Analyst, AML & Financial Crimes - Client Identification Program

About the position This position is for the Customer Identification Program (CIP) Team with a primary focus in verifying individual and entity profiles to meet regulatory Know Your Client (KYC) requirements. Under limited supervision, specialized knowledge and skills in securities and/or banking industry compliance obtained through experience, specialized training, and/or certification are used to monitor and investigate transactions for suspicious activity to ensure compliance with AML rules and regulations. Assists on projects of moderate scope and complexity and serves as a technical advisor to various business lines. Resolves or recommends solutions to complex problems. Extensive contact with internal customers is required to identify, research, and resolve problems.

Responsibilities

• Conducting research utilizing available systems, databases, and the internet, consistent with the resolution of investigations.
• Documenting and reporting the investigation findings in the case management system and preparing reports to management as required.
• Drafting reports detailing work performed and conclusions reached, which require minimal editing and provide a clear message including suggested corrective and/or remedial action.
• Developing metrics and reporting measures as directed and reporting results to management.
• Investigate potential negative media alerts to identify whether a true match to a prospective or existing client and escalate, as appropriate, to Management.
• Perform reviews and analysis utilizing internal and third-party research tools.
• Abide by policies and procedures to ensure compliance with regulations related to money laundering included in the USA PATRIOT Act.
• Mentor colleagues/peers on internal AML policies, rules, and regulations.
• Inform senior management about issues that may involve rule violations or potential liability.
• Maintain currency in laws and regulations pertaining to anti-money laundering compliance.
• Perform other duties and responsibilities as assigned.

Requirements

• Customer Due Diligence, Enhanced Due Diligence, and other KYC policies and procedures.
• Concepts, practices, and procedures of securities industry and/or banking compliance reviews.
• Rules and regulations of the USA PATRIOT Act.
• Experience with investigative techniques and report writing.
• Securities industry knowledge and/or financial services industry experience.
• Fundamental investment concepts, practices, and procedures used in the securities industry.
• Principles of banking and finance and securities industry operations.
• Financial markets and products.
• Administering anti-money laundering policies and procedures.
• Planning and scheduling work to meet regulatory organizational, and regulatory requirements.
• Identifying and applying appropriate compliance monitoring procedures and tests.
• Interpret and apply anti-money laundering regulations and identify and recommend compliance changes as appropriate.
• Work under pressure on multiple tasks concurrently and meet deadlines in a fast-paced work environment with frequent interruptions and changing priorities.
• Communicate effectively, both orally and in writing.
• Independently research and resolve issues while working across teams to acquire information.
• Provide a high level of customer service.
• Establish and maintain effective professional working relationships at all levels of the organization.
• Handle highly confidential information professionally and with appropriate discretion.
• Maintain currency in anti-money laundering rules and regulations, compliance examination techniques, and best practices.
• Bachelor’s Degree (B.A.) from a four-year college or university in a related field and a minimum of 3-5 years’ experience in compliance in the securities or banking industry with a focus in anti-fraud/Anti-Money laundering activities.
• Any equivalent combination of education, training and/or experience approved by Human Resources.

Nice-to-haves

• CAMS is required or the ability to obtain within 18 months of employment or a designated time frame established by the manager.

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