Senior Principal Consultant, AML

The Opportunity:

The individual in this position serves as the dedicated supervisor, relationship manager, and AML subject matter expert for key ACA managed services clients. Senior Principal Consultants have supervisory, training, and anti-money laundering (AML) subject matter expertise responsibilities in addition to their expertise and support on managed services engagements. Senior Principal Consultants are expected to maintain up-to-date knowledge regarding the regulations, best practices, and jurisdictional nuances associated with the products, services, and client processes they engage in managing. 

What you’ll do:

• Manage AML/KYC process on behalf of client in full autonomy from simplified due diligences up to enhanced due diligences.  
  • Perform AML/KYC analysis and risk assessments at Client-Investor Onboarding and for Recertification / Periodical review in line with the clients’ procedures, AML/KYC guidelines, specific KYC policy for investors, SLAs, OP Memo in place. 
  • Ensure all processes (collect of documentation, screening, risk assessment, approval process, etc) are followed and finalized in accordance with applicable rules and procedures in place. 
• Experienced with regulations in force such as AML-CFT, AMLD6, FATCA, CRS, AIFMD, UBO identification, DAC6, FinCen/SEC, etc. 
• Communicate with clients and investors on behalf of clients and support internal/external stakeholders/parties involved in the AML KYC Onboarding, transfers and refresh process. 
• Keep accurate track record of all AML KYC related requests from receipt to execution and ensure quality / accuracy of associated data. 
• Prepare and submit High Risk assessments to client approval, facilitate coordination and approval process. 
• Work in close and continuous collaboration with clients, other team members and stakeholders to achieve joint objectives. 
• Solve issues related to daily activities. 
• Ensure timely escalation and own proposed course of actions to client to address identified risks and blocking issues during KYC process. 
• Ensure and deliver high standard of quality in the KYC files in accordance with the client’s policies and procedures. 
• Be a key point of contact for questions or issues raised during KYC process. 
• Manage more complex and/or strategic client relationships with respect to AML managed services projects and services, as well as engage with other ACA account owners and relationship managers to ensure excellent client service 
• Train new staff on regulations, policies, and procedures in one-on-one and small group settings 
• Oversee client relationships, including onboarding new clients, setting scope and workflow expectations, communicating findings, tracking budgets, reviewing invoices, answering questions, and ensuring client expectations and contractual obligations are met 
• Draft and finalize reports summarizing ACA’s work and findings, and review drafts prepared by analysts 
• Supervise, train, evaluate, oversee, and provide feedback to colleagues in a supervisory and project manager capacity. 
• Perform other ad-hoc work/special projects as necessary to support ACA on various client and internal initiatives, including, but not limited to: 
  • Analyst training 
  • Public speaking engagements 
  • Attend conferences and roundtable events for continued professional and industry development 

To qualify for the role you must have:

• Bachelor’s degree 
• At least six years of industry experience serving in regulatory compliance and/or AML roles. Strong working knowledge of relevant laws and associated rules and regulatory positions thereunder (e.g., Bank Secrecy Act (BSA), FinCEN AML Program Rule and SAR Rule, FINRA Rule 3310, FCA/ESMA: Sixth, Fifth Money Laundering Directive, CIMA Regulations, USA PATRIOT Act of 2001, and OFAC guidance).   

Skills and attributes for success:

• Demonstrated professional integrity 
• Dependable, flexible, and adaptable to new ACA initiatives and changing client needs 
• Ability to exercise discretion and make independent judgments on matters of significance 
• Ability to work in a fast-paced, small team environment and demonstrate strong management skills 
• Ability to establish and maintain effective working relationships with colleagues and clients 
• Highly motivated and goal oriented; proactive in one’s own education and career progression; volunteers for and shows initiative on both internal and external projects and tasks. 
• Dedicated to upholding ACA’s high-quality standards and customer service focus 
• Strong organizational and problem-solving skills with attention to detail 
• Strong oral and written communication skills 
• Proficient with Microsoft Office applications and comfortable working in a tech enabled environment. 

Ideally, you’ll also have:

• Major or concentration in compliance, criminal justice, law, business, accounting, finance, and/or economics preferred. AML-related certifications (such as CAMS, EIMF) can be of additional benefit. 

What working at ACA offers:

We offer a competitive compensation package where you’ll be rewarded based on your performance and recognized for the value you bring to our business. Our Total Rewards package includes medical and dental coverage and 401(k) plans, and a wide range of paid time off options as well as a flexible work environment. You’ll also be granted time off for designated ACA Paid Holidays, Summer Fridays, Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being. We also offer unique benefits such as Student Debt Forgiveness and Pet Insurance.

About ACA:

ACA Group is the leading governance, risk, and compliance (GRC) advisor in financial services. We empower our clients to reimagine GRC and protect and grow their business. Our innovative approach integrates consulting, managed services, and our ComplianceAlpha® technology platform with the specialized expertise of former regulators and practitioners and our deep understanding of the global regulatory landscape.

What we commit to:

ACA is firmly committed to a policy of nondiscrimination, which applies to recruiting, hiring, placement, promotions, training, discipline, terminations, layoffs, transfers, leaves of absence, compensation and all other terms and conditions of employment. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability or protected veteran status, or any other legally protected basis, in accordance with applicable law