Job Summary
We are seeking diligent and detail-oriented Junior AML Consultants to assist in a large-scale Anti-Money Laundering (AML) refresh project.
Key Responsibilities:
- Customer Due Diligence (CDD) Reviews: Adherence to the AML Refresh procedure and contact strategy. This includes ensuring the timely initiation of allocated cases, reviewing the completeness and quality of information returned by clients, accurately completing review checklists, and responding to client queries on a timely basis. This also involves verifying identity, assessing, and amending risk levels, and documenting any changes in customer profiles.
- Risk Assessment: Analysing customer transactions and behaviour patterns to identify higher risk clients and potential money laundering or suspicious activities. This may involve utilizing software tools for transaction monitoring and risk scoring.
- Regulatory Compliance: Staying up to date with relevant AML laws, regulations, and guidelines issued by regulatory authorities.
- Documentation and Reporting: Documenting findings from AML Refresh CDD reviews and suspicious activity investigations. Ensuring AML Refresh record keeping and tracking mechanisms are accurate and kept up to date.
- Investigation of Suspicious Activities: Investigating and escalating any unusual or suspicious activities identified during CDD reviews or transaction monitoring. This may involve conducting deeper analysis, gathering additional information, and collaborating with other departments or law enforcement agencies when necessary.
- Training and Awareness: Providing training and guidance to employees on AML policies, procedures, and best practices. Promoting a culture of compliance within the organization.
- Technology Utilization: Leveraging AML software and tools to streamline processes, enhance efficiency, and improve detection capabilities.
- Collaboration: Collaborating with other AML Refresh colleagues and departments such as compliance, legal, risk management, and IT to address AML-related issues and implement effective solutions.
- Quality Assurance: Ensuring refresh files are completed to a high standard so that they stand up to quality assurance processes. Identifying areas for improvement and implementing corrective actions as needed.
- Audits and Examinations: Assisting with internal and external audits or examinations of the organisation's AML program.
Notes:
The responsibilities are subject to change based on the evolution of the project and requirements from stakeholders.
Please Note: As all IQbusiness roles require honesty in the handling of or access to cash, finances, financial systems, or confidential information; our recruitment process requires that the following background checks be completed: credit, criminal, ID, and qualification verification.
IQbusiness is committed to sustainable growth and transformation, we embrace diversity and employ previously disadvantaged individuals.
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