AML Compliance Officer

The AML Compliance Officer will be responsible for developing, implementing, and maintaining the Anti-Money Laundering (AML) program within the organization. This role ensures compliance with all relevant AML regulations and safeguards the organization against risks associated with money laundering and terrorist financing.

The AML Compliance Officer will oversee risk assessments, transaction monitoring, customer due diligence, and reporting of suspicious activities. They will also serve as the point of contact for regulatory bodies and collaborate with internal departments to ensure that the organization adheres to industry best practices.

• Developing and Implementing AML Policies and Procedures: Creating and maintaining a robust AML program that aligns with regulatory requirements and industry best practices.
• Conducting Risk Assessments: Identifying and evaluating potential money laundering and terrorist financing risks within the company and its operations.
• Monitoring Transactions and Activities: Regularly reviewing transactions and business activities for suspicious patterns or red flags.
• Reporting Suspicious Activity: Filing Suspicious Activity Reports (SARs) with relevant authorities when necessary.
• Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD): Implementing and overseeing CDD and EDD procedures to verify customer identities and assess their risk profiles.
• Training and Awareness: Providing AML training to employees to ensure they understand their obligations and can identify suspicious activity.
• Staying Current with Regulations: Keeping abreast of changes in AML regulations and industry best practices.
• Coordinating with Internal and External Stakeholders: Collaborating with other departments, regulatory bodies, and external auditors.
• Maintaining Records: Ensuring accurate and complete records of AML compliance activities.
• Implementing AML Software: Helping choose and implement the right AML software to automate KYC, screening, risk assessment, and record-keeping requirements.

• Professional Background: Minimum 3-5 years of experience as a corporate paralegal or compliance officer in auto-financing, financial services, or fintech.
• Regulatory Knowledge: Strong understanding of SEC corporate compliance, LTO regulations for vehicle financing, financial lending laws, and BSP regulations on fintech operations.
• Legal Expertise: Proficiency in contract drafting, corporate governance, regulatory compliance, and financial risk management.
• Communication: Excellent verbal and written communication skills for preparing legal documents and handling regulatory inquiries.
• Analytical & Problem-Solving: Strong ability to interpret financial regulations, corporate laws, and risk management policies.
• Negotiation Skills: Experience in resolving regulatory disputes, corporate transactions, and compliance-related settlements.
• Organizational Skills: Detail-oriented, with the ability to manage multiple compliance deadlines and legal filings.
• Technical Proficiency: Knowledge of legal research tools (e.g., Westlaw, LexisNexis), compliance management software, and SEC/LTO online filing systems.

• Bachelor's degree in Finance, Business, Law, or a related field
• Professional certification in AML (e.g., CAMS, ICA) preferred
• 3+ years of experience in AML compliance or related fields
• Strong knowledge of AML regulations, industry standards, and best practices
• Ability to analyze complex financial transactions and identify potential risks
• Excellent communication, organizational, and interpersonal skills
• Proficiency in AML software and transaction monitoring systems