs, screening hits and transaction monitoring
• Provides final approval of all new clients, classified as high risk/PEP
• Liaises with Chief Compliance Officer, Global Head of Legal, Managing Directors, Group Senior Management and the Global Audit & Risk Committee as appropriate
  Prepares reports and KPIs for the CCO, MD, ARC & Board of Directors, including relevant trend analysis
• Ensure periodic reviews of client files are completed at a frequency appropriate to their risk rating, with a focus on those flagged as high risk
• Maintain knowledge of the current AML/CFT due diligence requirements and ensure that they are correctly applied by the onboarding and AML compliance team particularly for all components of complex multi-level organizational structures
• Mentor and develop team members, considering their training and development needs
• Ensure adequate cover within the team at all times, particularly during holidays and other scheduled absences
• Promotes and sustains a risk-based approach in accordance with the risk appetite statement
• Actively question methods and processes with a view to making the team more effective and efficient and ensuring that regulatory obligations are being met
• Ensure all internal reporting in relation to any suspicious activity identified is provided in accordance with the procedures and on a timely basis
• Identify AML risk, and establish monitoring processes to ensure quality and standards are maintained and safeguarded from financial and reputational risks
• Act as a point of final review in response to queries from correspondent banks and other counter-parties
• Develops/implements corrective action plans for resolution of problematic issues
• Develop, implement and monitor policies and procedures within the AML & Onboarding Team that contribute to the efficiency of the Team and Group
• Provide overall guidance and support to team members on a daily basis

Experience:

• Minimum of 10+ years’ post-qualification experience in dealing with AML in relation to corporate structures in the offshore environment
• ACAMS certification preferred
• Flexibility and the ability to make good judgment calls with minimal guidance
• Strong team management and mentoring skills
• Proven experience of challenging and influencing senior stakeholders
• Well-organized with the ability to prioritize effectively
• Solid computer skills including Microsoft Office and familiarity with database software
• Excellent written and verbal communication skills
• Four-year degree in Business, Finance, or a related field
• Significant relevant experience can be considered in lieu of a formal degree.