We are looking for a detail-oriented and proactive Business Payments AML Compliance Specialist to join our compliance team. The specialist will ensure that the organization complies with anti-money laundering (AML) regulations and guidelines in the business payments sector (B2B). This role involves monitoring transactions, conducting know-your-business (KYB) on customers, and working closely with diverse teams to maintain regulatory compliance while mitigating financial crime risks.
Duties and responsibilities
AML Monitoring and Investigation:AML Monitoring and Investigation:
- Design and implement a comprehensive KYB program to review businesses who wish to use the company's B2B money transfer service.
- Monitor business payment transactions for suspicious activity, identifying potential money laundering or terrorist financing risks.
- Analyze alerts generated by AML monitoring systems and escalate findings for further review.
Regulatory Compliance:
- Ensure compliance with applicable AML regulations, including the BSA and PCMLTFA
- Keep abreast of applicable of regulatory changes and update internal policies and procedures accordingly.
- Assist in preparing for audits and regulatory examinations related to AML compliance.
Policy Development and Maintenance:
- Collaborate with the compliance team to develop, update, and implement AML policies, procedures, and controls.
- Provide suggestions for improving AML monitoring tools and systems.
Training and Awareness:
- Serve as a point of contact for B2B AML related inquiries and guidance across the organization.
Reports and Documentation:
- Maintain accurate and up-to-date records of investigations, reports, and compliance activities.
- Prepare periodic compliance reports for senior management, summarizing key findings and trends.
Information Security Responsabilities
- Read, acknowledge and comply with Viamericas Staff Information Security Policy via the Information Security training portal. This should be done within 30 days of hire and repeated annually.
- Attend periodic Information Security training provided by Viamericas’.
- Report any event that might be an Information Security Incident: clicked on a malicious link, downloaded and opened a suspicious file, etc.
Qualifications
Education and Experience:
- Bachelor’s degree in finance, business, law, or a related field (or equivalent experience).
- Minimum of 5 years of experience in AML compliance, preferably within the B2B payments industry.
Skills and Competencies:
- Strong knowledge of AML regulations and financial crime compliance requirements.
- Excellent analytical and investigative skills, with great attention to detail.
- Effective communication skills, both written and verbal, to prepare reports and collaborate with cross-functional teams.
- Ability to work independently and handle confidential information with discretion.
- Full command of English and Spanish.
Working Conditions
- General office working conditions, with a hybrid work schedule.
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