Head of AML and Compliance (PCF-12 and PCF-52)

Job Title: Head of Compliance and AML (PCF-12 & PCF-52) Position Summary The Head of AML and Compliance is a designated position responsible for ensuring that ACE Money Transfer is fully compliant with local and international money laundering, counter-terrorist financing and other applicable regulations. The Head of AML and Compliance will participate in the drafting and issuing policies, guidelines and procedures related to anti-money laundering and counter-terrorist financing and other compliance-related areas.
He/she will conduct anti-money laundering compliance risk assessments, monitor periodic compliance audits, and regularly review and improve control policies and procedures where necessary. Job Responsibilities:

• Preparing, reviewing and updating AML/CTF Program Manual and Compliance Manual and making it available to relevant stakeholders.
• Reviewing new laws related to the firm’s operations and deciding how they impact the company's operational process and updating relevant policy and procedures.
• Making sure appropriate due diligence is carried out on customers and business partners.
• Manage and conduct companywide AML /CTF risk assessment and customer risk assessment
• Responsible for timely updating internal AML/CTF monitoring software to adapt to changing business needs. Ensure the software aligns with regulatory requirements, industry best practices, and internal policies, enabling effective AML/CTF and compliance program management and risk mitigation.
• Receiving internal Suspicious Transaction Reports (STRs) from staff, deciding which internal STR’s need to be reported & reporting those to the FIU and recording all decisions relating to STRs appropriately.
• Ensuring staff receive anti-financial crime and compliance training when they join and that they receive regular refresher training
• Making sure that all business records are kept in accordance with applicable laws.
• Monitoring all the activity of the business with reference to potential financial crime risk
• Submitting and presenting in a timely manner, on at least an annual basis, a report to the Board known as the “Compliance Officer Report” covering the overall performance of the department, commentary on the effectiveness of the Firm’s AML/CFT systems and controls and identification and recommendations on area of improvement in the management of the Firm’s AML/CFT framework.
• Ensuring all regulatory reporting is timely and accurately submitted to concerned regulators.
• Acting as primary contact person and coordinating with local regulatory bodies related to information requests, audits and reviews in countries where ACE Money Transfer operates.
• Managing periodic internal and external reviews and audits to ensure that compliance procedures are followed.
• Work in close liaison with other departmental heads and legal/corporate advisors of the company and advising other departments on issues regarding money laundering and terrorist financing along with ensuring sufficient education of management and employees within the approved policy framework.
• Oversee the departmental Development & Training in line with organisational training procedures.
• Defining Key performance indicators of different departments under the reporting.
• Forming sub-teams of concerned departments and monitoring the performance of teams on a regular basis.
• Perform other relevant duties as assigned by the CEO and Board of Directors.

• Bachelor’s degree in finance, business, law, or related field; advanced degrees preferred.
• Certification in AML and financial crime prevention.
• 10+ years of AML and compliance experience in the financial industry.
• Experience managing a compliance/AML team.
• In-depth knowledge of AML laws, regulations, and best practices.
• Strong leadership, analytical, and problem-solving skills.
• Excellent communication skills for diverse stakeholders.
• Proficiency with AML software and technology solutions.
• High ethical standards and integrity.