What does a successful First Line AML Analyst do?
The first line AML team is the first line of defence for all new and additional sales applications. They are responsible for assessing the AML risk of the prospective merchants, as well as conducting quality control checks on supporting documentation at the on-boarding stage. The team are also responsible for conducting annual reviews on all of AIBMS’ high risk AML merchants, as well as reviews on our low and medium risk merchants through trigger events. We are looking for an AML qualified, hard-working and driven team player who has an interest in investigating and assessing AML risk, with the goal of on-boarding and maintaining a high-quality level of merchants for AIBMS.
What you will do:
Assessing the AML risk of a prospective merchant to AIBMS and ensuring newly approved merchants are on-boarded accurately to AIBMS systems.
Completing periodic and trigger event reviews on AIBMS’ high, medium and low risk merchants to ensure they are compliant with Anti Money Laundering (AML) and Counter Terrorist Financing (CTF) legislation and confirm or amend the AML risk rating that was assigned at on-boarding.
4-eye checking of onboarding and periodic review cases to ensure quality.
Completing holistic reviews to ensure we identify and verify the current merchant’s beneficial owner(s) This includes but is not limited to: Reviewing and assessing company reports and organisational structures to identify ultimate beneficial owners. Completing PEP, sanction and adverse media screening on merchants and associated individuals. Reviewing KYC documentation. Reviewing additional supporting documentation relating to the merchant.
Completing several quality control checks to ensure we are accurately recording information relating to the merchant
Ensuring applications and reviews are logged and tracked at every stage of the process in a proficient manner: Completion of daily monitoring of merchants – Record and track false positive, true-positive and dormant account alerts in a timely manner. Additional non-application AML/KYC tasks as required.
Liaising with internal stakeholders, external partners, or merchants to obtain information, documentation or provide clarity on an application.
Perform functions effectively within tight timeframes.
What you will need to have:
Recent CAMS, other AML or ACOI qualification.
3+ years’ experience in an AML role / Control Function role.
Working knowledge of regulatory requirements and expectations for AML/CFT and Sanctions .
This role is deemed as a Controlled Function role (CF2) under the Central Bank of Ireland Fitness and Probity Regulations. Commitment to adhere to the IAF Conduct Standards is a requirement for this role.
R-10333583
