ob Title: Sr Manager, AML Compliance Company Name: Western Union (WU) Location: Dubai, United Arab Emirates (UAE) Job Summary: The Sr Manager, AML Compliance will be a member of the Compliance Shared Services Center (CSSC) based in Dubai, UAE.
Reporting to the CSSC Director, you will be responsible for managing a team of subject matter experts focusing on Risk Assessment and data analytics, Product compliance controls development and oversight, Policies & Procedures development, implementation, and archiving and enforcement for MEASA, APAC, EE and CIS regions.
Key Duties and Responsibilities: Working closely with the relevant stakeholders, including the Global Compliance Department leads in Denver and the GFO team members, to develop and follow-up on country-level Risk Assessment reports, draft and approve appropriate policies and procedures, create and maintain effective Product-related compliance controls for the given region.
Actively facilitate the pre-work for the Global Risk assessment team of Western Union, in terms of Coordination the Risk surveys and providing management capabilities.
Coordinate the drafting of country risk assessment reports in line with Compliance Enterprise Risk Assessment methodology.
Work closely with the Global Compliance teams and Country Compliance teams support the Development Policies, Procedures and programs to minimize the Money Laundering risk on Global, Regional and Country levels.
Develop, with the regional compliance teams, the risk based approach to manage the risk associated with various jurisdictions and Products.
Design, with the regional compliance team, strategies to mitigate the risk identified.
Qualifications, Skills and Experience: At least five years of relevant experience in complex retail/consumer financial services/payment services organizations with multiple financial products, or a regulatory agency or law firm involving payment services compliance issues relating to anti-money laundering and counter-terrorism financing laws and regulations.
Five or more years of relevant experience in AML or Regulatory Compliance, general and/or risk based compliance, yielding a comprehensive understanding of best practices in the AML compliance field.
Can effectively apply working knowledge of Global AML/CFT regulations and standards along with current money laundering schemes to effectively document policies and procedures to mitigate risk to Western Union.
Excellent written and verbal communication and training presentation skills.
Very strong analytical and problem-solving skills.
Proven ability to analyze, utilize industry standards and employ sound judgment to draw conclusions regarding the soundness and suitability of standards and best practices.
Must be able to perform independently and with minimal supervision and/or in a team environment when required.
Strong organizational skills – must be multi-tasked oriented and able to balance pressure and deadlines with constantly changing priorities.
Proven ability in fostering collaboration and alignment with key stakeholders; marshals the resources needed to get the work done.
Strong interpersonal, analytical, problem-solving, influencing, prioritization, decision making, team management and conflict resolution skills.
Ability to interact and communicate effectively, orally & in writing, with all levels of management Fluency in written and spoken English is required.