Head of AML and Compliance Job at ACE Money Transfer, New York, NY

  • ACE Money Transfer
  • New York, NY

Job Description

Job Description

As the Head of AML and Compliance, you will be responsible for ensuring that our company complies with all relevant regulatory requirements and internal policies related to money laundering, terrorist financing, and other financial crimes. You will handle all regulatory matters, front correspondence with Regulator and ensure compliance with Industry regulations.

Your primary responsibilities will include:

  • Developing, implementing, and maintaining policies, procedures, and controls to ensure compliance with relevant laws and regulations and also provide support to our Compliance or business teams on interpreting regulatory and licensing guidelines.
  • Conducting risk assessments to identify potential areas of non-compliance, and implementing measures to mitigate those risks.
  • Work with various business units on regulatory and compliance issues surrounding the company’s licensed and regulated product offerings.
  • Preparing and submitting regular reports on AML and compliance activities to senior management and the board of directors also to the regulators where required.
  • Ensuring compliance with all applicable federal, state, and local laws and regulations, including anti-money laundering (AML) and Bank Secrecy Act (BSA) regulations.
  • Conducting investigations into suspected breaches of laws and regulations, and reporting any findings to the relevant authorities.
  • Managing the company's relationships with regulators and government agencies, including responding to inquiries and investigations.
  • Work with outside regulators and auditors to anticipate and resolve any disputes concerning how regulations apply to the company’s product offerings and business operations.
  • Regularly evaluate the user-facing aspects of the company’s product offerings in light of legal and regulatory requirements.
  • Keeping abreast of new laws and regulations that may impact our company's operations and ensuring timely implementation of necessary changes.


At least 10 years of experience in AML and compliance role in the financial services industry, preferably with a focus on AML and BSA compliance.

Skills and Expertise

  • In-depth knowledge of AML and BSA laws and regulations, as well as other relevant federal, state, and local laws and regulations.
  • Strong analytical and problem-solving skills, with the ability to provide practical legal advice and solutions.
  • Excellent written and verbal communication skills, with the ability to communicate complex legal concepts to non-legal stakeholders.
  • Experience managing legal and compliance staff, as well as working with auditors and regulators.
  • Strong project management skills and the ability to manage multiple projects simultaneously
  • Experience working in a fast-paced and dynamic environment


Bachelor’s Degree in Law or relevant field

A qualification such as CAMS or CFCS is preferable


Job Tags

Full time, Local area,

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