We are seeking a motivated candidate to fill the role of AML Officer. If you are eager to work in a dynamic working environment and be a part of the unique project, this might be the opportunity for you!
About job:
The AML officer performs tasks defined by the Law on the Prevention of Money Laundering and Financing of Terrorism ("Official Gazette of Montenegro", No. 110/23 of 12.12.2023, 065/24 of 05.07.2024, 024/25 of 12.03.2025) and is directly responsible to the management bodies.
Key Responsibilities
1. AML Program Oversight:
The AML officer performs tasks defined by the Law on the Prevention of Money Laundering and Financing of Terrorism ("Official Gazette of Montenegro", No. 110/23 of 12.12.2023, 065/24 of 05.07.2024, 024/25 of 12.03.2025) and is directly responsible to the management bodies.
Key Responsibilities
1. AML Program Oversight:
- Develop, implement, and maintain the company’s AML policies and procedures in line with current regulatory requirements (e.g., Financial Action Task Force (FATF), local laws, and regulations)
- Regularly review and update AML policies to reflect changes in regulations or business practices
- Provide ongoing training to employees on AML-related issues, including legal requirements, internal controls, and detection techniques
2. Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD):
- Ensure that robust Know Your Customer (KYC) procedures are in place and followed, including risk-based customer onboarding and periodic reviews of customer information
- Perform Enhanced Due Diligence (EDD) for high-risk customers, ensuring appropriate documentation is collected and analyzed
- Assess customer profiles for potential suspicious activity and review alerts generated by monitoring systems
3. Suspicious Activity Monitoring & Reporting:
- Monitor transactions and activities across various platforms to identify suspicious activity, such as unusual patterns of deposits, transfers, and withdrawals
- Investigate alerts, review customer activity, and generate Suspicious Activity Reports (SARs) when necessary
- Ensure timely reporting of suspicious activities to relevant authorities (e.g., Financial Intelligence Units, regulatory bodies)
- Maintain appropriate documentation of investigations, decisions, and communications related to SARs and suspicious activities
4. Regulatory Compliance & Reporting:
- Keep up to date with global and local AML regulations, changes in the law, and industry best practices
- Ensure timely and accurate filing of all required reports with regulatory agencies
- Liaise with regulatory bodies, auditors, and legal teams to ensure all AML requirements are met
- Assist in the preparation of reports for senior management, the board of directors, and other stakeholders regarding AML activities
5. Risk Assessment & Management:
- Conduct regular AML risk assessments to identify vulnerabilities, gaps, and emerging risks within the company’s operations
- Develop and implement risk mitigation strategies based on the findings from assessments
- Work with senior management to ensure proper resources are allocated to high-risk areas
6. Internal Audits & Monitoring
- Regularly monitor internal controls and ensure the company’s AML policies and procedures are being adhered to
- Conduct internal audits to assess the effectiveness of AML measures and identify any potential weaknesses
- Report audit findings to senior management and work with relevant departments to address any issues or deficiencies
7. Training and Awareness:
- Develop and deliver regular AML training programs for employees, including awareness on detecting and reporting suspicious activities
- Stay up-to-date on emerging financial crimes, fraud schemes, and money laundering trends to keep the organization informed
- Create and update educational resources and training materials as needed
8. Collaboration & Communication:
- Collaborate with internal departments such as legal, finance, and operations to ensure AML compliance across all business areas
- Communicate with external stakeholders, such as regulators, auditors, and law enforcement, on AML matters
- Work with third-party vendors and partners to ensure AML compliance in joint ventures or third-party relationships
Minimum Qualifications
Education:
Education:
- Bachelor’s degree in law, Finance, Economics, Business Administration, or a related field
- Advanced degree (Master's or equivalent) or professional certification is a plus
- Certified Anti-Money Laundering Specialist (CAMS) – ACAMS
- Certified Financial Crime Specialist (CFCS)
- Certificate in AML (ICA, ACFE, or other recognized bodies)
- Other relevant certifications in compliance or risk management are an asset
Language Skills:
- Fluency in English (written and spoken)
- Local language proficiency may be required depending on jurisdiction
Job-Specific Experience
Years of Experience:
- Minimum 5 years of experience in AML, compliance, financial crime, or regulatory risk roles
- 2+ years in a senior AML/compliance analyst or officer role with decision-making authority
Technical Expertise:
- Strong knowledge of AML regulatory frameworks: FATF recommendations, EU AML Directives, and local AML laws and guidance
- Experience with Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) processes
- Familiarity with transaction monitoring systems and alert investigation tools
- Experience drafting and submitting Suspicious Activity Reports (SARs/STRs) to Financial Intelligence Units (FIUs)
- Proven experience in interfacing with regulators, auditors, and law enforcement agencies
- Demonstrated ability to handle regulatory exams, audits, or inquiries
Program Development:
- Track record of developing and implementing AML policies, procedures, and risk assessment frameworks
- Ability to lead or coordinate internal AML audits and remediation initiatives
Training and Awareness:
- Experience designing and delivering AML training for employees
- Ability to translate complex regulatory requirements into practical training materials
Soft Skills and Leadership:
- Strong analytical, problem-solving, and investigative skills
- High attention to detail and sound judgment in assessing suspicious activity
- Effective communication and collaboration skills across multiple departments
- Proven ability to work independently and manage cross-functional teams
All interested candidates can apply via following link:
https://lustica-development.talentlyft.com/jobs/aml-officer-ccRA
Luštica Development A.D.
Welcome to Luštica Bay Montenegro, a magical destination that beckons you to discover, explore and connect with the dramatic beauty of the country.
