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AML Compliance Manager

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Mastercard

19d ago

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

AI generated summary

  • You need a bachelor's degree, 5-10 years of AML compliance experience, strong stakeholder management, problem-solving skills, and preferably ACAMS certification.
  • You will manage AML controls, perform customer monitoring, lead a team, support audits, develop metrics, ensure compliance, and provide training while collaborating with internal stakeholders.

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 all 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 primary role of the AML Compliance Manager?

The primary role of the AML Compliance Manager is to support the implementation and monitoring of Anti-Money Laundering and Sanctions Compliance Programs, reporting to the regional AML MLRO.

What qualifications are required for this position?

A Bachelor's degree or an industry-recognized certification, along with 5-10 years of AML and Sanctions compliance experience in banking or financial operations, is required for this position.

What specific skills are essential for the AML Compliance Manager?

Essential skills include strong stakeholder management, judgment, problem-solving abilities, organizational skills, attention to detail, and effective communication skills, both written and verbal.

Is knowledge of international AML standards necessary for this role?

Yes, familiarity with FATF, FSA international standards, and practices is preferred for this role.

What certifications are preferred for candidates applying for this position?

The Certified Anti-Money Laundering Specialist (ACAMS) certification is preferred.

What are some key responsibilities of the AML Compliance Manager?

Key responsibilities include supporting the regional AML MLRO, managing customer identification and monitoring procedures, conducting investigations related to PEPs & sanctions, and providing training to staff.

Will the AML Compliance Manager lead a team?

Yes, the AML Compliance Manager will lead a dedicated team of regional AML & Sanctions analysts and provide coaching and development.

What type of environment does the AML Compliance Manager need to thrive in?

The AML Compliance Manager should be able to work independently in a fast-paced matrix environment or as a collaborative team player.

What security responsibilities does the AML Compliance Manager have?

The AML Compliance Manager is responsible for abiding by Mastercard's security policies, ensuring information confidentiality and integrity, reporting security violations, and completing mandatory security training.

What measures are in place for staff development in this role?

The AML Compliance Manager will support staff development through providing periodic AML and sanctions training and offering coaching to team members.

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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.