AML Operations Associate at LemFi (Formerly Lemonade Finance)

Job Summary

• The role of AML Operations Associate, reporting to the Customer Due Diligence Manager, is a fully remote position within LemFi’s global Compliance team.
• In this role, you should have general knowledge of standard global AML/CFT compliance program requirements and best practices.
• The ideal candidate should have a background of three years in an AML compliance operational role involving simplified or enhanced due diligence (EDD), transaction monitoring, and general case investigations related to red flag behaviours or suspicious activities.

Important note: this role will require occasional rotating evening and/or weekend shifts. You must be willing to fulfil this, if assigned.

Responsibilities Are As Follows

• Ability to apply risk based knowledge when approving customer requests;
• Ensure tracking logs are updated;
• Provide management updates and data metrics on compliance operational tasks;
• Escalate concerns to Compliance Management;
• Perform enhanced due diligence on higher-risk customers and provide recommendations on the customer relationship to the Compliance Officer;
• Be a key point of contact and lead on the firm's partner due diligence program;
• Engage in cross-functional responsibilities and assist the Compliance Officers where needed;
• Actively develop and maintain knowledge of AML and criminal trends, methods and typologies, and subsequently applying these to the assessment of customer identification, verification, and behavioural data to identify unusual activity;

Requirements

• University degree or equivalent experience;
• 3 years experience in an AML operational role at a fintech or financial institution;
• Experience with daily AML operational responsibilities such as KYC and ID verification, EDD, and transaction monitoring clearing and decisioning;
• Risk based decision making
• The ability to act independently and self motivate
• Proficient in Microsoft Office Suite or Google Sheets;
• Excellent analytical, investigative, verbal and written communication skills, particularly in English;
• Exceptional organizational skills and fine attention to detail;
• Ability to balance competing priorities on a daily basis, take ownership of work product in the absence of continuous guidance, and consistently deliver results;
• Adaptability to global operational needs and ability to work in a rapidly changing business and regulatory environment.