Business Payments AML Compliance Expert
hace 5 días
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Job DescriptionWe are seeking a detail-oriented Business Payments AML Compliance Expert to join our compliance team. The ideal candidate will ensure that we comply with anti-money laundering (AML) regulations and guidelines in the business payments sector (B2B).
Duties and Responsibilities:- AML Monitoring and Investigation: Develop and implement a comprehensive Know-Your-Business (KYB) program to review businesses using our B2B money transfer service.
- Monitor business payment transactions for suspicious activity, identifying potential money laundering or terrorist financing risks.
- Analyze alerts generated by AML monitoring systems and escalate findings for further review.
- Ensure compliance with applicable AML regulations, including the Bank Secrecy Act (BSA) and the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA).
- Stay up-to-date on applicable regulatory changes and update internal policies and procedures accordingly.
- Collaborate with the compliance team to develop, update, and implement AML policies, procedures, and controls.
- Provide suggestions for improving AML monitoring tools and systems.
- Serve as a point of contact for B2B AML-related inquiries and guidance across the organization.
- Maintain accurate and up-to-date records of investigations, reports, and compliance activities.
- Prepare periodic compliance reports for senior management, summarizing key findings and trends.
To be successful in this role, you should have:
- A Bachelor's degree in finance, business, law, or a related field (or equivalent experience).
- Minimum of 5 years of experience in AML compliance, preferably within the B2B payments industry.
$85,000 - $110,000 per year, depending on location and experience.
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