Aml Team Lead Jobs

AML Team Lead - Sanctions Screening Project

As an AML Team Lead for the Sanctions Screening Project, you will be responsible for overseeing the implementation and management of a comprehensive sanctions screening program . Your primary objective will be to ensure the organization's compliance with international sanctions regulations and policies while preventing any potential money laundering or terrorist financing activities. You will lead a team of 6 analysts and specialists, providing guidance, training, and support in all aspects of the sanctions screening process.

Key Responsibilities:

1. Sanctions Screening Program Management:

• Continuously evaluate and enhance the screening program to adapt to new regulatory requirements and industry best practices.
• Collaborate with cross-functional teams to integrate sanctions screening solutions into existing systems and processes.
• Design, develop, and implement a robust sanctions screening framework to monitor and detect potential sanctions violations.

2. Team Leadership:

• Lead and mentor a team of AML analysts and specialists involved in sanctions screening activities.
• Conduct regular team meetings, set performance goals, and provide ongoing feedback to ensure optimal team performance and development.

3. Compliance and Risk Mitigation:

• Collaborate with the compliance team to address any sanctions-related compliance issues promptly.
• Stay up-to-date with international sanctions laws, regulations, and guidelines, ensuring the organization's compliance with relevant authorities.
• Develop and maintain policies and procedures related to sanctions screening and monitor their adherence across the organization.

4. Technology and Tools:

• Work closely with IT teams to implement, upgrade, and maintain screening tools and technologies.
• Identify opportunities to leverage advanced analytics and machine learning techniques to enhance sanctions screening efficiency and accuracy.

5. Reporting and Communication:

• Coordinate with internal and external stakeholders, such as regulators and auditors, to address inquiries and provide necessary information.
• Prepare and present regular reports on sanctions screening performance, key metrics, and any identified potential risks to senior management and relevant stakeholders.

6. Training and Awareness:

• Organize and conduct training sessions for employees on sanctions regulations, policies, and procedures to increase awareness and promote a culture of compliance.

Qualifications and Requirements:

• Experience with implementing and managing sanctions screening solutions and technologies.
• Strong understanding of AML compliance processes and best practices.
• Proven experience (typically 5+ years) in AML compliance, with a focus on sanctions screening and managing AML teams.
• Problem-solving skills and the ability to make informed decisions quickly and confidently
• In-depth knowledge of international sanctions regulations, including OFAC, UN, EU, and other relevant authorities.
• Bachelor's degree in finance, economics, business, or a related field. A higher degree or relevant certifications (e.g., CAMS) is a plus.
• Excellent leadership, communication, and interpersonal skills to collaborate effectively with diverse teams and stakeholders.
• Analytical mindset with the ability to identify trends, patterns, and potential risks in large datasets.