AML Product Owner

We are seeking an experienced AML Product Owner to lead the development, implementation, and continuous improvement of our Anti-Money Laundering (AML) solutions. As the AML Product Owner, you will work closely with cross-functional teams, including compliance, technology, and operations, to deliver robust AML systems that ensure regulatory compliance and protect the organization from financial crimes. You will be responsible for translating regulatory requirements into product features and overseeing the entire product lifecycle from ideation to implementation.

Key Responsibilities:

• Product Strategy and Vision:
  • Define the product roadmap and strategy for AML systems, ensuring alignment with business goals and regulatory requirements.
  • Lead the continuous development of AML monitoring, screening, and reporting tools to meet emerging industry standards and legal requirements.
• Regulatory Compliance:
  • Collaborate with compliance teams to stay informed about evolving AML regulations (e.g., KYC, CDD, and EDD requirements) and ensure the product meets these standards.
  • Ensure that the product features are compliant with global regulations, including FATF, EU AMLD, and local regulatory bodies.
• Stakeholder Collaboration:
  • Work closely with cross-functional teams (compliance, IT, development, and operations) to gather requirements and ensure the successful development and integration of AML solutions.
  • Communicate product goals, status, and challenges to stakeholders, ensuring transparency and alignment.
• Product Development and Management:
  • Define product features, create user stories, and prioritize the product backlog for AML-related systems (e.g., transaction monitoring, customer screening).
  • Oversee the entire product development lifecycle, from discovery and design to testing, deployment, and continuous improvement.
  • Manage third-party vendors and partners providing AML software solutions, ensuring seamless integration and compliance.
• Risk Management:
  • Lead risk assessments to identify vulnerabilities in current AML systems and processes, proposing solutions for improvement.
  • Implement robust monitoring and reporting mechanisms to track the effectiveness of AML controls and system performance.
• Team Leadership and Training:
  • Provide leadership and direction to development teams, ensuring that they are focused on delivering high-quality AML solutions.
  • Develop and conduct training sessions for internal teams to ensure proper usage and compliance with AML products.

Requirements:

• Bachelor’s degree in Business, Finance, Information Technology, or related field; advanced degree is a plus.
• 3+ of experience in AML/KYC compliance, risk management, or AML product ownership within the financial services sector.
• Strong understanding of AML regulations and best practices, including knowledge of global standards (e.g., FATF, EU AMLD).
• Experience in product management, particularly with compliance and AML
• Proven ability to lead cross-functional teams and manage multiple stakeholders.
• Experience working with AML software (e.g., Actimize, Fiserv AML Manager, Salv, etc.) is preferred.
• Strong analytical, problem-solving, and communication skills.
• Experience with agile methodologies and tools (e.g., Jira)is a plus.