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AML Compliance Manager

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Mastercard

30d ago

  • Job
    Full-time
    Senior & Expert Level
  • Legal
  • Peterborough
  • Quick Apply

AI generated summary

  • You need a relevant degree, 5-10 years in AML compliance, knowledge of FATF/FSA standards, strong stakeholder skills, and preferably ACAMS certification. Leadership and problem-solving abilities are essential.
  • You will manage AML controls, conduct customer verifications, lead a team, support audits, analyze compliance metrics, and enhance policies while providing AML expertise and training.

Requirements

  • Bachelor’s degree or industry recognised certification required (alongside appropriate industry experience)
  • Must have 5-10 years of AML and Sanctions compliance experience in banking/financial operations and experienced in utilizing external research tools to confirm facts
  • Intermediate skills with AML compliance program requirements and experience with program/project management and familiarity with FATF, FSA international standards, and practices and knowledge of banking/financial operations, transaction processing and/or payments-related industry experience is preferred
  • Sound judgment with strong stakeholder management skills proven ability to persuade and drive results
  • Proven ability to work independently in a fast-paced matrix environment or as a team player and function effectively in a dynamic, fast paced environment while handling multiple projects and consistently meeting deadlines
  • Practical problem solver with demonstrated ability to partner effectively with others in handling complex and/or sensitive issues
  • Confident and seasoned leader with strong interpersonal skills and sound business judgment
  • Demonstrated effectiveness operating in complex organizational structure
  • Superior attention to detail, problem-solving, organizational, and written/verbal communication skills
  • Certified Anti-Money Laundering Specialist (ACAMS) certification preferred

Responsibilities

  • To support the regional AML MLRO with implementation and monitoring of controls to manage AML and Sanctions risks across the EEMEA region
  • Perform customer identification, verification, and monitoring procedures on new and existing customers to ensure adherence to Mastercard & MPMS AML Standards and requirements
  • Support audit and quality control engagements and address remediating actions and/or findings as necessary
  • Support third party testing and audits as directed by regional MLRO
  • Lead a dedicated team of regional AML & Sanctions analysts and provide development and coaching
  • Support MLRO with special projects and necessary conversions initiatives
  • Develop and maintain relevant metrics to identify trends and establish action items for compliance program preservation and enhancements
  • Develop relationships and work cross functionally with MPMS internal stakeholders, product teams, legal and regulatory counsels, and business partners at all levels within the organizational hierarchy
  • Maintain robust understanding of card network functionality, prepaid products, and required compliance controls
  • Support the Regional AML MLRO in ongoing management of MPMS cardholders, in adherence with Mastercard’s Rules & MPMS policies
  • Support disposition of relevant alerts, escalations, and investigative inquiries
  • Assist in the investigation and response of PEP & sanctions related matters; triaging inquiries to determine those which require further escalation and tracking all escalations/inquiries to ensure timely response
  • Support MLRO in documenting detailed policies and procedures and recommend continuous enhancements
  • Provide AML and sanctions expertise, guidance, and approvals where necessary
  • Support and inquiries related to audit and external inquiries
  • Support staff development and provide periodic AML and sanctions training
  • Support MLRO with special projects & key initiatives
  • Effectively manage diverse regional team of dedicated analysts and provide development coaching

FAQs

What is the main purpose of the AML Compliance Manager role?

The main purpose of the AML Compliance Manager role is to support the Anti-Money Laundering and Sanctions Compliance Program, assisting the regional AML MLRO in managing AML and sanctions risks across the EEMEA region.

What are the key responsibilities of the AML Compliance Manager?

Key responsibilities include supporting the regional AML MLRO with customer identification and monitoring, managing alerts and investigations related to PEP and sanctions, providing AML and sanctions training, and leading a team of analysts.

What qualifications are required for this position?

A Bachelor’s degree or industry-recognized certification, alongside 5-10 years of AML and Sanctions compliance experience in banking or financial operations, is required. Certification such as ACAMS is preferred.

Is experience in specific regulations important for this role?

Yes, familiarity with FATF, FSA international standards, and banking/financial operations is important, along with experience in project management related to AML compliance.

What skills are essential for success in this role?

Essential skills include strong judgment, stakeholder management, the ability to work independently in a fast-paced environment, superior attention to detail, problem-solving abilities, and strong communication skills.

Will I be responsible for a team in this position?

Yes, you will be responsible for effectively managing a diverse regional team of dedicated analysts, providing development coaching, and supporting their professional growth.

How does Mastercard regard information security in this role?

Mastercard expects all employees to adhere to security policies and practices, ensure the confidentiality and integrity of information accessed, report any suspected violations or breaches, and complete mandatory security training.

Are there opportunities for professional development in this role?

Yes, the role includes supporting staff development and providing periodic AML and sanctions training, which suggests opportunities for professional growth and development.

What type of projects will I support as an AML Compliance Manager?

You will support special projects and key initiatives as directed by the regional MLRO, helping to enhance the AML and sanctions compliance program.

Does this role require knowledge of transaction processing or payment-related industries?

Yes, knowledge of transaction processing and/or experience in the payments-related industry is preferred for this position.

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Mastercard

Connecting Everyone to Priceless Possibilities

Consulting
Industry
10,001+
Employees
1966
Founded Year

Mission & Purpose

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.