AML Transaction Investigator

Oppenheimer • New York, NY

380d • $60,000 - $85,000

About The Position

Oppenheimer & Co. Inc is seeking an AML Transaction Monitoring Investigator to join their AML Group in our New York office. The Investigator will perform surveillance for our growing international based retail and institutional clients maintained at the firm. This surveillance can be accomplished by reviewing Actimize alerts, exception reports, conducting detailed research on the involved parties, and analyzing activity for those parties for possible money laundering, terrorism financing, and/or other suspicious activities. The Investigator will also determine the source of the funds and if the activity makes sense for the involved parties. The reviews include, but are not limited to, performing background research on entities and/or individuals using databases such as LexisNexis, World Compliance, as well as the Internet. The surveillance Investigator is also expected to clearly document and explain the review performed. Previous experience covering Broker Dealer or Private Wealth business/Private banking in an AML capacity is highly desirable.

Requirements

• Bi-lingual Spanish / English is preferred
• Minimum of two years with direct experience in Latin American / Central American AML focused investigations
• An acute investigative prowess, with the ability to think critically in identifying AML typologies and patterns.
• Bachelors Degree required; Certified Anti-Money Laundering Specialist (CAMS) preferred
• 2-4 Years of experience in reviewing customer transactions and information for potentially suspicious activity and performing AML or financial investigations
• Proficient in reviewing and clearing AML surveillance alerts; use of Actimize a plus
• Experience writing and preparing Suspicious Activity Reports (SARs) in accordance with applicable regulatory requirements
• Understand investment products, financial instruments, and anticipated/expected customer behavior in order to effectively identify risk and suspicious activity
• Exceptional research and analytical skills with the ability to analyze large amounts of data, decipher higher risk attributes (transactional, geographical, product type, customer type, etc.) and dispose of appropriately
• Knowledge of applicable anti-money laundering laws, including the Bank Secrecy Act, the USA PATRIOT Act, US Treasury AML guidelines, OFAC requirements, and Suspicious Activity Reporting requirements
• Must have strong experience with research tools such as LexisNexis, World Compliance, etc
• Experience in conducting due diligence
• Excellent verbal and written communication skills
• Proficient in MS Office (Outlook/Word/Excel)
• Strong skills to clearly document disposition of alerts

Responsibilities

• Perform review on alerts generated from our AML Transaction Monitoring system, Actimize
• Conduct periodic internal account/customer reviews to identify potentially suspicious activity
• Prepare Suspicious Activity Report (SAR) filings
• Effectively communicate with lines of businesses to obtain additional information and documentation as needed
• Recommend appropriate follow-up and possible action for customers that exceed the Firms risk tolerance
• Flexible to perform other functions as requested by management

Benefits

• Discretionary bonus eligibility

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Education Level: Bachelor's degree
• Number of Employees: 51-100 employees