Chief AML Officer

Job Description: Chief Anti-Money Laundering Officer (Chief AML Officer / CAMLO)Industry: Banking, Financial Services, Insurance, InvestmentJob Type: Full-TimeReporting To: Chief Compliance Officer (CCO) / Chief Risk Officer (CRO) / Board Compliance CommitteeJob SummaryThe Chief AML Officer (CAMLO) is responsible for leading the organization's Anti-Money Laundering (AML), Counter-Terrorist Financing (CFT), and financial crime prevention programs. This role ensures compliance with all applicable AML/CFT regulations and protects the organization from financial crime risks, including money laundering, terrorist financing, fraud, and sanctions violations.The CAMLO serves as the primary authority on AML matters, overseeing policies, systems, investigations, and regulatory engagement to maintain a strong compliance and risk management framework.Key Responsibilities1. AML/CFT Strategy & Program ManagementDevelop and implement enterprise-wide AML/CFT strategies and frameworksEnsure alignment with regulatory requirements and international standards (e.g., FATF guidelines)Continuously enhance AML programs to address emerging risksPromote a strong financial crime compliance culture2. Regulatory Compliance & ReportingEnsure compliance with AML/CFT laws, regulations, and regulatory expectationsOversee timely and accurate regulatory reporting (e.g., suspicious transaction reports – STRs)Act as the primary liaison with regulators and financial intelligence units (FIUs)Manage regulatory inspections, audits, and reviews3. Customer Due Diligence (CDD/KYC)Oversee KYC, CDD, and Enhanced Due Diligence (EDD) processesEnsure proper onboarding and monitoring of customersImplement risk-based customer profiling and segmentationMonitor high-risk customers and politically exposed persons (PEPs)4. Transaction Monitoring & InvestigationsOversee transaction monitoring systems and suspicious activity detectionLead investigations into suspicious transactions and financial crime risksEnsure timely escalation and reporting of suspicious activitiesCollaborate with law enforcement and regulatory bodies when required5. Sanctions & Financial Crime Risk ManagementManage sanctions screening and compliance programsEnsure adherence to international sanctions regimesIdentify and mitigate financial crime risks across the organizationImplement controls to prevent fraud, bribery, and corruption6. Policies, Controls & GovernanceDevelop and maintain AML policies, procedures, and internal controlsEnsure audit readiness and documentation standardsConduct regular AML risk assessmentsAlign AML programs with enterprise risk and compliance frameworks7. Training & AwarenessDevelop AML training programs for employeesPromote awareness of AML/CFT obligations and risksEnsure staff understand policies and reporting requirementsFoster a culture of vigilance and compliance8. Leadership & Team ManagementLead and develop AML and financial crime compliance teamsEstablish performance standards and accountabilityDrive continuous improvement and innovation in AML practicesSupport talent development and succession planningKey RequirementsEducationBachelor's or Master's degree in Finance, Law, Business Administration, or related fieldProfessional certifications such as CAMS, ICA, or equivalent are highly preferredExperience12–18+ years of experience in AML, compliance, financial crime, or risk rolesProven experience in senior AML leadership roles (e.g., Chief AML Officer, Head of AML, Financial Crime Leader)Strong background in banking, financial services, insurance, or investment sectorsSkills & CompetenciesDeep knowledge of AML/CFT regulations and frameworks (e.g., FATF, local regulations)Expertise in KYC, transaction monitoring, and investigationsStrong analytical and risk assessment skillsLeadership and team managementExcellent communication and stakeholder engagementHigh ethical standards and attention to detailAbility to manage complex regulatory environmentsKey Performance Indicators (KPIs)Compliance with AML/CFT regulationsTimeliness and accuracy of STR/SAR filingsEffectiveness of transaction monitoring systemsReduction in financial crime risks and incidentsAudit and regulatory inspection outcomesEmployee AML training completion and awarenessPreferred AttributesExperience in multinational or highly regulated financial institutionsStrong relationships with regulators and FIUsExposure to regtech and AML technology solutionsAbility to manage complex financial crime risksCompensation & BenefitsCompetitive executive salaryPerformance-based incentivesExecutive benefits and allowancesOriginally posted on Himalayas