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AML Controls Officer

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Invesco Ltd.

Nov 11

  • Job
    Full-time
    Mid & Senior Level
  • Legal
  • Hyderabad, +1
  • Quick Apply

AI generated summary

  • You should have a degree, AML expertise, 3-7 years in financial services, strong organizational and communication skills, and experience managing regulatory changes. Team player with analytical abilities.
  • You will manage AML controls, oversee KYC operations, handle risk mitigation, support projects, review third-party activities, ensure compliance, and provide reports to stakeholders.

Requirements

  • Education to the degree level, or equivalent qualifications, Masters degree a plus
  • AML Expertise
  • Comprehensive understanding on what a great AML process looks like and how to manage this
  • Good understanding of general asset management and oversight processes and linkage of AML to other functions
  • Cognisant of and conversant with AML Legislation
  • Good understanding of outsourcing AML/KYC oversight requirements
  • Relevant experience of AML related responsibilities for at least 3 to 7 years within the Financial Services industry, preferably in asset management, ideally from an audit or consultancy perspective
  • Proven organisational skills and ability to working in teams.
  • Proven ability to operate at a strategic level and with detail as appropriate
  • Experience of managing significant regulatory change in both a BAU and project environment, as well as evidence of relationship management required
  • Excellent verbal and written communication skills
  • Ability to properly influence others through discussion, collaboration and facts
  • Ability to make fact based decisions and lead teams to the “best answer”
  • Successful leader in a matrixed professional environment
  • Attracts top talent (externally and internally)
  • Team player, passion for collaboration
  • Ability to conduct complex analysis and present data in a meaningful way
  • Strong organizational skills and detail orientation
  • Open minded, flexible, and willing to listen for other people’s opinions

Responsibilities

  • Designing, managing and overseeing efficient and effective systems and controls related to AML (which includes through this document PEP and sanction screening), ensuring compliance with Anti-Money Laundering and related regulations always.
  • Managing end to end Client lifecycle/KYC operations with proven knowledge on the CDD concepts and the regulations/requirements of CDD/EDD. Perform AML remediation exercises where necessary
  • Support projects to implement change
  • Oversee and support the identification, mitigation and management AML related risks; reporting and escalation of such risks as needed; mitigating AML improvements identified by internal and external auditors as well as compliance monitoring.
  • Overseeing third parties handling outsourced AML activities for Invesco in APAC; implementing, managing and overseeing controls, policies & procedures and tests/ site visits to ensure adequate AML quality and adherence to Key Performance Indicators. Review and oversight of incoming reports, data and MI from third parties.
  • Perform oversight of appointed distributors and intermediaries
  • Support and oversee completion of Business as usual (BAU) activities including ongoing transaction monitoring, management of Enhanced Due Diligence, High risk and PEP clients.
  • Closely working with Compliance / MLROs across APAC on BAU and new AML requirements and assessing and communicating implications on and application to Invesco to staff and management.
  • Ensuring delivery of appropriate AML related MI and reports to internal stakeholders, external authorities, Boards and Management as appropriate.
  • Support any internal audits, Compliance Monitoring and other reviews as required. Assist with complex anti-money laundering matters and complex client cases.
  • Ensure all activities are in line with Invesco’s Conduct principles.

FAQs

What is the main responsibility of the AML Controls Officer at Invesco?

The main responsibility includes designing, managing, and overseeing efficient and effective systems and controls related to AML, ensuring compliance with Anti-Money Laundering and related regulations.

Is a specific level of education required for the AML Controls Officer position?

Yes, a degree or equivalent qualifications are required, with a Master's degree considered a plus.

How many years of relevant experience are required for this position?

A minimum of 3 to 7 years of relevant experience within the Financial Services industry, preferably in asset management, is required.

What are the key skills needed for this role?

Key skills include excellent verbal and written communication, the ability to influence others, strong organizational skills, the ability to conduct complex analysis, and being a team player with a passion for collaboration.

What is the workplace model for this position?

The workplace model supports a hybrid format, where employees work in the office at least three days a week and can work outside the office for two days.

Does Invesco provide opportunities for career development?

Yes, Invesco offers various career development programs, mentorship, and an AI-enabled learning platform for continuous growth.

Are there any specific AML knowledge requirements for this role?

Yes, the candidate should have AML expertise, comprehensive understanding of AML processes, and knowledge of relevant legislation.

What benefits does Invesco offer to its employees?

Invesco offers competitive compensation, 30 days of annual leave, medical insurance for employees and their families, life insurance, and various other support programs and benefits.

How does Invesco support diversity and inclusion in the workplace?

Invesco promotes a diverse, inclusive, and supportive workplace and emphasizes having diversity and inclusion goals from senior leaders. They also encourage participation in various employee-led Business Resource Groups (BRGs).

What kind of projects will the AML Controls Officer be involved in?

The AML Controls Officer will support projects to implement changes, oversee AML-related risks, and mitigate improvements identified by internal and external audits.

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Invesco Ltd.

Finance
Industry
5001-10,000
Employees
1935
Founded Year

Mission & Purpose

Invesco is an independent global investment management firm dedicated to delivering an investment experience that helps people get more out of life. Great ideas transcend borders at Invesco. With 8,000+ employees worldwide and an on-the-ground presence in 25 countries, we’re driven by a pure focus on investment, broad diversity of thought across our organization, and a passion to exceed. If you're looking for challenging work, smart colleagues, and a global employer with a high-performance culture, we invite you to explore your potential at Invesco.