We are seeking a highly skilled and detail-oriented Accountant with expertise in Anti-Money Laundering (AML) procedures to join our team. As an Accountant specializing in AML, you will be responsible for ensuring compliance with regulatory requirements and implementing effective controls to detect and prevent money laundering activities. You will play a critical role in safeguarding the financial integrity of the organization and mitigating the risks associated with money laundering.
Responsibilities:
Conduct AML risk assessments to identify potential areas of vulnerability and develop appropriate control measures.
Design and implement AML policies, procedures, and internal controls to ensure compliance with applicable laws, regulations, and industry best practices.
Stay updated with the latest AML regulations, guidelines, and industry trends to ensure the organization's practices are up to date and compliant.
Monitor and analyze financial transactions, customer accounts, and client activities to identify suspicious or potentially illicit activities.
Investigate and document suspicious transactions or activities, including gathering evidence, conducting interviews, and preparing reports for regulatory authorities, as required.
Collaborate with internal stakeholders, such as legal, compliance, and risk management teams, to ensure AML policies and procedures are integrated into the overall organizational framework.
Conduct periodic reviews and audits to assess the effectiveness of AML controls, identify deficiencies, and recommend improvements.
Provide guidance and training to employees on AML compliance requirements, reporting obligations, and the importance of identifying and reporting suspicious activities.
Maintain accurate and complete records of AML-related activities, including transaction monitoring, investigations, and reporting, in accordance with regulatory requirements.
Assist with external audits and regulatory examinations related to AML compliance, responding to inquiries and providing requested documentation.
Qualifications:
Bachelor's degree in accounting, finance, or a related field. Professional certifications such as Certified Anti-Money Laundering Specialist (CAMS) or Certified Fraud Examiner (CFE) are highly desirable.
Proven experience working as an Accountant with a focus on Anti-Money Laundering (AML) compliance.
Strong knowledge of AML regulations, including but not limited to the Bank Secrecy Act (BSA), USA PATRIOT Act, and relevant Financial Action Task Force (FATF) recommendations.
Familiarity with industry-specific AML requirements, such as those applicable to banking, financial services, or other regulated sectors.
Excellent analytical skills and attention to detail to identify and investigate suspicious activities effectively.
Solid understanding of financial systems, databases, and transaction monitoring tools.
Strong communication and interpersonal skills to effectively collaborate with internal stakeholders and regulatory authorities.
Ability to handle sensitive and confidential information with integrity and professionalism.
Proactive mindset with the ability to work independently, prioritize tasks, and meet deadlines in a fast-paced and dynamic environment.
Proficient in using accounting software, MS Office suite, and other relevant tools.
