AML Surveillance Analyst recruitment

The Transaction Monitoring and Surveillance Team manages the rules and parameters used in the Bank’s automated transaction monitoring system and handles cases generated by the system for review, and investigation and waiver or reporting.

Main Accountabilities

A team of AML Analysts within the Transaction Monitoring and Surveillance Team reviews all cases of potentially suspicious activity generated via the Bank’s automated transaction monitoring solution; waives or investigates the cases; and escalates cases to the Transaction Monitoring and Surveillance Team Manager, when appropriate, for possible SAR filing. Their primary focus is correspondent banking activity which is monitored using the Bank’s automated transaction monitoring system, however designated AML Analysts also review alerts and/or activity manually generated, as well as any activity escalated during the normal course of business.

* Act as the first level reviewer - make initial investigation decisions on corresponding banking BSA cases as well as determine the specific information needed to manage the investigation.

* Initial escalator of issues relating to suspicious BSA related issues to Management.

* Advise Management on current issues regarding to corresponding banking.

* Prepare and participate in various training sessions provided to front office and operation persons.

* Assist the Transaction Surveillance Group with analysis to optimize processes for improving correspondent banking monitoring.

* Assist other members of AML Compliance with ad hoc analysis and investigation requests.

* Know and understand the laws applicable to money laundering, to include the BSA, the USA PATRIOT Act, US Treasury AML guidelines, OFAC requirements and Suspicious Activity Reporting requirements.

* Possess strong analytical and communication skills and be able to multi-task, adhering to specific quality and productivity guidelines.

* Self-starter with the organizational skills and ability to work independently, applying sound judgment and rationale for decision made.

* Strong research skills, advanced skills in the use of Microsoft Word, Excel, PowerPoint, PRIME Compliance Suite, and experience with online research systems including web-based tools.

* Knowledge of multi-cultural situations and languages with the ability to apply them efficiently to the AML surveillance field.

* Review and analyze AML current trends and news in order to identify high risk areas, counterparties or keywords to incorporate into monitoring filters, rules, or profiles. 

Capabilities – Required Qualification

Competencies

Required:

* Strong attention to detail

* Ability to work under minimal supervision

Technical skills

Required:

* MS Office Suite

Prior Work experience

Required:

* 3-5 years experience

* Experience in assisting with AML/OFAC special projects or AML/OFAC implementation of new/updated procedures

Education

Required:

* Bachelor’s Degree or higher education level