AML Transaction Monitoring Associate
About The Position
The AML Department handles the anti-money laundering/sanctions/financial crime compliance and regulatory obligations applicable to the Firm’s businesses. We are looking for an Anti-Money Laundering/Financial Crime Compliance associate dedicated to supporting the AML Transacting Monitoring Manager in various divisions within StoneX Group Inc. In this role, the AML Transaction Monitoring Associate will play a crucial role in protecting the firm from activity that may be unusual and/or indicative of potential money laundering, fraud, and other types of financial crimes. The AML Transaction Monitoring Associate will be responsible for conducting a variety of tasks such as BAU Alert reviews, SAR drafting, enhanced due diligence, metrics reporting and related ad hoc projects. S/he will utilize internal and external investigative resources and apply logical research techniques.
Requirements
- 1-3 years experience in conducting alert reviews, investigations, due diligence, and handling remediations in a financial services institution
- Must have previous financial and/or banking industry experience
- Good understanding of transaction monitoring scenarios logic
- Ability to conduct enhanced due diligence and screening
- Knowledge of AML, KYC, FINCEN, CIP, OFAC, PATRIOT Act, requirements and regulations.
- Experience in conducting comprehensive investigations and account activity analysis
- Strong writing and analytical skills
- Strong problem-solving skills
- Operational knowledge of USD payment systems, including SWIFT, CHIPS, ACH, and FedFunds a plus
- Good working knowledge of case management system and transaction monitoring tools (i.e. Nice Actimize, Oracle Mantas)
- Good working knowledge of MS Excel, including pivot tables, macros, filtering, and sorting.
- Experience using LexisNexis, World Check or similar tools for due diligence
Nice To Haves
- CAMS certification a plus
Responsibilities
- Manage daily alert volumes and investigations; escalate matters to AML management as necessary
- Conduct additional reviews on transactional history and client profile to determine the applicable course of action with the Transaction Monitoring manager
- Work with other business lines (front office, onboarding, operations/treasury) to request additional information where needed
- Memorialize rationale on how alerts or investigations are dispositioned; conduct follow up reviews where necessary
- Prepare narratives and supporting information needed for filing Suspicious Activity Reports (SARs)
- Conduct complex investigations involving matters such as reviews of multiple associated accounts
- Keep abreast of new rules, and regulations to further improve the investigation processes
- Participate in related AML projects and remediations as necessary
- Learn and develop a thorough comprehension of internal AML typologies relating to specific business lines
- Utilize internal and external sources, and partner with other members within AML team to research and investigate cases
- Perform other duties as assigned by your line manager
Benefits
- full range of medical, financial, and/or other benefits, dependent on the position
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
