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AML Analyst

Company: Procom Consultants Group Ltd
Location: Irving
Posted on: June 21, 2022

Job Description:

AML AnalystOn behalf of our client in the Financial Services Sector, PROCOM is looking for an AML Analyst.AML Analyst - Job DescriptionThe AML Analyst is responsible for performing AML Reviews/Investigations of account activity, and recommending the filing of Suspicious Activity Reports (SARs) and/or relationship termination, as appropriate. Cases are worked from beginning to completion in accordance with relevant AML policies and procedures. Cases are generated from sources which include:1. Automated Monitoring System (e.g. Mantas)2. Client-On boarding and Maintenance and Transaction monitoring referrals3. Referrals from business partners and other control areasAML Analyst - Responsibilities

  • Conduct research over available Bank systems, the Internet and Commercial Databases consistent with the resolution of case reviews and investigations.
  • Collect and examine financial statements and documents to assist in identifying unusual transaction patterns.
  • Document and report the review/investigation findings and prepare case files with required supporting documentation (e.g. media search results, copies of statements/checks, results from internal system searches etc.)
  • Follow-up with additional Point(s) of Contact (POC) as needed to identify additional information in support of the case.
  • Liaise with other FIU units, Advisory, Business Compliance teams, CSIS, FIU Legal, GIU, and Law Enforcement.
  • Draft and file Suspicious Activity Reports (SARs) consistent with FinCEN requirements.
  • Recommend relationship retention or termination and track account closures as required.
  • Interact with Senior Management on the Compliance, Legal and business sectors concerning AML issues.
  • May provide direction to more junior staff.AML Analyst - Job Qualifications
    • Four Year College Degree or equivalent experience.
    • Minimum 1 - 5 years of experience in reviewing customer transactions and information for identifying potentially suspicious activity and performing AML or fraud reviews/investigations.
    • Experience in writing and preparing Suspicious Activity Reports (SARs) in accordance with applicable regulatory requirements preferred.
    • Work experience in a financial institution with job specific work experience in AML.
    • Knowledgeable of the laws applicable to money laundering, including the Bank Secrecy Act, the USA PATRIOT act, US Treasury AML guidelines, OFAC requirements, and Suspicious Activity Reporting requirements preferred.
    • General understanding of Senior Public Figures, Money Service Businesses, Wealth Management and Retail Banking preferred.
    • Established business knowledge and comprehension of financial products.
    • Excellent organizational, time management and project management skills.
    • Excellent research skills including experience with online search tools.
    • Advanced proficiency in Microsoft Word, Excel, Access, Power Point and Outlook.
    • Strong attention to detail and follow-up skills.
    • Strong writing, analytical and communications skills. Must be able to multitask and complete projects on time.
    • SAR Writing experience, specifically in retail banking, and more knowledge of AML Red Flags such as cash structuring.
    • Ability to understand and draw conclusions from research conducted.
    • Should be a self-starter, and organized, and must have the ability to work independently, without supervision.
    • Proficiency in a foreign language is a plus.
    • CAMS certification preferred.AML Analyst - Assignment Start DateASAP - 6 -months to startAML Analyst - Assignment LocationIrving, TX

Keywords: Procom Consultants Group Ltd, Irving , AML Analyst, Professions , Irving, Texas

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