EU AML Compliance Officer
Finance | Brighton, United KingdomApply Now!
The EU AML Compliance Officer will work with relevant internal legal, operational, and product teams to ensure that the Company is compliant with Anti-Money Laundering (“AML”) and Know-Your-Customer (“KYC”) laws and regulations in the European Union and with the Company’s Corporate Governance Guidelines; that the intrinsic legal and regulatory risks related to these operations are properly managed; and that a compliance culture is promoted throughout the Company.
- Acting as the designated Money Laundering Reporting Officer (“MLRO”) for the prevention of Money Laundering and Compliance in certain designated country/ies where the Company operates or working closely with designated MLROs in other designated countries where the Company operates, depending on applicable legal and regulatory requirements.
- Working closely with other designated MLROs in each relevant country to manage, coordinate and implement the Company’s AML programs based on overall Company processes and country-specific requirements, as further described below.
- Managing the Compliance and KYC Internal Controls Functions (including, but not limited to, the approval of new accounts, conducting AML, KYC and Customer Due Diligence (“CDD”) checks, liaising with regulators on all regulatory matters, and liaising with external service providers and consultants.
- Developing and maintaining the Company’s AML and counter-terrorist financing (“CTF”) policy in line with evolving statutory and regulatory obligations.
- Ensuring that all internal suspicious activity reports (“SARs”) received are investigated without delay and the necessary action taken.
- Performing regular testing on KYC processes, policies and procedures to determine whether they are meeting the applicable regulations.
- Implementing a strong digital and technology approach to automate and streamline compliance procedures, as appropriate.
- Acting as the nominated officer for the purpose of receiving and making suspicious activity reports.
- Receiving and responding to ad hoc compliance requests or inquiries.
- Liaising with the General Counsel and other members of the Company’s legal team, and Internal Audit to establish and maintain appropriate risk-based monitoring processes that are proportionate to the scale, nature and complexity of the Company’s EU operations.
- Tracking and responding to statutory and regulatory developments in AML that have an impact on the Company’s business.
- Maintaining and updating the firm’s AML-related policies and procedures in accordance with regulatory requirements and the policies and corporate governance guidelines of the Company.
- Liaising with all other areas of the Company, as appropriate, to ensure that appropriate AML-related controls are in place for current and new business.
- Managing AML-related regulatory enquiries, examinations and audits.
- Able to thrive in a high growth and ambiguous environment and to demonstrate the ability to adapt agilely and lead others through complex change.
- Aligning with Company senior leadership to monitor and report to the Board of Directors on the effectiveness AML-related processes and procedures.
A successful candidate must be able to:
- Ensure that staff maintain an appropriate level of competence to carry out their AML/CTF role(s).
- Ensure that a job description for the role of country-specific MLRO is documented with appropriate Key Performance Indicators (KPIs)
- Meet all responsibilities for AML training to ensure everyone in the business receives training that meets regulatory requirements.
- Provide responsive, dynamic and comprehensive compliance advice to Company staff on new AML-related rules and regulations.
- Coordinate compliance training in conjunction with HR and management.
- Undertake educational and networking opportunities, such as attending appropriate conference, to keep abreast of AML compliance issues.
Knowledge, Skills & Abilities:
- A minimum of 5 – 10 years’ experience in compliance, including monitoring, KYC, CDD, internal controls, policy and procedures.
- Bachelor’s degree required: finance, business or related field is preferred.
- A Master’s in Business Administration is preferred.
- Prior experience in a Compliance/MLRO role is preferred.
- Prior experience performing a Compliance role in Europe and Asian countries is required.
- Must possess excellent written and verbal communication skills.
- Must be a critical and independent thinker, with demonstrated good judgement, problem-solving and analytical skills.
- Must possess strong writing skills with the ability to present information (both financial and non-financial) and recommendations in a clear, persuasive and logical way.
- Must have prior experience of conducting interviews/discussing issues with, and presenting findings to, senior management teams or Boards.
- Must have a demonstrated ability to analyze and evaluate business activities and exercise sound judgement to determine appropriate risks and appropriate actions/solutions.
- Must have a strong understanding of AML-related regulatory structure and process, regulations and their underlying principles. This position will be the subject matter expert in EU AML.
- Must have detailed knowledge of business processes, financial products, rules & requirements for relevant business unit(s).
Avalara helps businesses of all sizes achieve compliance with transaction taxes, including sales and use, VAT, excise, communications, and other tax types. The company delivers comprehensive, automated, cloud-based solutions designed to be fast, accurate, and easy to use. The Avalara Compliance Cloud® platform helps customers manage complicated and burdensome tax compliance obligations imposed by state, local, and other taxing authorities throughout the world.
Avalara offers more than 600 pre-built connectors into leading accounting, ERP, ecommerce and other business applications, making the integration of tax and compliance solutions easy for customers. Each year, the company processes billions of indirect tax transactions for customers and users, files more than a million tax returns, and manages millions of tax exemption certificates and other compliance documents.
Headquartered in Seattle, Avalara has offices across the U.S. and overseas in the U.K., Belgium, Brazil, and India. More information at www.avalara.com
Avalara is an Equal Opportunity Employer. All qualified candidates will receive consideration for employment without regard to race, color, creed, religion, age, gender, national orientation, disability, sexual orientation, US Veteran status, or any other factor protected by law.
Avalara is committed to working with and providing reasonable accommodations to job applicants with physical or mental disabilities. Applicants with a disability who require a reasonable accommodation for any part of the application or hiring process can follow this process outlined when applying for a position: Please provide your name and contact information to our recruitment team at recruitmentEMEA@avalara.com