AML Transaction Monitoring Lead at Klasha

About the Role

• As an AML Transaction Monitoring Analyst, you will play a vital role in protecting Klasha from risks associated with money laundering and financial crime.
• This role demands a keen eye for detail, strong analytical skills, and the ability to work collaboratively with various stakeholders.
• You will be responsible for monitoring, analyzing, and investigating suspicious financial activities and ensuring compliance with relevant AML regulations.
• The ideal candidate should have a strong understanding of AML laws, excellent analytical skills, and the ability to work collaboratively.
• Experience with AML tools is preferred.

Key Responsibilities
Transaction Monitoring:

• Continuously monitor and analyze financial transactions to detect suspicious activities or patterns that may indicate money laundering or other financial crimes.
• Utilize advanced monitoring systems and tools to ensure comprehensive oversight.

Investigation and Reporting:

• Conduct thorough investigations of flagged transactions, gather relevant information, and prepare detailed reports for submission to regulatory authorities.
• Ensure that all findings are documented meticulously and that reports are submitted in a timely manner.

Risk Assessment:

• Assess the level of risk associated with various transactions and customer accounts.
• Recommend appropriate actions to mitigate potential risks.
• Develop risk profiles and conduct enhanced due diligence where necessary.

Compliance Management:

• Ensure that all monitoring activities comply with relevant AML laws, regulations, and internal policies.
• Stay updated on changes in regulations and ensure that the organization's AML program reflects the latest requirements.

Collaboration:

• Work closely with other departments such as Compliance, Legal, and Risk Management to ensure a coordinated approach to AML efforts.
• Participate in cross-functional meetings and contribute to the development of comprehensive compliance strategies.

Training and Awareness:

• Provide training and guidance to employees on AML best practices.
• Develop training materials and conduct workshops to create a culture of compliance within the organization.

Stay Informed:

• Keep abreast of the latest AML regulations, trends, and emerging threats by participating in professional forums, attending conferences, and pursuing continuous education.
• Share insights and updates with the team to ensure collective awareness.

Documentation and Record-Keeping:

• Maintain accurate and detailed records of all transaction monitoring activities, investigations, and compliance efforts.
• Ensure that documentation is readily accessible for audits and regulatory reviews.

System Improvement:

• Recommend and implement improvements to monitoring systems and processes to enhance the effectiveness of the AML program.
• Work with IT and other relevant departments to ensure that systems are up-to-date and capable of meeting regulatory requirements.

Customer Due Diligence (CDD):

• Perform thorough CDD on new and existing customers, ensuring that all required information is collected and verified.
• Identify high-risk customers and ensure that appropriate monitoring and review processes are in place.

Regulatory Reporting:

• Prepare and file Suspicious Activity Reports (SARs) in accordance with regulatory requirements.
• Ensure that all reports are accurate, comprehensive, and submitted within required timeframes.

Audit Support:

• Assist in internal and external audits related to AML compliance.
• Provide necessary documentation and explanations to auditors, and take corrective actions based on audit findings.

Nice to Have:

• Experience with data analytics and advanced monitoring techniques.
• Knowledge of specific regulatory requirements in different jurisdictions.
• Familiarity with blockchain and cryptocurrency transactions.
• Experience in developing and implementing AML training programs.

Job Requirements

• A Bachelor's Degree in Finance, Economics, Business, or a related field is essential.
• Advanced degrees or specialized training in AML or financial crime prevention are a plus.
• Holding certifications such as CAMS (Certified Anti-Money Laundering Specialist) or CFCS (Certified Financial Crime Specialist) is highly preferred.
• Additional certifications in compliance or risk management are advantageous.
• 3-5 years of experience in AML, compliance, or a related role is required.
• Experience in transaction monitoring and investigations is crucial.
• Experience in a financial institution or regulatory agency is a plus.
• Strong analytical and problem-solving skills to identify suspicious activities and develop effective solutions.
• Ability to interpret complex data and draw meaningful conclusions.
• Familiarity with AML regulations, principles, and best practices.
• Proficiency in using monitoring systems and tools.
• Knowledge of data analytics and advanced monitoring techniques is beneficial.
• High attention to detail and a commitment to accuracy in all aspects of transaction monitoring and reporting.
• Ability to manage multiple tasks and meet deadlines without compromising quality.
• Ability to work independently and as part of a team.
• Strong communication and interpersonal skills to effectively collaborate with various stakeholders.
• Ability to present complex information clearly and concisely.
• A proactive attitude towards continuous learning and professional development to stay current with the evolving AML landscape.
• Engagement in ongoing training and participation in industry forums.

Benefits

• Access to cutting-edge technology and resources necessary for the role.
• Private health insurance.
• Paid birthday day off.
• Paid parental leave.
• Menstrual leave.
• Budget for French or Chinese language classes.
• Learning support budget.
• Generous stock option plan for full-time permanent employees.