Job description: About Us:ACE Money Transfer is a UK-based multinational company headquartered in Manchester, United Kingdom. ACE Money Transfer provides online remittance services to individuals in 28 countries across UK, Europe, Canada, and Australia enabling them to send money across border in over 100 countries.Position Summary:The role of the Compliance Assurance Officer is to provide support to the Assistant Manager of the Post Assurance Unit in the fulfilment of the unit’s core responsibilities. This entails actively participating in the monitoring and evaluation of the effective implementation of AML/CTF policies and procedures by conducting thorough assessments to ensure compliance with regulatory requirements and internal policies.Job Responsibilities:
Perform Quality Assurance work on AML Transaction Monitoring (“TM”), Investigations, and other Financial Crime Prevention controls and actions, which includes sourcing and data analysis, sampling selection, independently performing AML TM sampled alerts and investigations, drafting of results, and reporting results to Deputy MLRO.
Independently execute testing activities to assess the design and effectiveness of controls, as well as confirming compliance with applicable regulation, policy, and/or procedure.
Identifying and evaluating new typologies indicative of money laundering/terrorist financing (ML/TF) activities that could occur by conducting bulk data analysis including concentration of payments at a particular pay-out location and variance in business trends or volumes.
Conducting quality assurance work on escalations management, regulatory reporting, third party data requests, transaction alerts from third parties and regulatory inquiries to ensure that all activities are performed as per defined policy and procedures or in line with expectations. Report any anomaly in timely manner to Deputy MLRO.
Identifying and reporting suspicious activities to the Money Laundering Reporting Officer (MLRO) and subsequently to the local Financial Intelligence Unit (FIU) in a timely manner. Further perform quality assurance check that all suspicious activity reports are submitted to relevant stakeholders within stipulated timeframe.
Perform miscellaneous job-related duties and special projects, as assigned.
Requirements:
Bachelor’s degree in Finance, Business, Law, or a related field.
Previous experience in a similar role is preferred.
Capacity to analyse complex situations, identify underlying issues, and propose effective solutions.
Proficiency in interpreting data, recognizing patterns, and drawing meaningful conclusions to support decision-making processes.
Strong attention to detail to ensure accuracy and thoroughness in all tasks.
Excellent problem-solving abilities to identify issues and develop effective solutions.
Excellent communication skills and proven ability to work in a team.
ACE Money Transfer:Powered by JazzHR
Expected salary:
Location: Kharian, Punjab
Job date: Fri, 16 May 2025 03:02:13 GMT
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