Post Assurance Manger at ACE Money Transfer – Kharian City, Punjab

The Manager of the Post-Assurance Unit plays a pivotal role in supporting the Deputy Money Laundering Reporting Officer (MLRO) in fulfilling the unit's responsibilities. This includes assisting in monitoring and ensuring the effective implementation of ACE's Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) policies and procedures.

• Perform Quality Assurance reviews of AML Transaction Monitoring (TM), investigations, and other Financial Crime Prevention controls and actions. This includes sourcing and analyzing data, selecting samples, independently reviewing sampled AML TM alerts and investigations, drafting results, and reporting findings to the Deputy MLRO.

• Keep up to date with applicable regulations, policies, and procedures.

• Prepare and maintain policies, procedures, and standard operating procedures for the Post-Assurance Unit, ensuring they remain current.

• Anticipate and address compliance issues before they escalate, demonstrating a proactive approach to risk management.

• Independently execute testing activities to assess the design and effectiveness of controls and confirm compliance with applicable regulations, policies, and procedures.

• Identify and evaluate new typologies indicative of money laundering and terrorist financing (ML/TF) activities through bulk data analysis, including the concentration of payments at particular pay-out locations and variances in business trends or volumes.

• Conduct quality assurance reviews of escalation management, regulatory reporting, third-party data requests, transaction alerts from third parties, and regulatory inquiries to ensure all activities are performed in accordance with defined policies and procedures and regulatory expectations. Report any anomalies in a timely manner to the Deputy MLRO.

• Identify and report suspicious activities to the Money Laundering Reporting Officer (MLRO) and subsequently to the local Financial Intelligence Unit (FIU) in a timely manner. Additionally, perform quality assurance checks to ensure that all suspicious activity reports are submitted to relevant stakeholders within the stipulated timeframe.

• Train new team members on escalation management unit responsibilities.

• Assist the Head of Compliance in staff performance evaluations by maintaining accurate performance records of team members.

• Propose new controls for the effective management of ML/TF risks.

• Perform miscellaneous job-related duties and special projects as assigned.

• Bachelor’s degree in Finance, Business, Law, or a related field.

• Minimum 7 years of experience in AML and compliance.

• Preferred certifications include ACAMS or CFCS.

• Excellent knowledge of AML/CTF regulations and compliance requirements.

• Strong attention to detail in conducting reviews and compliance assessments.

• Strong problem-solving skills to identify and address system failures and control deficiencies.

• Advanced analytical capabilities to evaluate data, detect patterns, and assess compliance risks effectively.

• Excellent verbal and written communication skills to convey findings, recommendations, and reports to stakeholders.

• Strong team-building and team-leading skills.