AML Transaction Monitoring Analyst
About The Position
The candidate will be responsible for reviewing alerts of potentially suspicious activity generated via the Bank's automated transaction monitoring system; closes or escalates them to a case; and investigates cases to determine whether further escalation is warranted. Responsibilities will include: Act as the first level reviewer in making initial alert decisions as well as determining the specific information needed to manage the investigation. Manage a queue of alerts and cases ensuring timely follow up of requests and adherence to escalation procedures. Assist the TMG with analysis to optimize processes for improving monitoring. Assist other members of AML Compliance with ad hoc analysis and investigation requests. Conduct targeted account reviews on high risk correspondent banking clients and analyze from a holistic view of customers in terms of products, services, and underlying transactions as well as escalate potential issues. Prepare case summary narratives prior to escalating to the US TMG team. Review and analyze AML current trends and news in order to identify high risk areas, counterparties or keywords to incorporate into monitoring filters, rules, or profiles.
Requirements
- Ability to communicate in English, both orally and in writing, is a requirement as the person in this position will need to collaborate regularly with colleagues and partners in the United States.
- Know and understand the laws applicable to money laundering, including the BSA, the USA PATRIOT Act, US Treasury AML guidelines, SARs, and other requirements Strong attention to detail
- Possess strong analytical, organizational, and communication skills and be able to multi-task, adhering to specific quality and productivity guidelines
- Strong research skills, advanced skills in the use of Microsoft Word, Excel, PowerPoint and experience with online research systems including web-based tools
- Knowledge of multi-cultural situations and languages with the ability to apply them efficiently to the AML surveillance field
Nice To Haves
- Prior AML Surveillance and/or Investigation experience preferred.
Responsibilities
- Act as the first level reviewer in making initial alert decisions as well as determining the specific information needed to manage the investigation.
- Manage a queue of alerts and cases ensuring timely follow up of requests and adherence to escalation procedures.
- Assist the TMG with analysis to optimize processes for improving monitoring.
- Assist other members of AML Compliance with ad hoc analysis and investigation requests.
- Conduct targeted account reviews on high risk correspondent banking clients and analyze from a holistic view of customers in terms of products, services, and underlying transactions as well as escalate potential issues.
- Prepare case summary narratives prior to escalating to the US TMG team.
- Review and analyze AML current trends and news in order to identify high risk areas, counterparties or keywords to incorporate into monitoring filters, rules, or profiles.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
Number of Employees
1-10 employees
