AML Business Unit Oversight Manager

Location NC, United States
Experience level Experienced Hire
Job details sector Finance, Control and Strategy
Apply before Date not available

The Anti-Money Laundering "AML" Business Unit Oversight Manager ("AML BU Manager") is responsible for supervision of the AML functions within the Brokerage, Life and Annuity Service Center and Business Operation ("Business Units").  This includes the 5 service centers locations, Home Office (e.g. CSU), Retail Field Management (via DCCO’s), and the third party administrators of AXA Financial Business and BD Operations (i.e. Crump, LPL, DST, etc.).  The AML BU Manager acts as the liaison between the Financial Crime Office "FCO" and Business Units, coordinating with and overseeing the designated AML coordinators across the company. A critical component of this role is the implementation and management of the CIP Program within the business units.

Job Duties:
• Implement a formal supervisory and management process of the Service Centers and Business Units, including:
- Establish quarterly risk reporting and Monthly or Quarterly Oversight Meetings
- Assessment of personnel who perform AML and AML-related responsibilities
- Improve AML communication and awareness programs (i.e. AML Newsletter, KYC Field Bulletin, Non-resident restriction rules).
• Develop strong compliance monitoring and review programs designed to evaluate the adequacy and effectiveness of the AML policies, procedures and internal controls.
• Conduct on-site reviews and testing of the business unit's effectiveness in adhering to its FCO compliance procedures and the adequacy of internal controls.
• Control management, maintenance, distribution, and oversight of all AML procedures, manuals, and other significant AML documents, as they relate to the Business Units AML responsibilities.  This includes continuous GAP analysis and synchronization to ensure strong risk management and operation controls are achieved within our AML program.
- Ensure all policies and procedures are up-to-date
- Ensure business units TPA’s understand and properly follow AML procedures
• Responsible for the implementation of the company’s Customer Identification Program (CIP).
- Work with FCO CIP colleagues  to identify and implement efficiencies in the CIP program and false positive alert volumes
- Monitor for and escalate issues impacting the compliance with the CIP Program and implemented procedures, including system or technology issues.
- Responsible for overseeing service center quality control over CIP ensuring issues are identified and remediated in a timely manner, and reported to business unit management and accountable personal.
• Coordinate with AML coordinators during IA annual Independent AML Testing to understanding the accuracy of the findings and ensure resolution and finding remediation is completed in a timely manner.
• Conducts enhanced due diligence reviews of high risk customers and complex entity structures.
• Handle other duties as assigned to assist with the effective administration of the AML and KYC Policies.


 


• Demonstrated knowledge of USA Patriot Act/Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) regulatory requirements required, including comprehensive understanding of OFAC sanctions and CDD/KYC requirements.
• Minimum requirements:  Bachelor's Degree, MUST have 4+ years of broker dealer, compliance, legal, regulatory or law enforcement experience. 
• Ability to identify gaps and/or risk exposure in AML compliance programs.
• Ability to explain new AML requirements and help to develop optimal processes to comply with those requirements.
• Demonstrated familiarity/competency in using transaction monitoring software, screening applications, and various AML Investigative tools.  Knowledge of Norkom/Detica, Lexis Nexis, Bridger, and World-Check strongly preferred.
• Strong analytical, problem solving and organizational skills.
• Excellent written/verbal communication skills required.
• Excellent investigative/analytical/problem resolution skills required.
• Demonstrated ability to influence others in a team environment
• Able to work effectively with management, regulators and third party service providers.
• Project Management and work planning skills.
• Relevant Professional Certification (Association of Certified Anti-Money Laundering Specialists (ACAMS), Associate of Certified Fraud Examiners (ACFE) or Association of Certified Financial Crime Specialists (ACFCS) is a plus.



Would you like to wake up every day driven and inspired by our noble mission and to work together as one global team to empower people to live a better life? Here at AXA we strive to lead the transformation of our industry. We are looking for talented individuals who come from varied backgrounds, think differently and want to be part of this exciting transformation by challenging the status quo so we can push AXA - a leading global brand and one of the most innovative companies in our industry - onto even greater things.
 
In a fast-evolving world and with a presence in 64 countries, our 166,000 employees and exclusive distributors anticipate change to offer services and solutions tailored to the current and future needs of our 103 million customers.

We have been providing stability and reliability to our clients since 1859 to help them live their lives with confidence, to give them peace of mind, and enable them to realize their dreams for their loved ones and their legacy.
 
As an employer AXA is committed to creating an environment where everyone feels completely comfortable bringing their true selves to work every day. AXA US has been recognized and certified as a great place to work by the Great Place to Work Institute.
 
We provide our employees opportunities to move within our organization so they can grow their career and skills without ever having to leave AXA.  Almost 40% of our open jobs are filled with current employees.


NOTE: AXA participates in the E-Verify program.
 
In addition to competitive compensation and an outstanding benefits package including 401 (k) and medical programs, we offer the opportunity for continued professional development in a congenial corporate environment.
 
AXA is committed to providing equal employment opportunities to our employees, applicants and candidates based on individual qualifications, without regard to race, color, religion, gender, gender identity and expression, age, national origin, mental or physical disabilities, sexual orientation, veteran status, genetic information or any other class protected by federal, state and local laws.