AML Surveillance Analyst
AML Surveillance Analyst
(located in Manhattan)
The AML Analyst is responsible for monitoring and investigating customer transactions under applicable anti-money
laundering and anti-terrorist financing laws.
Additional responsibilities may include the following: performing 314(a) searches and related investigations, review of quarterly profile updates, supporting review of monitoring rules, procedures and guidelines, and performing research regarding specific money laundering concerns and coverage of the Compliance Coordinator Role as needed.
1.) Monitor and investigate customer transactions based on cases generated by the automated monitoring system
Interface with account officers, correspondent banks, and affiliates re customer activity and investigations
Participate in SAR Committee and weekly team meetings; prepare Suspicious Activity Reports as needed.
Gather information and respond as needed to compliance reviews, internal audits and external examination requests.
Perform research regarding specific areas of money laundering concern and keep up ACAMS certification through training sessions
In addition responsible for assistance with customer profile administration and generation.
This role is also responsible for supporting review of monitoring rules, procedures and guidelines, performing research
regarding specific money laundering concerns, training of new or junior staff, review of junior staff casework, preparation
of documentation for any exams, audits, testing requirements and updating and tracking internal AML watchlists.
2.)Support BSA/AML system and team administration as needed e.g.
through report preparation and review of minutes, SAR
filings and any AML related logs or reports maintained pertaining to AML as well as coverage of Compliance Coordinator function, filing SARs and reports associated with it, miscellaneous administrative tasks and ad hoc reporting assignments as directed by Team Leader
3.) Support BSA/AML Team Leader and Compliance Unit Head in development, enhancement and revision of procedures
and guidelines, and review of monitoring rules
4.) Microsoft Word, Excel and Power Point; some familiarity with external databases such as Lexis-Nexis, World-Check;
experience with automated transaction monitoring system preferred but not required.
REQUIREMENTS:Working knowledge of applicable anti-money laundering and anti-terrorist financing laws and regulations
Experience with automated monitoring system and AML Case investigations.
Additional ad hoc projects as assigned by Team Leader and additional work hours may be requested to meet deadlines.
Experienced knowledge of applicable anti-money laundering and anti-terrorist financing laws and regulations
Experience with automated monitoring system case work, experience with the Banks BSA AML Team policies and procedures and an overall understanding of overall banking knowledge.
Ability to carry out duties and train additional staff to carry out their duties consistently among the team and in accordance with applicable bank policies and procedures.
Enhanced writing and proofreading skills as well.
ACAMS Certification will be a plus
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