AML Analyst (TEMP)

Industrial and Commerce Bank Of China USA NA•New York, NY

7h•$30 - $40•Onsite

About The Position

The AML Analyst is responsible for reviewing customer activities and identifying unusual or suspicious transactions and ensuring the bank’s compliance with Bank Secrecy Act /AML regulations. This is a 3-6 months onsite temporary position with a possible extension on a need basis. The hourly rate is $30-$40.

Requirements

Apply core AML skills to financial products and processes.
Communicate issues to AML Manager and BSA Officer in an effective manner.
Identify suspicious or unusual activity and escalate matters for heightened review.
Bachelor's degree from an accredited four-year college or university in Business, Finance, Law or relevant field.
Two to three years of related experience and/or training.
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.
Ability to write reports, business correspondence, and procedure manuals.
Ability to effectively present information and respond to questions from groups of managers.

Nice To Haves

CAMS Certification preferred.

Responsibilities

Support the AML process by engaging in alert monitoring and customer due diligence reviews
Analyze transaction activity alerts, such as cash deposits, wires, loans, RDC, ACH and check activity.
Make determinations to escalate matters for further investigation
Conduct research utilizing internal and external database and document investigative findings
Conduct reviews required by the Annual Compliance Plan
Attend required BSA/AML related training
Assist other BSA staff in related job performances
Participate in ad-hoc AML projects and support other BSA functions on an as needed basis.
Provide first line with advisory guidance and routinely monitor for compliance, assess risks and the activities to mitigate the risks.
Has sufficient authority, stature, independence, resources and access to the Board & executive management to raise risks and concerns.