Associate – AML

About Waystone

Waystone is a leading provider of specialist services tailored for the asset management industry. We collaborate with institutional investors, investment funds, and asset managers worldwide to establish, support, and safeguard investment structures and strategies. With over two decades of expertise and managing assets exceeding $2 trillion, Waystone equips clients with the necessary guidance and tools to confidently focus on achieving their investment objectives.

Key Responsibilities

• Efficiently coordinate with the AML Manager and various business stakeholders to complete thorough client review processes in a timely and professional manner.
• Conduct comprehensive AML reviews, financial sanction screenings, and independent client research across Waystone's global client base.
• Execute anti-money laundering checks adhering strictly to AML policies and procedures.
• Compile and prepare detailed AML documentation packs for approval by the AML Centre of Excellence.
• Review and interpret anti-money laundering regulations to facilitate informed discussions with colleagues.
• Track and update task schedules to ensure all responsibilities are completed within established deadlines.
• Maintain and update relevant checklists and procedures related to the AML workflow.
• Manage and enhance the AML – Fenergo system to ensure accuracy and currency.
• Stay informed of the latest AML regulations and best practices and proactively recommend process improvements.
• Provide assistance to colleagues when capacity allows, communicating availability to the AML Manager.
• Adhere to company policies and procedures as outlined in the Employee Handbook.
• Guide and mentor junior associates, promoting compliance culture and supporting their professional growth.

Qualifications and Skills

• A Bachelor's degree in Finance, Business, Law, or related disciplines; a Master's degree is advantageous.
• Between 2 to 3 years of relevant experience in AML, compliance, or similar areas.
• Comprehensive understanding of AML/CTF regulations, financial crime, and risk management principles.
• Strong analytical capabilities and investigative skills.
• Meticulous attention to detail ensuring accuracy.
• Effective verbal and written communication and interpersonal abilities.
• Proficiency in AML software systems and Microsoft Office applications.
• Possession of CAMS (Certified Anti-Money Laundering Specialist) or equivalent certification is strongly preferred.

Core Competencies

• Exemplifies integrity with high ethical standards and confidentiality.
• Demonstrates excellent problem-solving skills with critical thinking in complex scenarios.
• Shows adaptability to changing priorities and thrives in fast-paced environments.