Senior Associate AML CFT Audit

The Apex Group was established in Bermuda in 2003 and is now one of the world’s largest fund administration and middle office solutions providers. Our business is unique in its ability to reach globally, service locally and provide cross-jurisdictional services. With our clients at the heart of everything we do, our hard-working team has successfully delivered on an unprecedented growth and transformation journey, and we are now represented by over circa 13,000 employees across 112 offices worldwide.

Your career with us should reflect your energy and passion. That’s why, at Apex Group, we will do more than simply ‘empower’ you. We will work to supercharge your unique skills and experience. Take the lead and we’ll give you the support you need to be at the top of your game. And we offer you the freedom to be a positive disrupter and turn big ideas into bold, industry-changing realities. For our business, for clients, and for you.

Responsible for the preparation of the operational aspects of the AML/CFT procedures, working papers and ensure daily work allocation completed within the deadlines.

• Being able to conduct an independent AML/CFT audit engagement objectively, honestly, ethically, and independently.
• Examine and test the compliance of the FI’s AML/CFT programme, policies, and procedures with the FIAMLA, FIAML Regulations 2018, and the FSC AML/CFT Handbook.
• Ascertain and test whether the established policies, procedures, systems, and controls are adapted with the money laundering and terrorism financing risks identified.
• Ensure that the deliverables are complete in terms of presentation, quality of audit work, completeness, and accuracy of the audit deliverables.
• Ensure good understanding of the FI’s business and its operating and control environment including carrying out walkthrough of the business process and identifying key AML/CFT Risk and Controls and designing an appropriate risk control matrix.
• Ensure and test the adequacy of the onboarding customer due diligence and enhanced diligence procedures carried out on customers with particular emphasis on high-risk operations (products, service, customer, and geographical locations) in line with KYC onboarding checklist and AML/CFT regulations.
• Perform audit sample testing on appropriate transaction as part of inwards and outwards remittances including a review of suspicious transactions reporting in line with AML/CFT regulations.
• Ensure that deliverables are met with consistency to the highest standards and within deadlines so that clients are satisfied with the level of service.
• Test compliance including Risk Assessment on the use of third-party service providers.
• Conduct appropriate audit sample testing on Targeted Financial Sanction (TFS) screening records, including a review of false positives, to determine the adequacy, completeness, and effectiveness of the TFS process.
• Have regular meetings with team members and clients for AML/CFT progress and updates.
• Being able to prepare and finalize independent AML/CFT Audit Report and Management Letter for reporting purposes.

Disclaimer: Unsolicited CVs sent to Apex (Talent Acquisition Team or Hiring Managers) by recruitment agencies will not be accepted for this position. Apex operates a direct sourcing model and where agency assistance is required, the Talent Acquisition team will engage directly with our exclusive recruitment partners.

About Apex Group

We are dedicated to driving positive change in financial services while fuelling the growth and ambitions of asset managers, allocators, financial institutions, and family offices. Established in Bermuda in 2003, the Group has continually disrupted the asset serving industry through our investment in innovation and talent.

Today, we set the pace in asset servicing and stand out for our unique single-source solution and unified cross asset-class platform which supports the entire value chain, harnesses leading innovative technology, and benefits from cross-jurisdictional expertise delivered by a long-standing management team and over 13,000 highly integrated professionals.

We’re a people-powered business, and our people are full of ambition. Together, we’re inspired to lead the new era of data and tech enabled service. Bringing new products and services to market. Sharpening our client focus. Disrupting the market to exceed expectations. Innovating across a range of specialisms. With our focus on making a difference to our people, our planet and our society, you’ll experience more here than you would at most other companies. Prepare to accelerate.

We’re a people-powered business with a vision to inspire a new era of service-led FinTech. We’re expanding globally and offering more to our clients. This means you get more opportunities to grow with us. So prepare to accelerate. We’ll make sure the time and effort you put in takes you further, faster.

Positive change starts with you. We’re a people-powered business with a vision to inspire a new era of service-led FinTech. We’re expanding globally and offering more to our clients. This means you get more opportunities to grow with us. So prepare to accelerate. We’ll make sure the time and effort you put in takes you further, faster.

The journey is yours to own. When you stretch yourself, you grow. We want you to explore ways of working that will see you thrive as part of something bigger. We’ll help you with a solid structure, challenging projects, vibrant networks, supportive colleagues and approachable leaders. All the things you need to own your unique journey.

Find out more about us.