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Westfield - Seville, OH
posted 3 months ago
About the position
The Financial Crimes Senior Analyst will play a crucial role in supporting the financial crimes compliance programs at Ohio Farmers Insurance Company. This position involves reviewing, analyzing, and reporting on compliance related to anti-money laundering (AML), anti-bribery and anti-corruption (ABAC), and sanctions. The analyst will work closely with the Financial Crimes Compliance Manager to enhance compliance frameworks, perform risk assessments, and provide analytical support to mitigate financial crime risks.
Responsibilities
- Assist in the ongoing review and monitoring of financial crimes compliance programs, including AML, ABAC, and sanctions.
- Support the continuous assessment and update of financial crimes compliance policies and procedures to align with regulatory requirements and industry standards.
- Conduct detailed analysis of financial crime data and trends to identify areas of risk and improvement.
- Prepare reports and presentations for senior management on financial crimes compliance activities, findings, and risk assessments.
- Contribute to the development and delivery of financial crimes compliance training plans, ensuring alignment with regulatory standards and company policies.
- Assist in conducting financial crimes risk assessments across the organization and support the implementation of corrective action plans.
- Monitor changes in financial crimes regulations and provide research to ensure the company remains compliant with evolving legal and regulatory frameworks.
- Collaborate with cross-functional teams, including legal, finance, and risk management, to support the organization's financial crime compliance efforts.
- Maintain documentation related to compliance monitoring, reporting, and risk management activities.
- Assist in the preparation and execution of audits and internal reviews of financial crime compliance programs.
Requirements
- 3-5 years of experience in financial crimes compliance, anti-money laundering (AML), anti-bribery anti-corruption (ABAC), sanctions, or related compliance fields.
- Strong analytical skills with the ability to interpret complex data sets and regulations.
- Bachelor's degree in Finance, Law, Business Administration, or a related field (Preferred).
- Knowledge of financial crimes regulations and risk management strategies.
- Strong attention to detail, organizational, and communication skills.
- Ability to work collaboratively with cross-functional teams and manage multiple tasks in a fast-paced environment.
