AML Officer

What is an AML Officer?

AML Officer is responsible for implementing the organization’s anti-money laundering (AML) policies and ensuring compliance with relevant regulations, such as the Bank Secrecy Act (BSA) and USA PATRIOT Act. Their duties include monitoring daily transactions for suspicious activity, conducting investigations into potential money laundering, and preparing and filing suspicious activity reports (SARs) when necessary. AML Officers also perform customer due diligence (CDD) and verify compliance with the customer identification program (CIP). They work closely with compliance teams, escalate significant findings to senior management, and assist in audits or regulatory reviews to ensure the organization adheres to AML requirements.

What are the responsibilities of an AML Officer?

• Conducting day-to-day monitoring of transactions for potential money laundering activities.
• Reviewing alerts generated by AML systems and escalates suspicious cases to senior staff or managers.
• Assisting in preparing Suspicious Activity Reports (SARs) for submission to regulatory authorities.
• Gathering documentation and information for investigations related to money laundering or financial crimes.
• Performing customer due diligence (CDD) and enhanced due diligence (EDD) checks on high-risk clients.
• Assisting with the ongoing review and updating of client records in accordance with Know Your Customer (KYC) requirements.
• Supporting the AML team in ensuring compliance with AML related regulations, including the Bank Secrecy Act (BSA) and USA PATRIOT Act.
• Participating in training sessions to stay current on AML procedures and regulations.
• Reporting potential compliance issues to AML Managers or senior staff for further investigation.
• Assisting with internal audits or regulatory exams by gathering and providing requested information.

Are you looking to hire an AML Officer?

Whether it’s permanent or an interim appointment, we can help you find the perfect candidate for the position. To find out more, complete the contact form below and we’ll be in touch within the next working day to discuss your opportunity further.

Why work with Kind Consultancy?

• Kind has a large pre-existing network of Compliance, Risk and Financial Crimes experts, which allows us to present your vacancy to leading professionals in the sector.
• An active headhunting approach provides the best candidates for your organization and delivers more accurate searches.
• With a shortlist of pre-screened candidates selected by our specialist team, there is no need for you to sort through irrelevant or underqualified CVs.
• Kind Consultancy maintains a fast-growing database of Risk, Compliance and Financial Crimes professionals who will be eager to hear about your need in their niche.

If you want to hire an exceptional AML Officer, complete the contact form below and we will initiate a conversation about how Kind Consultancy can help find the ideal person for your organization.