Anti Money Laundering jobs in United States

Position at Moneycorp

Moneycorp is a thriving dynamic business with an excellent reputation helping Corporate and Private Clients with their FX and International Payments requirements for over 40 years. As a globally expanding business, our footprint covers UK & Ireland, Europe, USA, Canada, Hong Kong, UAE, and Brazil! With our extremely rare single IBAN multi‑currency account, we are able to assist with a variety of different payment needs, including business payment solutions, personal payments abroad (for example buying a property), travel money, as well as the ability to offer interest on deposits. Supplementing this, we also support the global supply chain of wholesale banknotes through our Financial Institutions Group (FIG) and partnership with the US Federal Reserve Bank, to build deeper payment relationships with international banking customers. It is through obtaining our own banking and payment licenses, the acquisition of two banking platforms and access to 16+ liquidity providers that we are able to proposition a trailblazing FinTech payment infrastructure that simplifies our customer's diverse business needs and reduce their costs. There is no doubt that we are a major player and differentiated ourselves in a continuously evolving and competitive industry. With 500+ employees, Moneycorp prides itself in attracting some of the world's top talent and the people who work at Moneycorp are truly behind its continued success. As Moneycorp continues to expand into new territories, there are considerable opportunities for growth for newcomers and the learning possibilities are endless. We welcome you to be part of a team which has a passion for the business, all within a collaborative and supportive working environment that has ultimately translated to a unique exciting business. To find out more about our journey click here.

Moneycorp is seeking an AML Compliance Officer as part of our 2nd Line of Defence (2LOD) team based in Coventry, on a permanent basis. 2LOD advises the business on all regulatory obligations related to Anti‑Money Laundering (AML) and financial crime. This role involves managing Moneycorp's UK AML and sanctions compliance operations to ensure adherence to relevant laws, regulations, policies, and procedures, while also addressing emerging financial crime risks. You will have the opportunity to assist the 2LOD team in supporting the Money Laundering Reporting Officer (MLRO) with the oversight of front and back‑office controls, as well as the functional responsibilities associated with the delegated functions that the organization must demonstrate are carried out in Business as Usual (BAU) operations. Additionally, the role will involve establishing and maintaining standards, relevant policies, procedures, and best practices for identifying, preventing, detecting, and correcting AML and sanctions risks. This will ensure the effectiveness and efficiency of the AML control environment for the UK Moneycorp entities, which include TTT Moneycorp Limited (an Authorized Payment Institution) and Moneycorp Financial Risk Management Limited (a MiFID Investment Firm).

• Support delivery of the strategic road map of financial crime related topics for the Moneycorp UK entities.

• Review update, develop and implement policies and procedures to minimise and manage AML and sanctions risk, advising the 1st LOD on actions to be taken.
• Act as a subject matter expert on AML and screening topics, providing technical advice and bespoke training to front office dealers and outsourced service providers.
• To ensure the business complies with all relevant legislation, rules, regulations and codes of conduct.
• Delivers effective AML regulatory change impacts where appropriate across the organisation to improve the controls environment and minimise risk.
• Produce analytical management information and QA trends analysis on AML and sanctions for submission to the relevant governance committees monthly.
• To self‑motivate and advise fellow compliance colleagues and the team as a whole to collectively address outstanding compliance issues and evidence meeting their overall objectives.
• Ensure information and representation is made as required for internal and external audit including external regulatory stakeholder management.
• Documents, manage and report suspicious activity to regulatory bodies: National Crime Agency (including negotiations of consent), HM Treasury, working alongside the firm’s MLRO, DMLRO and AML Manager as instructed.
• Undertake escalation from 1LOD, including sales and dealing, as it relates to onboarding clients, refreshing CDD and EDD, PEPs, sanctions, transaction monitoring and alerts, adverse media, and UBOs.
• Communicate internally with client facing departments where consent has not been granted by the NCA and propose plan closures where required as Moneycorp will not be able to accept any funds/proceeds of potential financial crime/acts of terrorism.
• Undertake compliance advisory/monitoring and raise actions to discuss with heads of departments, agreeing actions and timeline for delivery.
• Assist in the development and carrying out of the risk assessment across the business.

• Assist as directed in the developing and delivery of responses to contacts for the regulatory relationships with LEA.
• Define, understand and disseminate current and emerging AML and sanctions regulatory compliance in the UK, across compliance teams and the business keeping your training up to date.
• Ensure all of the AML and Sanctions compliance programmes are fit for purpose and have effective monitoring with full compliance oversight.
• Work with the AML Manager to provide the required level of detail for effective governance, escalation and reporting between the UK and Group - providing compliance presence on any other associated compliance advisory issues that arise as part of normal BAU process and project/ working group.
• Work with relevant internal and external audit functions and monitoring and testing teams to ensure the risk based approach does not have gaps in process and issues are remediated in a timely fashion.

• Working with the team, AML Manager, DMLRO & UK Head of Risk and Compliance, build a culture of compliance in the UK entities that encourages all employees to play their part and ensures commitment to internal controls, risk management and high ethical standards.

• 12+ months experience in regulatory compliance with knowledge of banking, AML and regulations
• Experience in managing and/or oversight of AML, On‑boarding DD and Fin Crime issues/reporting, utilising JMLSG guidance and best practice
• Consistently remains up‑to‑date with market trends

• Knowledge and understanding of the UK payments and foreign exchange sector

• The ability to work under pressure in a fast‑paced environment
• Good organisational skills including prioritisation
• Clear communicator, both verbal and written
• Proficient in Microsoft Office suite of applications
• Strong communication and interpersonal skills
• Ability to work collaboratively across all business units and establish credibility quickly
• Delivery focused with a hands on approach
• Strategic and proactive thinker with the ability to see the bigger picture

The successful candidate will be part of a dynamic team and work in a fast‑paced environment, catering to a diverse mix of stakeholders with varying needs. Therefore, the ideal candidate should be a self‑starter, as there is an opportunity to make an immediate and tangible contribution to the business. This is a full‑time, permanent position with an opportunity to work hybrid within the Risk & Compliance team based in our Coventry office. This role offers a competitive salary, plus a benefits package including private medical health insurance.

If the role sounds like you, we invite you to upload a copy of your CV and can do this by clicking on the Apply Now button. For company news, announcements and market insights, visit our News Hub. You can also find Moneycorp on Facebook, Twitter UK, Twitter Americas, Instagram, LinkedIn, where you can discover how we are leading the way in global payments and currency risk management.

Moneycorp is proud to be an Equal Opportunity employer. Across our Group, Moneycorp maintains a philosophy that an inclusive company culture inspires creativity, fosters a sense of belonging, and is imperative to both personal and professional growth. With a makeup of 47 percent female employees, Moneycorp has a remarkably diverse workforce. Our commitment to inclusion and opportunity continues to evolve and improve as we listen and engage with our diverse teams. All qualified applicants will receive consideration for employment without regard to age, colour, family or medical care leave, gender identity or expression, genetic information, marital status, medical condition, national origin, political affiliation, status as an individual with a physical or mental disability status as an individual with a protected veteran status, race, religion, sex (including pregnancy), sexual orientation, or any other characteristic protected by applicable laws, regulations and ordinances. Moneycorp believes that diversity is critical to our success in helping Corporate and Private Clients with their FX and International Payments requirements across the world and is committed to creating an inclusive, mutually respectful environment which celebrates diversity. We hire on the basis of talent, merit, competence, performance, and business needs.