AMLCO (Anti-Money Laundering Compliance Officer)
Job Title: AMLCO (Anti-Money Laundering Compliance Officer)
Department: Compliance
Location: Auckland, New Zealand
Reporting To: Regional Head of Compliance / Group Chief Compliance Officer
About ACE Money Transfer
ACE Money Transfer, headquartered in the United Kingdom, is a leading digital remittance fintech operating in 28 countries and serving customers across 100+ receiving destinations. With a continued commitment to innovation and compliance, ACE is expanding across the United States, New Zealand, and the Middle East—introducing cutting-edge governance frameworks, AI-driven compliance technologies, and real-time risk controls.
As part of this global transformation, ACE is reinforcing its Compliance Division by appointing a dedicated AMLCO in New Zealand to meet enhanced financial crime and regulatory obligations.
Position Summary
The AMLCO will act as the designated Anti-Money Laundering Compliance Officer under Section 56 of the New Zealand AML/CFT Act 2009, holding primary responsibility for developing, implementing, and maintaining the AML/CFT Program in New Zealand.
This role includes the authority and accountability to manage AML/CFT risk, oversee suspicious activity reporting, ensure regulatory compliance, and support ACE’s enterprise-wide risk and governance standards. The AMLCO will also serve as the central point of contact with the Department of Internal Affairs (DIA) and other relevant regulatory bodies.
Key Responsibilities
AML/CFT Program Oversight
Serve as the appointed AMLCO under the AML/CFT Act 2009.
Develop, implement, and maintain ACE’s AML/CFT Program in New Zealand.
Ensure the AML/CFT Program remains aligned with evolving local and international laws, including FATF standards.
Regulatory Engagement & Reporting
Act as the primary liaison for the DIA, FIU, and other regulatory bodies.
Prepare and submit all required reports, including Suspicious Activity Reports (SARs) and Prescribed Transaction Reports (PTRs).
Respond to regulatory queries, audits, and thematic reviews.
Risk Management & Advisory
Identify, assess, and monitor ML/TF risks related to business operations.
Advise senior leadership on AML/CFT risk exposures and required controls.
Ensure effective customer due diligence (CDD), enhanced due diligence (EDD), sanctions screening, and ongoing monitoring.
Policy Development & Implementation
Maintain and regularly update AML/CFT policies, procedures, and controls.
Ensure integration of group-wide compliance frameworks into local operations.
Training & Awareness
Design and deliver AML/CFT training programs for staff, management, and agents.
Promote a strong culture of compliance and ethical conduct across business functions.
Audit, Assurance & Documentation
Oversee internal testing of AML/CFT systems and respond to external audit findings.
Maintain comprehensive and audit-ready records in line with statutory obligations.
Lead the development of remediation plans following audit or regulatory findings.
Qualifications & Experience
| Requirement | Details |
|---|---|
| Education | Bachelor’s degree in Law, Finance, Business, or a related field |
| Certifications | ACAMS, ICA, ACFCS, or equivalent AML qualification (preferred) |
| Experience | 5+ years of experience in AML/CFT compliance roles in financial services |
| Regulatory Exposure | Strong track record engaging with regulators, particularly within the NZ environment |
| Technical Proficiency | Knowledge of SAR/PTR filings, CDD/EDD, sanctions compliance, risk profiling |
| Communication | Excellent verbal and written communication with ability to simplify complex guidance |
| Analytical Skills | High attention to detail, strong analytical thinking, and risk-based decision-making |
Key Competencies
In-depth understanding of New Zealand AML/CFT legislation and FATF standards
Experience preparing for and responding to regulatory audits and reviews
Strong stakeholder engagement and cross-functional collaboration
Proven ability to interpret regulatory requirements and apply them operationally
Resilience under pressure, with capability to manage multiple regulatory deadlines
Strategic Relevance to ACE’s Global Compliance Transformation
This AMLCO role is pivotal to ACE’s expansion in New Zealand and across the Asia-Pacific region. The position contributes directly to:
Strengthening regional risk governance
Supporting global licensing and AML/CFT obligations
Integrating AI-driven monitoring tools and real-time compliance controls
Promoting ethical conduct and compliance-first culture within a rapidly growing fintech
Explore more about ACE Money Transfer: https://acemoneytransfer.com/company-profile