Associate - AML

About the role

Waystone is seeking a dedicated Associate for our Anti-Money Laundering (AML) team, located in Cashel, Tipperary. This contract position is ideal for individuals looking to enhance their expertise in compliance and financial regulations. As an Associate, you will play a crucial role in supporting our AML initiatives, ensuring that our operations adhere to the highest standards of regulatory compliance. You will work closely with experienced professionals in the field, gaining valuable insights and skills that will contribute to your career development in the financial services industry.

Key facts

What you'll do

• Assist in the execution of AML compliance programs, ensuring adherence to relevant regulations and internal policies.
• Conduct thorough investigations of suspicious transactions and activities, documenting findings and reporting them as necessary.
• Collaborate with senior AML analysts to identify potential risks and develop strategies to mitigate them effectively.
• Support the preparation and submission of regulatory reports to relevant authorities, ensuring accuracy and timeliness.
• Participate in the development and implementation of AML training programs for staff, promoting a culture of compliance within the organization.
• Monitor and analyze customer transactions to detect unusual patterns or behaviors that may indicate money laundering activities.
• Maintain up-to-date knowledge of AML regulations and best practices, contributing to continuous improvement of compliance processes.
• Assist in the preparation of internal and external audits, providing necessary documentation and support to auditors.
• Engage with various stakeholders, including clients and regulatory bodies, to address compliance inquiries and provide guidance on AML matters.
• Contribute to the enhancement of AML systems and tools, ensuring they meet the evolving needs of the organization.
• Prepare detailed reports and presentations for management, summarizing findings and recommendations related to AML compliance.
• Support the team in ad-hoc projects and initiatives aimed at improving the overall effectiveness of the AML function.

Requirements

• Bachelor's degree in finance, business, law, or a related field.
• A minimum of 2 years of experience in AML compliance or a related area within the financial services sector.
• Strong understanding of AML regulations, including the Criminal Justice Act and the Money Laundering Regulations.
• Excellent analytical skills with the ability to interpret complex data and identify trends.
• Proficient in using compliance software and tools for transaction monitoring and reporting.
• Strong communication skills, both written and verbal, with the ability to convey complex information clearly and concisely.
• Detail-oriented with a high level of accuracy in documentation and reporting.
• Ability to work independently and collaboratively in a fast-paced environment.
• Strong organizational skills, with the ability to manage multiple tasks and meet deadlines.

Nice to have

• Professional certifications such as CAMS (Certified Anti-Money Laundering Specialist) or equivalent.
• Experience with financial crime investigations or forensic accounting.
• Familiarity with risk assessment methodologies and tools.
• Knowledge of international AML standards and practices.
• Proficiency in a second language, which may be beneficial in dealing with international clients.

Skills & tools

• Proficient in Microsoft Office Suite (Excel, Word, PowerPoint) for reporting and analysis.
• Familiarity with AML compliance software and transaction monitoring systems.
• Strong research skills for staying updated on regulatory changes and industry trends.
• Ability to utilize data analytics tools for enhanced transaction analysis.

Practical notes

• This position is based in Cashel, Tipperary, and may require occasional travel for training or meetings.
• The contract duration and potential for extension will be discussed during the interview process.
• Candidates must have the legal right to work in Ireland; visa sponsorship is not available for this role.
• Interested applicants can apply through the Waystone careers page at the provided URL.

Join Waystone and be part of a dynamic team committed to excellence in AML compliance. Your contributions will be vital in safeguarding our organization and ensuring we meet our regulatory obligations. We look forward to your application!