AML Manager

Role Overview

We are looking for a seasoned AML Manager to lead and oversee Anti-Money Laundering (AML) compliance efforts, ensuring strict adherence to regulatory mandates and industry standards. The incumbent will be instrumental in sustaining a robust AML framework, managing financial crime risks effectively, backing compliance initiatives, and enhancing control mechanisms.

Core Duties

• Lead management of AML, Counter Terrorist Financing (CTF), and sanctions compliance programs.
• Achieve compliance with all relevant policies, procedures, and legal regulations.
• Carry out thorough AML and financial crime risk evaluations and suggest risk reduction strategies.
• Formulate, assess, and refine AML related policies, procedures, internal controls, and surveillance mechanisms.
• Oversee implementation and monitoring of Know Your Customer (KYC), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD) processes.
• Investigate suspicious transactions or activities and escalate issues as per regulatory mandates.
• Stay abreast of changes in regulations and evaluate their implications on current compliance requirements.
• Compile and deliver AML compliance reports, risk analyses, and relevant management data to senior leadership.
• Facilitate support for audits, regulatory inspections, and reviews both internal and external.
• Conduct AML and compliance training sessions to boost organizational awareness.
• Engage with various internal teams to enforce compliance control measures effectively.

Required Qualifications & Experience

• Academic qualification: Bachelor's degree in Finance, Banking, Business Administration, Law, Risk Management, Compliance, or closely related fields.
• Professional background: 8 to 12 years of progressive experience within AML, Compliance, Financial Crime prevention, Risk Management, or Regulatory Compliance roles.
• Sector experience: Prior work within Banking, Financial Services, FinTech, or other regulated environments.
• Expertise: Comprehensive knowledge of AML/CFT legislation, sanctions, KYC policies, and financial crime risk management techniques.
• Practical skills in conducting AML investigations, performing risk assessments, and compliance oversight activities.
• Experience liaising with regulators, auditors, and senior management.

Key Competencies

• Anti-Money Laundering (AML) expertise
• Regulatory compliance adherence
• Risk management strategies
• Financial crime detection and prevention
• KYC, CDD, and EDD processes
• Transaction monitoring
• Sanctions compliance
• Investigative and reporting skills
• Stakeholder collaboration and management
• Strong analytical capabilities
• Effective communication and influence
• Attention to detail

Preferred Certifications and Knowledge

• CAMS (Certified Anti-Money Laundering Specialist) certification is advantageous.
• Holdings of ICA certification in AML, Compliance, Financial Crime, or Risk Management are preferred.
• Experience working within GCC regulatory frameworks.
• Well-versed in AML monitoring technologies, compliance software, and data analytics applications.
• Deep understanding of regulatory expectations and industry-leading compliance practices.