AML Advisory

Lamwork; United States; On-site; USD 81,000 - 99,000; Full time

Job summary

Lamwork is seeking an AML Advisory professional to serve as an in-house expert on anti-money laundering compliance and risk escalation. This role involves advising business units on AML regulations and developing necessary policies and procedures.

The ideal candidate will have significant experience in financial crimes compliance, advanced regulatory knowledge, and strong communication skills. The position offers competitive compensation based on experience and the complexity of the regulatory environment.

Qualifications

• Five to seven years of experience in financial crimes compliance or a related regulatory function.
• Demonstrated record of managing high-risk relationships.
• Depth of regulatory expertise across multiple jurisdictions.

Responsibilities

• Advise first-line business units on AML/CFT regulatory requirements.
• Assess customer risk profiles during onboarding and periodic reviews.
• Develop and maintain AML/CFT policies and procedures.
• Oversee identification and remediation of AML control weaknesses.
• Coordinate cross-functional stakeholders on control enhancement projects.

Skills

AML/CFT Regulatory Knowledge

Risk-Based Customer Due Diligence

Policy and Procedure Development

Financial Crime Risk Assessment

Transaction Monitoring and Name List Screening

Stakeholder Engagement

Analytical Judgment

Cross-Functional Collaboration

Organizational Prioritization

Written and Verbal Communication

Education

Bachelor's degree related to finance or compliance

Job description

AML Advisory professionals serve as in-house experts on anti-money laundering compliance, risk escalation, and regulatory frameworks. Learn about the role, required skills, and average salary.

AML Advisory Overview

1. What Is an AML Advisory?

An AML Advisory professional sits at the intersection of financial crime compliance and business operations, serving as the primary internal authority on anti-money laundering regulations, risk identification, and escalation protocols. Day to day, they review high-risk customer relationships, assess controls across onboarding processes, provide guidance on Financial Crimes Compliance policy, and deliver targeted training to business units. Based on Lamwork's research across AML Advisory job data, demand for this role reflects the growing complexity of regulatory requirements facing banks, fintechs, and financial services firms.

2. AML Advisory Key Responsibilities

• Advise first-line business units on AML/CFT regulatory requirements, ensuring alignment with applicable laws and internal policy.
• Assess customer risk profiles during onboarding and periodic reviews, applying a risk-based approach to high-risk relationships and correspondent banking.
• Develop and maintain AML/CFT policies, procedures, and frameworks, incorporating regulatory updates and gap analysis findings.
• Oversee the identification and remediation of AML risk and control weaknesses across business lines and product risk assessments.
• Coordinate cross-functional stakeholders on control enhancement projects, escalating emerging issues to senior management with timely status reporting.

3. AML Advisory Required Skills

Lamwork's review of AML Advisory postings shows that the most competitive candidates combine technical regulatory knowledge with strong advisory and communication capabilities.

• Hard Skills: AML/CFT Regulatory Knowledge, Risk-Based Customer Due Diligence, Policy and Procedure Development, Financial Crime Risk Assessment, Transaction Monitoring and Name List Screening
• Soft Skills: Stakeholder Engagement, Analytical Judgment, Cross-Functional Collaboration, Organizational Prioritization, Written and Verbal Communication

Typical Career Progression for an AML Advisory:

• AML Analyst
• AML Advisory / AML Compliance Officer
• AML Manager / Head of Financial Crime Compliance

Reaching a senior-level advisory position typically requires five to seven years of progressively complex experience in financial crimes compliance or a closely related regulatory function. Advancement hinges on depth of regulatory expertise, the breadth of jurisdictions covered, and a demonstrated record of managing high-risk relationships and delivering program-wide improvements.

5. AML Advisory Certifications

Certified Anti-Money Laundering Specialist (CAMS) - the benchmark credential across banking and financial services

Certified Fraud Examiner (CFE) - reinforces fraud investigation credibility in financial crime roles

Certified Regulatory Compliance Manager (CRCM) - valued at banks with broad consumer and commercial compliance obligations

ICA Certificate in Anti Money Laundering - recognized in global financial institutions and multinational compliance teams

6. AML Advisory Salary in the United States

The U.S. Bureau of Labor Statistics does not track AML Advisory as a separate occupation. Based on the closest related role, Financial Examiners, the median annual salary is $90,400 per year, according to the most recent available data.

Pay for AML Advisory professionals is most significantly influenced by the complexity and geographic scope of the regulatory environment they cover, the seniority of stakeholders they advise, and the type of institution, with roles inside global banks or consulting firms typically commanding a premium over those at smaller regional institutions.