AML Senior Analyst

Barclays•Whippany, NJ

1d•$64,000 - $87,000

About The Position

Purpose of the role To support Transaction Monitoring with investigating and reporting suspicious activity to the NCA when necessary. Accountabilities Support with day-to-day Transaction Monitoring initiatives including, reviewing, investigating and reporting through AML expertise. Execution of monitoring checks on customers, transactions, and other activities to identify potential risks and comply with regulatory requirements. Management of issues and alerts arising from transition monitoring tests, including the investigation and resolution of each incident. Collaboration with teams across the bank to align and integrate Transaction Monitoring processes. Identification of areas for improvement and providing recommendations for change in Transaction Monitoring processes. Development and implementation of Transaction Monitoring procedures and controls to mitigate risks and maintain operational efficiency. Identification of industry trends and developments to implement best practice in Transaction Monitoring Services. Participation in projects and initiatives to improve Transaction Monitoring efficiency and effectiveness. Analyst Expectations To perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement. Requires in-depth technical knowledge and experience in their assigned area of expertise Thorough understanding of the underlying principles and concepts within the area of expertise They lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources. If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others. OR for an individual contributor, they develop technical expertise in work area, acting as an advisor where appropriate. Will have an impact on the work of related teams within the area. Partner with other functions and business areas. Takes responsibility for end results of a team’s operational processing and activities. Escalate breaches of policies / procedure appropriately. Take responsibility for embedding new policies/ procedures adopted due to risk mitigation. Advise and influence decision making within own area of expertise. Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct. Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function. Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function. Make evaluative judgements based on the analysis of factual information, paying attention to detail. Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents. Guide and persuade team members and communicate complex / sensitive information. Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation. All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave. Strengthen Financial Crime Prevention at Barclays – Take on a critical role conducting AML-related investigations and guiding AML excellence. In your role as AML Senior Analyst, you’ll play a critical role investigating and documenting highly detailed alerts generated by our automated surveillance systems, as well as manual referrals from areas such as Fraud, Subpoenas, and 314(a) inquiries. You will ensure investigations meet the highest standards of quality and productivity and file a SAR on potential suspicious activity where appropriate. In addition to supporting day to day alert reviews, you’ll participate in special projects including remediation efforts, PEP and elder abuse reviews, and new technology projects. Acting as a subject matter expert, you will provide guidance to junior analysts during their accreditation phase, assist with training material development, and lend experience to AML Operations projects. Through this work, you’ll strengthen Barclays’ ability to detect and prevent financial crime while fostering collaboration and operational excellence.

Requirements

Experience in Credit Cards, Risk & Control, Compliance, Bank Secrecy Act, Anti-Money Laundering and /or Lending
Relevant SAR filing experience and highly detailed investigations experience
Experience working on an AML Transaction Monitoring team
Considerable analytical and problem-solving skills
The ability to multi-task and work with vying priorities
In-depth technical knowledge and experience in their assigned area of expertise
Thorough understanding of the underlying principles and concepts within the area of expertise

Nice To Haves

Business, Accounting, Management, Finance, Criminal Justice, Fraud Prevention, or Homeland Security degree preferred
Juris Doctor (JD) / Law experience or background preferred
Relevant professional certifications: ACAMS or CRCM

Responsibilities

Support Transaction Monitoring with investigating and reporting suspicious activity to the NCA when necessary.
Support day-to-day Transaction Monitoring initiatives including, reviewing, investigating and reporting through AML expertise.
Execution of monitoring checks on customers, transactions, and other activities to identify potential risks and comply with regulatory requirements.
Management of issues and alerts arising from transition monitoring tests, including the investigation and resolution of each incident.
Collaboration with teams across the bank to align and integrate Transaction Monitoring processes.
Identification of areas for improvement and providing recommendations for change in Transaction Monitoring processes.
Development and implementation of Transaction Monitoring procedures and controls to mitigate risks and maintain operational efficiency.
Identification of industry trends and developments to implement best practice in Transaction Monitoring Services.
Participation in projects and initiatives to improve Transaction Monitoring efficiency and effectiveness.
Perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement.
Lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources.
Develop technical expertise in work area, acting as an advisor where appropriate.
Take responsibility for end results of a team’s operational processing and activities.
Escalate breaches of policies / procedure appropriately.
Take responsibility for embedding new policies/ procedures adopted due to risk mitigation.
Advise and influence decision making within own area of expertise.
Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to.
Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct.
Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function.
Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
Make evaluative judgements based on the analysis of factual information, paying attention to detail.
Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents.
Guide and persuade team members and communicate complex / sensitive information.
Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation.
Investigating and documenting highly detailed alerts generated by our automated surveillance systems, as well as manual referrals from areas such as Fraud, Subpoenas, and 314(a) inquiries.
Ensure investigations meet the highest standards of quality and productivity and file a SAR on potential suspicious activity where appropriate.
Participate in special projects including remediation efforts, PEP and elder abuse reviews, and new technology projects.
Provide guidance to junior analysts during their accreditation phase, assist with training material development, and lend experience to AML Operations projects.

Benefits

Barclays employees are eligible for a suite of competitive and generous employee benefits, including medical, dental and vision coverage, 401(k), life insurance, and other paid leave for qualifying circumstances.
This position is eligible for an incentive award.

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