Job Description

Role Descriptions: The primary responsibilities include conducting transaction monitoring and due diligence reviews. Candidates will analyze data sources and prepare escalations for risk mitigation. They will also manage client queries and ensure timely resolution of issues. Generating reports and tracking process performance is essential. Quality-checking analyst narratives for accuracy is a key task.
Reviewing alerts: Analyzing AML alerts generated in FCRM, and looking for the specific AML alerts category (potential red flags) like - structuring, high-risk high-volume transaction, change in behavior, etc.
Review the alerted activity and 30 days of recent activity on the account including appropriate research to explain why the activity is performed.
Customer profile checks: Verifying customer information against existing records to understand the legitimacy of transactions and the customer's expected activity.
Basic investigation: Conducting initial research using internal systems and external data sources to gather information about the transaction, parties involved, and potential risks.
Review the alerted activity and 30 days of recent activity on the account including appropriate research to explain why the activity is performed.
Alert disposition: Deciding whether to
o close an alert as non-suspicious with no further action recommended
o escalate it to a higher level for more robust & thorough investigations
Documentation: Record their findings and rationale for the decision made on the alert in a specific format provided with FCRM update
Compliance adherence: Ensuring all reviews are conducted in accordance with established AML policies, regulations, and internal procedures.
Essential Skills: Experience with advanced reporting tools and VBA skills is preferred. Certification in Financial Crime Compliance (FCC) is a plus. Familiarity with various databases and media screening platforms can enhance a candidates profile. Strong stakeholder management abilities are beneficial. Proactive problem-solving skills are advantageous.Candidates must have at least 5 years of experience in AMLKYC and compliance operations. Proficiency in transaction monitoring and due diligence is essential. Strong analytical and communication skills are required to document findings effectively. Familiarity with AMLKYC screening tools is crucial. A degree in a relevant field is necessary.
Basic understanding of AML regulations: Familiarity with Bank Secrecy Act (BSA), OFAC sanctions, and other relevant anti-money laundering laws.
Analytical skills: Ability to identify patterns, analyze complex data, and draw logical conclusions from available information.
Attention to detail: High level of accuracy when reviewing transactions and documenting findings and recommend action with detailed rationale.
Investigative skills: Capability to gather and assess information from various sources to support decision-making
Basic knowledge of financial products and services: Understanding different types of transactions, customer profiles, and potential red flags associated with various financial activities.
Skills: Articulation~Transaction Processing~Statistics & Analytics
Experience Required: 4-6

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