Accountabilities and Responsibilities
Under the guidance of Managers, Directors and/or Managing Directors, the Senior/ AM is responsible for assisting a variety of financial institutions in addressing US/ UK/ Global AML
Regulations (or Guidance) namely Bank Secrecy Act, US Patriot Act, Money Laundering Regulations, Proceeds of Crime Act (POCA), FATF etc.
Engagements may involve assessing gaps against regulatory requirements and leading industry practices;
assessing money laundering/ Office of Foreign Assets Control (OFAC) risks; testing systems and controls (Independent Testing); conducting retrospective transaction reviews; conducting customer file remediation and risk ranking; creating management reporting and metrics, among other things.