Associate – AML

Company Overview

Waystone is a leading provider of specialist services to the asset management sector. Collaborating with institutional investors, investment funds, and asset managers, the company supports and safeguards various investment structures and strategies worldwide. With more than two decades of experience and assets under management exceeding $2 trillion, Waystone equips its clients with the necessary guidance and resources to confidently pursue their investment goals.

Job Overview

The AML Associate position is pivotal in delivering outsourced Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) services. This role entails performing detailed AML assessments, ensuring adherence to both local and global regulations, overseeing AML system management, and aiding the growth of junior team members. The role demands a strong grasp of regulatory frameworks, autonomous decision-making, and collaborative interaction with AML leadership to uphold exemplary client review standards.

Key Responsibilities

• Collaborate independently and promptly with the AML Manager and various business stakeholders to finalize client review processes.
• Execute AML examinations, conduct financial sanction screenings, and perform independent research on Waystone's clients globally.
• Conduct anti-money laundering checks aligned with AML policies and procedures.
• Compile AML documentation packages for approval by the AML Centre of Excellence (COE).
• Understand, interpret, and effectively communicate anti-money laundering regulations within the team.
• Track and update task schedules to guarantee timely completion of assigned responsibilities.
• Maintain checklists and procedures linked to the AML process.
• Manage and update the AML system, particularly Fenergo.
• Stay current with AML regulations and best practices and recommend improvements to Waystone’s AML protocols.
• Support colleagues when capacity permits and communicate availability to the AML Manager.
• Adhere to Waystone's policies and procedures as outlined in the Employee Handbook.
• Mentor and guide junior associates, fostering compliance awareness and professional development.

Qualifications and Skills

• Possess a Bachelor's degree in Finance, Business, Law, or a related discipline; a Master's degree is advantageous.
• Have between 2 to 3 years of experience in AML, compliance, or a closely related area.
• Demonstrate comprehensive knowledge of AML/CTF regulations, risk assessment, and financial crime prevention.
• Exhibit strong analytical and investigative abilities.
• Show exceptional attention to accuracy and detail.
• Possess effective communication and interpersonal skills.
• Be proficient with AML software platforms and Microsoft Office applications.
• Holding a CAMS (Certified Anti-Money Laundering Specialist) credential or equivalent certification is strongly preferred.

Competencies

• Display high ethical standards and maintain confidentiality.
• Exhibit strong critical thinking skills with the ability to resolve complex issues effectively.
• Be adaptable and capable of managing shifting priorities within fast-paced environments.