Financial Crimes Compliance Analyst

About the position

As a Financial Crimes Compliance Analyst, your responsibilities will include, but are not limited to: 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.

Responsibilities

• Performing Fraud alert/case reviews to mitigate risks associated with financial crimes and suspicious activity.
• Applying research and analytic techniques to digest complex information sets.
• Conducting end-to-end reviews of potential illegal or suspicious activity.
• Completing time-sensitive analysis of potential OFAC Sanctions violations, Anti-Money Laundering activity, and Fraud.
• Assessing customer profiles and client data for consistency with typical purchasing/payment activity.
• Documenting findings in a transaction monitoring case management system.
• Drafting and filing Suspicious Activity Reports (SAR).
• Delivering high quality work product independently and collaboratively.
• Learning client procedures, systems, and processes.

Requirements

• Bachelor’s degree from an accredited college/university.
• 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, 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.
• Knowledge of US Suspicious Activity Reporting (SAR) including filing requirements.
• Ability to detect and mitigate red flags for potential financial crime.
• Transaction analysis skills related to credit card and consumer savings account activity.
• Experience composing and filing Suspicious Activity Reports.
• Strong analytical and research skills.
• Ability to excel within a team environment and independently.
• Ability to multi-task and effectively prioritize tasks.
• Effective oral and written communication skills.
• 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.

Nice-to-haves

• 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.
• CAMS certification.

Benefits

• Medical, Rx, Dental & Vision Insurance
• Personal and Family Sick Time & Company Paid Holidays
• Position may be eligible for a discretionary variable incentive bonus
• Parental Leave
• 401(k) Retirement Plan
• Basic Life & Supplemental Life
• Health Savings Account, Dental/Vision & Dependent Care Flexible Spending Accounts
• Short-Term & Long-Term Disability
• Tuition Reimbursement, Personal Development & Learning Opportunities
• Skills Development & Certifications
• Employee Referral Program
• Corporate Sponsored Events & Community Outreach
• Emergency Back-Up Childcare Program