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- High exposure role in the financial services industry
- Client is looking to interview and hire immediately!
About Our Client
International Currency Exchange (ICE) is one of the world's leading providers of retail Bureau de Change and online foreign exchange services. The company began small with one location at London Victoria Railway Station, but is now proud to be an award-winning, global currency exchange operator, with branches throughout Europe, the United States, Mexico, Canada, Asia and Australia. ICE is a complete foreign currency service with 40 years of experience, 400 branches, presence in 200 countries and works with 60 currencies.
Anti-Money Launderin * To act as a Money Laundering Reporting Officer (MLRO) ensuring that the Company's FX operations are compliant with all Federal AML requirements and those in all relevant States; * On-boarding (KYB), due diligence and ongoing monitoring of Wholesale B2B customers including other MSBs; * Responsible for creation and review of the weekly (WAA), monthly (MAA), and quarterly (QAA) AML analysis reports and takes the necessary steps to mitigate any risks; * Develops, updates and monitors AML training initiatives, activities and employee AML training; * Ensures all large and suspicious transactions are filed in accordance with FinCEN requirements and internal company policy; * Develops and implements AML risk analysis reports; and * Works closely with the Inspector for Region 1 to: * identify risks that determine the audit program; * assess inspection reports to ensure that all policies and procedures are adhered to; and * identify required control improvements. Anti-Corruption * Ensure that the requirements of the Bribery Act 2010 (as incorporated in the UK) are adhered to by all staff and that a culture of anti-corruption is embedded within the company; * There is a clear and understandable policy in place, kept up-to-date, and supported by fair and proportionate procedures; * All staff are made aware of the policy through the HR training Department; and * A Gifts and Entertainment Register is maintained and kept up-to-date. Data Protection * Ensure that a Data Security Policy is in place, similar to that maintained in the UK, and that it is adequate and kept up-to-date; * This main Policy is adequately supported by other policies on data security, for example, (1) Clear Desk Policy, and (2) Confidential Waste Policy. Payment Card Industry Compliance "PCI" * Ensure that staff are aware of the importance that customer Card Data is held, processed, and where appropriate transmitted securely within the terms of the PCI Standards; * That there is an adequate IT Security Policy in force which is reviewed on an annual basis FATCA * To liaise closely with the Global Compliance Director in the UK regarding any matters which could affect the FATCA registrations and that information regarding any corporate or regulatory changes are passed to Head office as a matter of priority. Regulatory Risk * Ensure the ongoing compliance of the business with region specific regulations, producing timely analysis on the effect changing regulations will have on business Operations; and In addition to the above, you will be required to work closely with Operations on any future projects, developments and business opportunities that may emerge, to ensure compliance risks are assessed, that the appropriate controls are considered and, if applicable, implemented Meetings Requirement to attend any relevant management meetings for Region 1 Judgment Complexity * Judgment and analytic skills are essential. * The incumbent has to determine the risk presented and decide on the importance of allocating and prioritizing resources. * Requires the ability to 'sell' positive ideas to management to influence them to adopt best practice and ensure compliance with regulatory requirements. * Ability to keep up to date with all regulatory changes and future proposals where these changes involve the operations of the business while at the same time adopting a "business" approach when making recommendations.
The Successful Applicant
* At least 5 years experience in Compliance either with an MSB or in banking generally, with a strong background in AML; * Professionally qualified - ACAMS or equivalent; * Experience of work in a large, cross-border business * Experience in US Federal and State Compliance requirements * Previous Managerial Experience; * Ability to delegate to multi location staff; * Good report writing skills; * Ability to apply new, risk based procedures and map out compliance requirements in line with regulatory legislation; * Good communication skills and numeracy; and * Must be computer literate - Microsoft office suite.
What's on Offer
This is a fantastic opportunity to enter a company while they experience great growth, and thus taking on more and more responsibilities, providing you with the career opportunities you want! A few of the many perks offered by our client are: * Competitive pay * High bonuses * Regular reviews to ensure career growth