About Waystone
Waystone is a leading asset-servicing solutions provider of institutional governance, administration, risk and compliance services to financial institutions. With over 25 years’ experience and a comprehensive range of specialist services to its name, Waystone helps our clients structure, operate and grow through our expertise, innovation and digitisation, backed by the operational scale to support global expansion.
Role Overview
The Senior AML Associate plays a key role in the delivery of outsourced Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) services across Waystone's global client base. The role is responsible for conducting complex AML reviews, managing higher-risk and escalated cases, ensuring compliance with applicable regulatory requirements, and supporting the development of junior team members.
Working closely with AML Managers and stakeholders across the business, the Senior AML Associate will act as a subject matter expert, contribute to process enhancements, and help ensure the consistent delivery of high-quality AML services in line with regulatory expectations and industry best practice.
The successful candidate will have experience conducting AML/KYC reviews across multiple jurisdictions and regulatory frameworks, with particular preference given to candidates with Luxembourg AML and funds industry experience.
Client Reviews & AML Operations
- Independently manage and complete AML reviews for a portfolio of clients, ensuring all regulatory and internal requirements are met.
- Conduct customer due diligence (CDD), enhanced due diligence (EDD), sanctions screening, adverse media screening and independent research on Waystone clients globally.
- Perform AML and CTF assessments in accordance with internal policies, procedures and applicable regulations.
- Prepare and review AML documentation and client review packs for submission and sign-off by the AML Centre of Excellence (COE).
- Identify, assess and escalate complex or high-risk matters to AML Management where appropriate.
- Act as a key point of contact for AML-related queries from internal stakeholders and client-facing teams.
- Liaise with AML Managers and business stakeholders in a timely and professional manner to support the completion of client reviews.
Regulatory & Technical Expertise
- Maintain a strong understanding of AML, CTF, sanctions and financial crime regulations across multiple jurisdictions.
- Provide guidance and support to colleagues on AML requirements, regulatory developments and industry best practices.
- Ensure AML records, systems and databases, including Fenergo, are maintained accurately and efficiently.
- Review existing procedures and recommend enhancements to improve operational effectiveness, controls and client experience.
- Maintain an up-to-date knowledge of relevant AML regulations and emerging financial crime risks.
Oversight & Continuous Improvement
- Monitor workflow, deadlines and task completion to ensure service levels and client commitments are achieved.
- Support quality assurance activities, including peer reviews and constructive feedback on AML assessments completed by colleagues.
- Assist AML Managers in identifying trends, recurring issues and opportunities for process improvements.
- Contribute to regulatory change initiatives, system enhancements and wider AML projects.
- Maintain and update AML checklists, procedures and task tracking schedules.
Team Support & Leadership
- Mentor, coach and support AML Associates, helping to develop technical knowledge and professional capability.
- Act as a subject matter expert for complex AML and KYC matters within the team.
- Support the onboarding and training of new joiners.
- Foster a collaborative and high-performing culture focused on quality, compliance and continuous improvement.
Qualifications & Experience
Experience
- 4-6 years' experience within AML, KYC, Financial Crime Compliance, Fund Administration, Banking or Financial Services.
- Proven experience managing complex AML and due diligence reviews across multiple jurisdictions.
- Experience working within regulated funds, asset management, corporate services or financial services environments.
- Experience supporting Luxembourg-regulated entities, funds or corporate structures is strongly preferred.
- Experience mentoring junior team members and supporting quality assurance activities would be advantageous.
Education
- Bachelor's degree in Finance, Business, Law, Compliance, Risk Management or a related discipline.
- Relevant postgraduate qualification would be advantageous.
