Financial Crimes Compliance Analyst

Financial Crimes Compliance Analyst

Requirements

• Bachelor’s degree from an accredited college/university and 1 to 3 years relevant experience (Relevant experience may be substituted for formal education or advanced degree).
• Knowledge of applicable laws, regulations, and guidelines (e.g., BSA, OFAC, FinCEN guidance).
• Knowledge of Financial Crimes Compliance functions such as OFAC Sanctions, Anti-Money Laundering, KYC, CDD, EDD and/or Financial Fraud Investigations.
• Knowledge of common Fraud typologies (Account Take Over (“ATO”), First Party Fraud, Third Party Fraud, Identity Theft, Fraud Schemes).
• 1 to 2 years of experience assessing and reviewing system generated and manual Fraud/AML alerts and/or escalations/SAR write-ups for potentially suspicious activity.
• Knowledge of US Suspicious Activity Reporting (“SAR”) including SAR filing requirements for when there is a suspect vs no identified suspect in Fraud matters.
• Ability to detect and mitigate red flags for potential financial crime, including money laundering, terrorism financing activities and fraud, as it appears in transactional data.
• Transaction analysis skills related to credit card and consumer savings account activity.
• Experience composing and filing Suspicious Activity Reports.
• Strong analytical and research skills.
• The ability to excel within a team environment and independently.
• The ability to multi-task and effectively prioritize tasks.
• The ability to work in a production driven environment.
• Effective oral and written communication skills.
• The ability to present to an escalation committee on a weekly basis.
• Strong proficiency in Microsoft Excel and other Microsoft Suite Products.
• Ability to quickly learn and adapt to new policies, procedures, and vendor systems.
• US Citizenship or Green Card required.

Responsibilities

• Performing Fraud alert/case reviews, seeking to mitigate risks associated to financial crimes and suspicious activity.
• Applying research and analytic techniques to digest complex information sets to make logical and adequately supported determinations in regard to unusual and potentially suspicious activity.
• Applying consistent and well-documented analysis aligned with industry standards to ensure success in the following daily efforts of Transaction Monitoring: Conducting an end-to-end and meticulous review of potential illegal or suspicious activity; Completing time-sensitive and meticulous analysis of each instance of potential OFAC Sanctions violations, Anti-Money Laundering activity, Fraud and/or suspicious financial activity across multiple jurisdictions and countries; Assessment of customer profiles and client data to identify whether activity is consistent with typical purchasing/payment activity, including Acceptable Use Policy adherence and Know Your Customer efforts; Documenting findings in narrative style format, in a transaction monitoring case management system and prepare updates to Project Managers / Team Leads as appropriate; and Making determinations in addition to drafting and filing Suspicious Activity Reports (SAR).
• Executing and delivering high quality work product, functioning both independently and in a collaborative setting with a focus on client satisfaction.
• Learning client procedures, systems, and processes and adhering to client requirements.

Preferred Qualifications

• Experience with financial crimes risks associated with Transaction Monitoring/ Screening/ Fraud Operations/ SAR Reporting/Identification and Verification of Customers, KYC, CDD and EDD.
• General Compliance function and process knowledge (Transaction Monitoring/ Screening/ Fraud Operations/ SAR Reporting/Identification and Verification of Customers, KYC, CDD and EDD).
• CAMS certification.