Under general supervision from Sr. management this position supports the development, implementation and enforcement of policies, procedures, and compliance programs designed to minimize potential money laundering risk for Western Union and its affiliates, within the established strategies of the AML Compliance Department.
Specifically, leads and contributes to the global operation that provides AML Compliance support to agents and sub-agents of Western Union and affiliates to help build AML/CTF compliance programs that are in compliance with anti-money laundering laws as they apply to Money Services Businesses.
This also includes the assistance to upper management in the evaluation of internal controls and anti-money laundering compliance programs for agents/sub-agents through transaction analyses, compliance reviews and training sessions (Front Office).
Responsible leading the Back Office processes that consist of following up with WU agents concerning review findings detected during a Program Review (this includes Follow Up, Probation, Suspension, Reactivation and Termination processes).
Supervises the support team that assists IRS Agents and Banks requests on an ongoing basis.
Responsible for ensuring a high quality and productivity of the AML training calls, Program Reviews and Back Office procedures conducted by the New Agent Coordinators and Compliance Officers.
Provides assistance to Department management in the development of overall Department strategies, goals and initiatives.
Manages projects to implement new regulatory demands or internal policy changes globally.
Coordinates activities with supervisors/team leaders, managers and management outside the Department as appropriate.
May provide training, job performance counseling and resource support to staff.
Provides periodic and comprehensive reporting to management on group activities and performance.
Performs compliance database administration, program metrics and management reporting.
Supervises staff and performs administrative functions, including staffing, employee coaching, performance evaluation, and training.
Five plus years of relevant experience in complex retail/consumer financial services/payment services organizations with multiple financial products, or a regulatory agency or law firm involving payment services compliance issues relating to anti-money laundering acts, and related laws/regulations.
May require minimum of 3 years experience in a management/supervisory position with multiple direct reports.
University Bachelor's degree required as minimum. Knowledge of retail/commercial financial products/services.
Understanding of anti-money laundering regulations within the banking/financial services industry.
Minimum of 3-5 years experience in any of the following: anti-money laundering and counter terrorist financing compliance, general compliance and/or risk based compliance, yielding a comprehensive understanding of technology and best practices in the compliance field.
Proven track record of moderately complex problem solving and decision-making ability.
Strong analytical skills. Effective leader and team player. Effective communicator, orally and in writing.
Typically focuses on various regions.
Core competencies oriented. These include:
1. Basic knowledge of applicable compliance issues and requirements;- Basic understanding of payments products, services, and operations (or equivalent in other financial services organizations) - Basic knowledge of anti-money laundering regulations and regulatory developments - Keeps abreast of changes in anti-money laundering and regulatory policies.
2. Leadership - may need to provide leadership to a team of people charged with a task - able to work towards to effectively manage staff.
3. Team player - Works effectively with others to identify and resolve issues - Effectively motivates to achieve common goals. Builds self confidence in others. - Shares information and keeps team members and supervisors informed
4. Strategic Thinking and Planning - Strong analytical skills
With a 160-year history of connecting people when it matters most, Western Union continues to shape the world in which we live. Western Union offers one of the easiest ways for families and friends to send money and stay connected almost anywhere in the world. It all comes down to the relationships we've established over many years. We take pride in being close to our consumers. Together with our Agents, we speak our consumers' languages and live in our consumers' neighborhoods. And we share our consumers' cultures. We are a significant part of each other's lives.As a result, our Agents and employees are more like ambassadors. They are ambassadors of trust. Ambassadors of responsibility. And ambassadors of hope. They are the living, breathing manifestation of who we are as a company and everything we stand for: Integrity. Partnership. Opportunity. Passion. Teamwork.
WesternUnion - 7 months ago