AML Associate

Full Time

Madison-Davis Client

Position Description/Overview:

  • Comply with all sections of the Compliance policies and procedures;
  • Provide and maintain a compliant working environment by adhering to all laws, regulations and ethical standards;
  • Use transaction monitoring system to review unusual transactions and activities;
  • Conduct online research on TM alert/case transacting parties;
  • Send, follow-up and track Request for Information inquiries and responses;
  • Compile appropriate supporting documentation (transaction csv, internet research and inquiry) with the alert and case investigations;
  • Analyze investigation evidence and findings, and make proper judgment on potential suspicious activities;
  • Draft review or investigation narratives for alerts/cases;
  • Conduct Trade Finance transaction reviews;
  • Draft SAR narratives and prepare SAR forms;
  • Assist and support the AML team in other duties such as statistic collecting, and data analysis;
  • Participate transaction monitoring system tuning and testing projects;
  • Perform other AML compliance related duties as required.

Education/Experience Requirements:

  • Bachelor’s Degree from a four year college or university;
  • 3 years in the field of BSA/AML experience at a financial organization and/or a regulatory agency;
  • Must have prior experience reviewing correspondent banking relationships and transactions;
  • Certificated Anti-money Laundering Specialist (CAMS) preferred; and
  • Prior experience with Actimize system preferred.

Knowledge/Skill Requirements:

  • Maintain a current thorough understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practices, criminal activities and developing trends;
  • Ability to prioritize and organize assignments;
  • Excellent analytical, problem solving skills;
  • Excellent verbal and written communication skills;
  • Must be able to work independently;
  • Strong interpersonal skills, professionalism and teamwork awareness;
  • Strong Microsoft Office skills (Word, Excel, PowerPoint).

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