AXA is a leading financial protection company, committed to fostering and maintaining a diverse, multicultural and inclusive environment, and one of the nation’s premier providers of life insurance and annuity products. The organization was established in 1859 and we are committed now more than ever to helping clients meet financial goals in all stages of their lives. One of the hallmarks of our proud heritage is providing world-class customer service.
We're always looking for smart and talented people to help us develop new and innovative ways to expand our product portfolio, reach new customers and serve well the clients already a part of the AXA family.
The Anti-Money Laundering “AML” Business Unit Oversight Manager (“AML BU Manager") is responsible for supervision of the AML functions within the Brokerage, Life and Annuity Service Center and Business Operation (“Business Units”). This includes the 5 service centers locations, Home Office (e.g. CSU), Retail Field Management (via DCCO’s), and the third party administrators of AXA Financial Business and BD Operations (i.e. Crump, LPL, DST, etc.). The AML BU Manager acts as the liaison between the Financial Crime Office “FCO” and Business Units, coordinating with and overseeing the designated AML coordinators across the company. A critical component of this role is the implementation and management of the CIP Program within the business units.
• Implement a formal supervisory and management process of the Service Centers and Business Units, including:
- Establish quarterly risk reporting and Monthly or Quarterly Oversight Meetings
- Assessment of personnel who perform AML and AML-related responsibilities
- Improve AML communication and awareness programs (i.e. AML Newsletter, KYC Field Bulletin, Non-resident restriction rules).
• Develop strong compliance monitoring and review programs designed to evaluate the adequacy and effectiveness of the AML policies, procedures and internal controls.
• Conduct on-site reviews and testing of the business unit’s effectiveness in adhering to its FCO compliance procedures and the adequacy of internal controls.
• Control management, maintenance, distribution, and oversight of all AML procedures, manuals, and other significant AML documents, as they relate to the Business Units AML responsibilities. This includes continuous GAP analysis and synchronization to ensure strong risk management and operation controls are achieved within our AML program.
- Ensure all policies and procedures are up-to-date
- Ensure business units TPA’s understand and properly follow AML procedures
• Responsible for the implementation of the company’s Customer Identification Program (CIP).
- Work with FCO CIP colleagues to identify and implement efficiencies in the CIP program and false positive alert volumes
- Monitor for and escalate issues impacting the compliance with the CIP Program and implemented procedures, including system or technology issues.
- Responsible for overseeing service center quality control over CIP ensuring issues are identified and remediated in a timely manner, and reported to business unit management and accountable personal.
• Coordinate with AML coordinators during IA annual Independent AML Testing to understanding the accuracy of the findings and ensure resolution and finding remediation is completed in a timely manner.
• Conducts enhanced due diligence reviews of high risk customers and complex entity structures.
• • Handle other duties as assigned to assist with the effective administration of the AML and KYC Policies.
• Demonstrated knowledge of USA Patriot Act/Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) regulatory requirements required, including comprehensive understanding of OFAC sanctions and CDD/KYC requirements.
• Minimum requirements: Bachelor's Degree, MUST have 4+ years of broker dealer, compliance, legal, regulatory or law enforcement experience.
• Ability to identify gaps and/or risk exposure in AML compliance programs.
• Ability to explain new AML requirements and help to develop optimal processes to comply with those requirements.
• Demonstrated familiarity/competency in using transaction monitoring software, screening applications, and various AML Investigative tools. Knowledge of Norkom/Detica, Lexis Nexis, Bridger, and World-Check strongly preferred.
• Strong analytical, problem solving and organizational skills.
• Excellent written/verbal communication skills required.
• Excellent investigative/analytical/problem resolution skills required.
• Demonstrated ability to influence others in a team environment
• Able to work effectively with management, regulators and third party service providers.
• Project Management and work planning skills.
• Relevant Professional Certification (Association of Certified Anti-Money Laundering Specialists (ACAMS), Associate of Certified Fraud Examiners (ACFE) or Association of Certified Financial Crime Specialists (ACFCS) is a plus.