Job Description

You will be focused on supporting the Company’s Anti-Money Laundering and Sanctions Programs and will be a member of the broader Ethics & Compliance Financial Crimes Unit. You will be responsible for

assisting with and supporting the development, maintenance and implementation of policies and procedures related to risk management and compliance with applicable AML and Sanctions regulations and best practices. You will also be responsible for ownership and execution of comprehensive anti-money laundering controls,

mainly focused on AML risk mitigation and remediation by conducting AML enhanced reviews and due diligence and providing advice and consulting to business partners. In addition, the role will require ensuring proper oversight and monitoring activities are conducted and that they are adequately documented.

The role involves working with many parts of the organization mainly including Legal, Ethics & Compliance, IT, and  Operations, among other cross-functional teams.

What you do:

• Support the development of the programs and initiatives to comply with the respective regulatory and Group obligations pertaining to anti-money laundering and economic sanctions;
• Research and communicate requirements and provide recommendations, review regulatory bulletins and other sources of information and keep abreast of and assess AML emerging issues, trends, and evolving regulatory requirements;
• Improve and maintain applicable policies and procedures, and oversee Standard Operating Procedures related to AML both in the 1st line and 2nd line;
• Execute second line monitoring and testing for AML and Sanctions processes and controls;
• Ensure detailed and prompt investigation of AML incidents and cases, as well as review and document referrals to AML and report suspicious activity to the MLRO, including support on suspicious activity report preparation and filing;
• Work closely with direct counterparts as well as other business partners and stakeholders across the enterprise to support the Company's proactive AML efforts. Primary responsibilities include providing support for the AML Program and the AML Capability, designing new processes and controls, for the specific purpose of detecting, analyzing and preventing suspicious or fraudulent activity, within pertinent business units, channels and products.
• Review results, review and approve comprehensive findings and recommendations and present results to the MLRO; assist in the development and implementation of action plans; and monitor related follow-up actions;
• Review escalations from Business Partners, with primary focus on complex cases and high risk customers, including producer reviews as needed;
• Aid in the improvement of tools to monitor, analyze, and report suspicious activity, support finetuning and testing approach;
• Collaborate with business partners to develop, implement and continuously improve internal controls, analyze business processes and controls to identify and assess risk, controls, efficiency, and compliance opportunities.
• Coordinate and collaborate with multiple business and functional areas on the development of internal controls and compliance measures;
• Lead the successful completion of projects by creating key milestones, tasks, assigning drivers responsible for implementation, and by measuring results against established goals and industry benchmarks;
• Participate in and facilitate information sharing with the MLRO, business partners and peers in a timely and efficient manner to ensure efficient communication.
• Support management and oversight of the FCU Offshore Team;
• Support execution of AML & Sanctions annual risk assessment.

What you bring:

• Bachelor’s degree or equivalent work experience required
• 3-5 years of experience in AML
• Knowledge of laws and regulations pertaining to: FinCEN, OFAC, Bank Secrecy Act, Patriot Act, International
• Guidelines, as well as schemes associated with financial crimes affecting the insurance industry
• Demonstrate integrity and commitment to values
• Excellent verbal and written communications skills, in particular, ability to communicate complex information to
• the Business
• Ability to understand and solve complex problems in a fast paced, time sensitive environment
• Excellent analytical, judgment, and research skills
• Strong attention to detail and strong documentation skillsets, including ability to recognize efficiencies
• Ability to juggle multiple tasks at a time; strong time management and prioritization skills
• Displayed sense of ownership in relation to attitude and actions, assignments and event outcomes
• Organizationally astute, ability to influence laterally
• Strong networking skills within the Company as well as in the industry
• Adaptable to change, flexible and open-minded
• Knowledge of Allianz Life products preferred, not required
• CAMS certification preferred; required within 24 months of hire
• Ability to maintain relationships and reporting requirements with multiple lines of business
• Team player
• You must be legally authorized to work in the U.S. and will not require immigration sponsorship for visa status now or in the future (e.g. H1-B, L-1, TN, etc). If you are currently on CPT/OPT, you are ineligible due to the need for future immigration sponsorship.

Salary Range: $67,000 - $134,000

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in. We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation, or any other characteristics protected under applicable laws and regulations.  #LI-BK1

Job Tags

Similar Jobs