AML Analyst recruitment
The affiliate correspondent accounts maintain multiple sub-accounts, which are used to segregate the activities of their service and include, but are not limited to:
- Third-party payments in support of correspondent banking relationships
- Whole bank-to-bank settlements (e.g. loans, trading and remittances)
- Bank payments on behalf of corporate customers of affiliates
The AML Analyst will be responsible for ensuring compliance with policies, procedures and US regulations for the Correspondent Banking and Corporate Banking line of business in relation to AML surveillance.
The AML Analyst will also ensure that the Bank meets its statutory obligations for reporting suspicious activity. This will involve investigation of suspicious activity from alerts generated by surveillance systems with SAR reporting as appropriate.
Main Responsibilities:
Process Activity – 90%
- Conduct initial analysis and assessment of alerts generated from Mantas using internal/external research tools
- Accurately document rationale for case closure or escalation as appropriate
- Undertake prompt closure of eligible alerts not deemed as unusual or suspicious
- Make suitable recommendations for alert suppression
- Take ownership of individual cases using appropriate case management tools and techniques to progress in order to meet timescales for alert investigation processing
- Carry out varying levels of research/investigation, depending on the complexity of each alert/case
- Determine if additional field enquiries are required and escalate as appropriate for non/low quality responses
- Communicate across firm jurisdictions to gather additional data as required
- Provide recommendations for SAR filing by presenting documentation to support findings
- Preparation of quality SAR narrative for presentation at Case review meetings
Team Support – 10%
- Proactively contribute to team performance
- Actively participate and contribute in team meetings
- Provide support and share best practice across team
- Provide input to continuous improvement and be receptive to change
Qualifications:
Required:
- 4+ years of AML Compliance and Bank Secrecy Act experience
- 2+ years of experience with Bank operations including SWIFT, CHIPS, Reconciliation, etc
- 2+ years of research and/or investigations including Fraud, AML, Credit or Risk
- 2+ years of case management recording
Preferred:
- Experience in Compliance, Risk, Operations or Control
- Knowledge of Correspondent Banking
- Experience with Mantas surveillance system
- Demonstrated use of analysis and professional judgment, quality control and high standards
- Ability to draw logical conclusions
- Proven track record of meeting processing targets
- Team player
August 5, 2012
• Tags: AML Analyst recruitment, Compliance, Legal careers in the USA • Posted in: Financial