Role Responsibilities
The Manager, AML Compliance (MLRO) provides AML Compliance support to Western Union, its affiliates and authorized representatives/agents to create and implement programs as well as monitor transactions to ensure compliance with the Anti-Money Laundering Act, Bank Secrecy Act, USA Patriot Act, and other regulations governing Money Services Businesses.
- Act as a designated MLRO for Western Union Korea
- Under the general supervision of senior management, this role supports the development, implementation, and enforcement of policies, procedures, and programs that minimize money laundering risk for Western Union and its affiliates.
- Support the creation and execution of AML policies, procedures, controls and compliance programs.
- Manage AML requirements for assigned agents/sub‑agents and provide guidance to ensure compliance with laws and company standards.
- Conduct transaction analyses, compliance reviews, and training sessions to assess and strengthen internal controls.
- Follow up on compliance findings and communicate results to internal stakeholders.
- Coordinate with cross-functional teams and assist senior management with reporting and regulatory interactions.
- May supervise staff and provide training, coaching, and performance support.
- Handle both standard and moderately complex program reviews.
- Work with regulatory bodies, FIUs, and law enforcement under senior management guidance.
Role Requirements
- Bachelor’s degree with strong written and verbal communication skills in English and Korean.
- At least five years of AML Compliance experience in complex retail/consumer financial services/payment services organizations with multiple financial products and dealing with regulatory matters.
- Experienced MLRO or deputy MLRO with a licensed entity in Korea within the financial services, fintech or payment industry is required.
- Strong knowledge of the Korean regulatory requirements about e-wallets and electronic payments, including the Electronic Financial Transactions Act (EFTA), ability to interpret the regulatory requirements to design, implement and oversee AML policies, procedures and controls
- Confidence in interacting with Regulators and Law Enforcement Agencies in South Korea.
- Experience in problem solving and decision-making bearing in mind business implications and/or financial risks. Proven ability to analyze, utilize industry standards and employ sound judgment to draw conclusions regarding the status of an agent’s compliance program. Excellent multi-tasking ability.
- Proficiency in data analysis and MS Office (Word, Excel, PowerPoint)
Work Shift
Western Union values in-person collaboration, problem solving, and ideation whenever possible. We believe this fosters common ways of working and supports how we execute initiatives for our customers. The expectation is to work from the office a minimum of three days a week.
BENEFITS AND OTHER DETAILS
Benefits
You will also have access to short-term incentives, multiple health insurance options, accident and life
insurance, and access to best-in-class development platforms, to name a few. Please see the benefits below specific to your country. If applicable, additional role-specific benefits will be mentioned during your interview process or in an offer of employment.
Your South Korea specific benefits include:
- Life / Accident Coverage
- Paid Time Offs
- Employee Wellness
- Global Recognition and Rewards Programs
Other Details
We are passionate about honoring our employee’s identity and fostering a feeling of belonging. Our commitment is to provide an inclusive culture that celebrates the unique backgrounds and perspectives of our global teams while reflecting the communities we serve. We do not discriminate based on race, color, national origin, religion, political affiliation, sex (including pregnancy), sexual orientation, gender identity, age, disability, marital status, or veteran status. The company will provide accommodation to applicants, including those with disabilities, during the recruitment process, following applicable laws.
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