AML Compliance Risk Assess Analyst
Jersey City, NJ
o Conduct testing of the AML and Sanctions Program including Investigations and Suspicious Activity Reports (SARs), Sanctions, Transaction Monitoring, and KYC records. Identify gaps or trends in records and processes both for individual analysts and across the team. Recommend and, in coordination with the Program Managers, implement enhancements to the Program and/or QT process itself.
o Prepares and reviews investigative file documents for AML investigations and Suspicious Activity Reports and coordinates with the AML staff to ensure that items are appropriately documented in the file. This requires that the incumbent have an understanding of the transaction activity (client transaction and trading activity), due diligence, and assessment and analysis in order to ensure the report and supporting documentation accurately and sufficiently evidence the review and recommendation.
o Must have an understanding of the transaction activity (client transaction and trading activity), due diligence, and assessment and analysis in order to ensure the report and supporting documentation accurately and sufficiently evidence the review and recommendation. Prepare written summaries of testing results for reporting purposes to firm management committees as well as AML team managers. Prepare and validate monthly metrics and status reports including trends and recommendations for action items. O Support testing, validation and preparation of the Department's annual report and annual risk assessment.
o Provides support on special projects as needed (ex: regulatory driven projects). Examples include; maintain project records, documenting the status of projects, working with department head to reconcile documentary evidence of projects, etc.
o Assist in the coordination of the global team meetings for MLRO'sand maintaining meetings/action plans. O Tracking and maintenance of team training records o Other projects as assigned o Bachelor's degree o Experience in AML policies and procedures and training; o Experience in AML surveillance and preparation of investigations and SARs; o Knowledge of due diligence tools and standardso Within financial services, familiarity with both trade and payment activity (a plus)o Experience with compliance testing (a plus)o Strong Excel skills o Approximately 5-8 years relevant experienceo Strong organizational, planning and project management skillso Sound judgment, professionalism and discretiono Strong level of comfort with data analysis/manipulation