Sr. Analyst - Transaction Monitoring AML & Financial Crimes Financial Intelligence Unit

Raymond James • FL

83d

About The Position

The AML Analyst applies specialized knowledge and skills in securities and/or banking industry compliance to monitor and investigate transactions for suspicious activity, ensuring compliance with AML rules and regulations. This role includes leading projects of moderate scope and complexity and serving as a technical advisor to various business lines. The AML Analyst is responsible for resolving or recommending solutions to complex problems and will have extensive contact with internal stakeholders/Financial Advisors/Branch personnel to identify, research, and resolve potential issues. If suspicious activity is identified, the investigator is required to promptly report any suspicious activity by filing a Suspicious Activity Report (SAR) and follow through the client retention process.

Requirements

• Strong SAR writing/narrative skills, including justification for suspicion.
• Knowledge of securities industry and/or banking compliance practices.
• Familiarity with rules and regulations of the US PATRIOT Act.
• Understanding of investment concepts, financial markets, and banking industry.
• Experience administering AML policies and procedures.
• Ability to analyze transactional activity to identify suspicious patterns.
• Skilled in developing and delivering training.
• Strong planning and organizational skills and being able to track work in progress to meet regulatory and internal requirements.
• Strong written and verbal communication skills.
• Ability to work under pressure on multiple tasks concurrently and meet deadlines in a fast-paced work environment with frequent interruptions and changing priorities.
• Work independently as well as collaboratively within a team environment.
• High level of customer service and confidentiality.
• Commitment to staying current with AML regulations and best practices.

Nice To Haves

• CAMS certification is required to be obtained within 12 months of the hire date.

Responsibilities

• Investigate potentially suspicious activity arising from automated transaction monitoring system, branch escalations, regulatory investigations, or matters escalated by various business lines including Compliance, Legal, Risk or other Firm divisions.
• Review client background information, securities transactions, and fund movements to identify potential money laundering, terrorist financing, or other financial crimes.
• Conduct thorough investigation utilizing internal and external searches on the clients, third parties, and identify any negative news.
• Send 314(b) requests and Requests for Information (RFI) to branches as needed.
• Prepare a detailed SARs (Suspicious Activity Reports) and file with FINCEN.
• Conduct continuing activity reviews and report any continuation of suspicious activity.
• Perform Level 2 (L2) reviews and request retention decision from the AML officers; follow through on the account closure for terminated relationships.
• Communicate findings to senior leadership in a thorough write-up including risk factors and supporting evidence for retention decision.
• Administer AML policies and procedures to ensure compliance with regulations related to money laundering included in the US PATRIOT Act.
• Monitor regulatory developments and industry trends to facilitate incorporation into the Firms’ AML program.
• Train team members on internal AML policies, processes, rules, and regulations.
• Deliver presentations during departmental/team meetings.
• Inform senior management about issues that may involve rule violations or potential liability.
• Perform other duties and responsibilities as assigned.

Benefits

• Development opportunities
• Networking groups
• Prioritizing diversity and inclusion

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree
• Number of Employees: 1-10 employees