Position: Anti-Money Laundering and Counter Terrorist Financing Regulated Business Lead
Career Level: CL6
Location: London
Job Summary:
The primary role of the Anti-Money Laundering and Counter Terrorist Financing (AML/CTF) Regulated Business Lead is to lead Accenture's AML Centre of Excellence (CoE) and be responsible for the oversight of the local Anti-Money Laundering Compliance Officers (AMLCOs) across the Globe. The role will provide independent challenge, steer and support to the AMLCOs, who are in turn responsible for the day-to-day operation of the AML regulated programs in their respective legal entities.
The AML/CTF Regulated Business Lead is responsible for the strategic design and updating of consistent Global AML/CTF standards including by defining and disseminating common processes, templates and frameworks by which the AMLCOs will operate. They will also share best practices amongst the global AMLCO network and drive accountability of the AMLCOs in the operation of each local AML programme. They will be responsible for managing the regulatory perimeter and establishing new AML programmes where Accenture business is identified as falling within the regulated AML space.
Scope of Responsibilities:
The AML/CTF Regulated Business Lead will be expected to perform the following activities:
Participate and execute key decisions for the creation of new AML/CTF Regulated Programmes or the dissolution of these programmes as required in relation to new business expansions globally (e.g. crypto) and/or expansion of licensed/regulated activities (e.g. insurance/payment services);
Defining duties for, appointing/hiring of and onboarding appropriate individuals to fulfil the AMLCO and AML Delegate roles in each of Accenture's regulated entities subject to local AML laws and regulations.
Providing first level approval for all local AML/CTF policies and procedures for regulated entities prior to formal local Board or Senior Leadership final approval.
Acting as escalation point for remedial action to address findings identified through LCM monitoring of the red flag escalation and KYC processes.
Ensuring the implementation of remedial action/resolving gaps to address findings/outcomes of formal reviews (including, but not limited to, the global AML programme audit, Company Risk Assessment and external counsel reviews).
Performing periodic desk reviews in the local market of each AMLCO to maintain oversight over the operation of each local AML programme and identify any challenges to facilitate timely resolution.
SUPPORT
Regularly monitoring for regulatory/legal updates and tracking changes both locally and globally across AML/CTF and other relevant regulation, with support from selected local counsel.
The AML/CTF Regulated Business Lead will also liaise with local AMLCOs to ensure relevant updates are appropriately identified, evaluated and factored into each AMLCO's respective programme.
Acting as a point of consultation and/or support for the AML Programme Director and Global AML Team as required to provide input into global AML-related initiatives, including (but not limited to):
REGULATORY ENGAGEMENT
Engaging with regulatory bodies related to any regulatory investigations, remediations or other matters. Working with auditors (internal and external) with regard to the AML programme and monitoring implementation of audit points or regulatory findings Contributing to thought leadership articles or regulatory consultations related to AML
TRAINING
Working in conjunction with the local AMLCOs, designing Accenture's AML CBT programme. Designing and delivering:
Setting the standard for and ensuring the completion of any agreed formal AML accreditation/certification programs by the AMLCOs (and their Delegate, if considered necessary).
Basic (Must-Have) Qualifications:
Education: Law degree as a minimum
Work Experience: Minimum of 7 years of relevant financial services experience (e.g within Financial Institution, Law Firm or other In House Role). Experience in contentious issues preferred.
Work Requirements: Minimal travel required.
Knowledge and Skill Requirements:
Closing Date for Applications [●]
Accenture reserves the right to close the role prior to this date should a suitable applicant be found.
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Job posted: Jan 26, 2024
Expiration date: Jan 26, 2025