Risk and Beneficial Ownership Manager Job Glen Burnie area,Maryland USA,Management

JOB PURPOSE AND SUMMARY

The Risk and Beneficial Ownership Manager is AMLSD’s senior internal management and technical coordination role, operating under the direction and authority of the Director, AMLSD. The position is responsible for managing AML/CFT/CFP risk-based supervision, supervisory analytics and beneficial ownership functions, translating the Director’s strategy and priorities into coordinated work programmes, methodologies, management information and operational delivery. The post-holder serves as the Director’s principal internal technical and managerial resource for risk-based supervision, supervisory prioritisation and beneficial ownership monitoring, supporting implementation of the FATF Standards and Mutual Evaluation readiness.

By providing leadership and oversight of these internal functions, the role enables the Director to focus on strategic leadership, policy development, stakeholder engagement, national and international coordination, and other external-facing responsibilities. The position operates within approved laws, delegations and governance arrangements and does not assume statutory powers assigned to other authorised decision-makers.

Key Accountabilities

Strategic Leadership and Management

Manage the day-to-day operation of the AML/CFT/CFP Risk and Beneficial Ownership function under the AMLSD

Director’s strategic direction, including delivery of its approved work programme, priorities, procedures, resources and performance reporting.

Provide the Director, AMLSD with timely, evidence-based advice on material ML/TF/PF risks, supervisory priorities, beneficial ownership vulnerabilities, emerging trends, delivery risks and options for regulatory response.

Translate the AMLSD Director’s strategy, decisions and Commission-wide AML/CFT/CFP priorities into measurable risk-based supervision and beneficial ownership work plans, and report implementation progress, barriers and material variances to the Director.

Promote clear functional separation between risk intelligence and planning activities and the operational delivery of examinations, compliance reviews and enforcement actions, while ensuring effective coordination between those functions.

Manage assigned staff, consultants and technical work streams; allocate work; monitor deadlines; review outputs; and address capacity or quality concerns.

Prepare concise decision-support reports, dashboards and recommendations for the Director’s review and, where authorised, support their presentation to senior management, relevant committees and the Board.

FINANCIAL SERVICES COMMISSION | AMLSDSenior Manager, Risk and Beneficial Ownership | Job Specification & Description

Oversee the development and controlled implementation of procedures, methodologies and quality controls for the function, and submit policies and material methodological changes to the Director for approval or onward approval through the appropriate governance channel.

Risk-Based Supervision Framework

Manage the implementation, maintenance, validation and enhancement of the Commission’s AML/CFT/CFP Risk-Based Supervision framework under the AMLSD Director’s strategic oversight.

Develop and maintain transparent, documented and auditable sector and entity risk assessment methodologies, risk-rating models, weighting criteria, indicators and supervisory scoring tools.

Ensure risk methodologies consider relevant inherent risk, control effectiveness and residual risk factors and are applied consistently across supervised sectors.

Oversee sectoral, thematic and institutional AML/CFT/CPF risk assessments and ensure conclusions are supported by reliable evidence and documented rationale.

Maintain current risk profiles for supervised entities and sectors, including documented…