Associate – AML

Waystone leads the way in specialist services for the asset management industry.

Partnering with institutional investors, investment funds and asset managers, Waystone builds, supports and protects investment structures and strategies worldwide.

With over 20 years’ experience and a comprehensive range of specialist services to its name, Waystone is now serving assets under management in excess of $2Tn. Waystone provides its clients with the guidance and tools to allow them to focus on managing their investment goals with confidence.

The AML Senior Associate plays a key role in delivering outsourced AML and Counter-Terrorist Financing (CTF) services. The position is responsible for conducting complex AML reviews, ensuring compliance with local and international regulations, maintaining AML systems, and supporting the development of junior associates. The role requires strong regulatory knowledge, independent judgment, and close collaboration with AML leadership to ensure high-quality client reviews.

What you will be doing:

· Independently liaise in a timely and professional manner with the AML Manager and various business stakeholders to complete the client review process

· Carry out AML reviews, financial sanction screenings and independent research on Waystone clients globally;

· Performing anti-money laundering checks in line with AML policies and procedures;

· Prepare the “AML” pack for sign off by AML COE;

· Review, understand and have the ability to discuss anti money laundering regulations with colleagues

· Monitor and update task tracking schedule to ensure all assigned duties are completed within assigned deadlines;

· Maintain checklists/procedures in relation to the AML process;

· Maintain and update AML - Fenergo system.

· Maintain an up to date knowledge of AML regulation and best practice and uses this knowledge to promote enhancements to Waystone’s AML processes and procedures;

· Assists colleagues when capacity permits and notifies AML Manager with availability;

· Follow current Waystone policies and procedures as set out in the Employee Handbook.

· Mentor and provide guidance to junior associates, fostering a culture of compliance and professional development.

Qualifications and Skills

· Education: Bachelor’s degree in Finance, Business, Law, or a related field. A master’s degree is a plus.

· Experience: 2-3 years of experience in AML, compliance, or a related field.

· Knowledge: In-depth understanding of AML/CTF regulations, risk management, and financial crime.

· Skills:

o Strong analytical and investigative skills.

o Excellent attention to detail and accuracy.

o Effective communication and interpersonal skills.

o Proficiency in AML software tools and MS Office.

· Certifications: CAMS (Certified Anti-Money Laundering Specialist) or similar certification is highly preferred.

Competencies

· Integrity: Demonstrates high ethical standards and maintains confidentiality.

· Problem-Solving: Strong ability to think critically and solve complex issues.

· Adaptability: Flexible and able to handle changing priorities and fast-paced environments