Business Payments AML Compliance Specialist

The primary responsibilities of a Business Payments AML Compliance Specialist at Viamericas include monitoring business payment transactions for suspicious activity, conducting thorough know-your-business (KYB) checks on customers, and ensuring compliance with applicable AML regulations. The specialist will play a pivotal role in developing and implementing compliance policies while also preparing important compliance reports for management.

To become a Business Payments AML Compliance Specialist at Viamericas, candidates should ideally possess a bachelor’s degree in finance, business, law, or a related field, alongside a minimum of 5 years of experience in AML compliance, particularly within the B2B payments industry. Strong analytical skills and proficiency in both English and Spanish are essential to thriving in this role.

Knowledge of AML regulations is crucial for the Business Payments AML Compliance Specialist role at Viamericas. Specialists are expected to stay updated on regulatory changes, ensuring that the organization adheres to the latest requirements and proactively develops policies and procedures that address current compliance standards.

The work environment for a Business Payments AML Compliance Specialist at Viamericas is generally office-based with a hybrid work schedule. This allows specialists to balance in-office collaboration with the flexibility of working from home, creating an optimal environment to support productivity and employee well-being.

Success as a Business Payments AML Compliance Specialist at Viamericas requires excellent analytical and investigative skills, strong attention to detail, and effective communication abilities. Being able to work independently while managing confidential information discreetly is essential. Additionally, a deep understanding of AML regulations and financial crime compliance requirements is paramount.

When discussing your experience with AML compliance in the business payments sector, highlight specific roles where you've implemented compliance measures or engaged in transaction monitoring. Point out any specific regulations you've worked with and the outcomes of your interventions.

Staying updated on AML regulations is critical. Mention the resources you use such as industry publications, webinars, or memberships in professional organizations. Provide examples of how you've applied new knowledge to enhance compliance within your previous roles.

When answering this question, share a specific scenario where you detected suspicious activity, detailing how you monitored the transactions and the steps you took to investigate. Be sure to emphasize the impact of your actions on mitigating potential risks.

In your response, outline your collaborative approach to developing AML policies, which may include assessing current practices, researching regulatory requirements, and gathering input from various stakeholders within the organization to create comprehensive and effective policies.

Discuss your familiarity with KYB procedures by providing examples of your past experiences in conducting reviews of businesses, the criteria you used for assessing risk, and how you ensured compliance with applicable regulations.

To address high-pressure situations, talk about your time management strategies, such as prioritizing tasks and maintaining open communication with your team. Share a tailored example where you effectively managed your workload during a stressful period.

Mention any AML monitoring tools or software you’ve used, emphasizing your proficiency and understanding of their functionalities. If you can, discuss how these tools have helped you detect suspicious activities or streamline compliance processes.

In answering this question, outline your approach to developing training materials or workshops that engage your colleagues and explain complex AML topics clearly. Share past experiences where your training positively impacted compliance awareness within your team.

When discussing a compliance challenge, narrate a specific instance that illustrates the problem, your assessment of it, and the strategies you implemented to overcome it. Highlight communication and teamwork as essential aspects of your solution.

Discuss your perspective on significant risks, such as evolving technology or regulatory changes, and elaborate on how organizations can proactively address these risks through enhanced monitoring systems and employee training to stay compliant.