ACE Money Transfer

Facilitates international remittances via online platform

Compliance Post Assurance Officer

Financial Crime & AMLUpdated on Nov 14

Full-timeLahore, Punjab, PakistanNo salary listedIn-person

About the Job

Requirements

A bachelor's degree in Finance, Business, Law, or a related field is required.
Previous experience in a similar role is preferred.
The ability to analyze complex situations, identify underlying issues, and propose effective solutions is required.
The ability to interpret data, recognize patterns, and draw meaningful conclusions to support decision-making is required.
Strong attention to detail to ensure accuracy and thoroughness is required.
Problem-solving abilities to identify issues and develop effective solutions are required.
Communication skills and the ability to work in a team are required.

Responsibilities

Provide support to the Manager of the Post Assurance Unit in fulfilling the unit's core responsibilities.
Participate in monitoring and evaluating the effective implementation of anti-money laundering and counter-terrorist financing policies and procedures by conducting assessments for compliance with regulatory requirements and internal policies.
Perform quality assurance on anti-money laundering transaction monitoring, investigations, and other financial crime prevention controls and actions, including sourcing and analyzing data, selecting samples, independently performing sampled transaction monitoring alerts and investigations, drafting results, and reporting results to the Manager of Post Assurance.
Independently execute testing activities to assess control design and effectiveness and confirm compliance with applicable regulations, policies, and procedures.
Identify and evaluate new typologies indicative of money laundering or terrorist financing by conducting bulk data analysis, including analysis of payment concentration at a particular payout location and variances in business trends or volumes.
Conduct quality assurance on escalations management, regulatory reporting, third-party data requests, transaction alerts from third parties, and regulatory inquiries to ensure activities follow defined policies and procedures or meet expectations.
Report anomalies promptly to the Manager of Post Assurance.
Identify and report suspicious activities to the Money Laundering Reporting Officer and subsequently to the local Financial Intelligence Unit in a timely manner.
Perform quality assurance checks to ensure suspicious activity reports are submitted to relevant stakeholders within the stipulated timeframe.
Perform miscellaneous job-related duties and special projects as assigned.

Job Title: Compliance Post Assurance Officer

Position Summary:

The role of the Post Assurance Officer is to provide support to the Manager of the Post Assurance Unit in the fulfilment of the unit's core responsibilities. This entails actively participating in the monitoring and evaluation of the effective implementation of AML/CTF policies and procedures by conducting thorough assessments to ensure compliance with regulatory requirements and internal policies.

Job Responsibilities:

Perform Quality Assurance work on AML Transaction Monitoring ("TM"), Investigations, and other Financial Crime Prevention controls and actions, which includes sourcing and data analysis, sampling selection, independently performing AML TM sampled alerts and investigations, drafting of results, and reporting results to Manager Post Assurance.
Independently execute testing activities to assess the design and effectiveness of controls, as well as confirming compliance with applicable regulation, policy, and/or procedure
Identifying and evaluating new typologies indicative of money laundering/terrorist financing (ML/TF) activities that could occur by conducting bulk data analysis including concentration of payments at a particular pay-out location and variance in business trends or volumes.
Conducting quality assurance work on escalations management, regulatory reporting, third party data requests, transaction alerts from third parties and regulatory inquiries to ensure that all activities are performed as per defined policy and procedures or in line with expectations. Report any anomaly in timely manner to Manager Post Assurance.
Identifying and reporting suspicious activities to the Money Laundering Reporting Officer (MLRO) and subsequently to the local Financial Intelligence Unit (FIU) in a timely manner. Further perform quality assurance check that all suspicious activity reports are submitted to relevant stakeholders within stipulated timeframe.
Perform miscellaneous job-related duties and special projects, as assigned.

Requirements:

Bachelor’s degree in Finance, Business, Law, or a related field.
Previous experience in a similar role is preferred.
Capacity to analyze complex situations, identify underlying issues, and propose effective solutions.
Proficiency in interpreting data, recognizing patterns, and drawing meaningful conclusions to support decision-making processes.
Strong attention to detail to ensure accuracy and thoroughness in all tasks.
Excellent problem-solving abilities to identify issues and develop effective solutions.
Excellent communication skills and proven ability to work in a team.

About Us:

ACE Money Transfer is a UK-based multinational fintech headquartered in Manchester, United Kingdom. We provide fast, secure and affordable online remittance services to customers in 29 countries across the UK, Europe, Canada and Australia, and we enable cross-border money transfers to 100+ countries worldwide. Every day, our platform helps people support their families, pay for education and build better futures across borders. As part of the wider ACE Group, we combine a fast-paced growth culture with strong regulatory standards and a commitment to innovation in digital payments. At ACE you will work with talented, diverse teams across multiple regions and take real ownership of work that matters. You will also help shape the future of global money movement.

ACE Money Transfer Profile: https://acemoneytransfer.com/company-profile

About the Company

ACE Money Transfer

Facilitates international remittances via online platform

ACE Money Transfer is a UK fintech that lets people send money internationally. Users fund transfers via website or mobile app using cards or digital wallets, and recipients receive by bank deposit, cash pickup at 375,000 locations, or mobile wallets in 100+ countries. It makes money from transfer fees and currency margins. Founded in 2002 and run by a family, it differentiates itself with a long track record, a wide cash-pickup network, and regulatory compliance; its goal is to provide reliable, affordable remittance with transparent fees and flexible payout options.

Company size: 201-500
Company stage: Not listed
Total funding: Not listed
Headquarters: Warrington, United Kingdom
Founded: 2002

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