AML Compliance Analyst

at  Robert Half

Position: AML Compliance Analyst (Contract)
Location: 3700 Wiseman Boulevard, San Antonio, Texas, 78251, United States
Type: 100% ONSITE
Pay Rate: $26-$27/hourly
Required Years of Experience: Previous AML experience is required, bankers underwriters fraud detection prevention

JOB DESCRIPTION:

Interpretation of AML Risk standards guidelines policies and procedures.
Make risk based determination through Quality Analysis whether alerts were properly cleared by Compliance Alerts Analysts.
Ensure Alert data has been accurately collected and documented including but not limited to: Investigations data Suspicious Activity Reports SARS Currency Transaction Reports CTR Know Your Customer KYC information any relevant account and transaction data and all required information which would assist in an investigation.
Strong research analytical and comprehension skills with ability to analyze large amounts of data

REQUIRED QUALIFICATIONS:

Bachelor’s Degree and 3+ years of AML (Financial Industry Experience)
Investigative mindset
Good writer - needs to write the narratives
Decision maker
Must be Tech savvy - need to click through a lot of systems
Criminal Justice degree holder
Fraud experience
Mortgage Underwriters welcome
Must have good knowledge of Excel, Macros and Pivot Tables
Backgrounds
Finance or Business Graduate
Previous AML - Preferred
Banker- working within systems

Collect and analyze data, including alert, transactions, customer demographics and relevant account information to identify potential suspicious activity
Disposition and fully document the investigation, including supporting data, analysis, and rationale for disposition within the case management system
Complete the Suspicious Activity Report (SAR) form, if applicable, in accordance with Financial Crimes Enforcement Network (FinCEN) requirements
Effectively communicate with associates, management and various stakeholders on risks identified, possible typologies and recommend next steps
Balance inventory queues, deadlines, and priorities to achieve departmental standards and production goals.
Demonstrate teamwork by accepting ad-hoc requests to assist other associates on inventory
Responsible for fulfilling the Anti-Money-Laundering/Bank Secrecy Act requirements through identification and investigation of suspicious activity.
Analyze customer account transactions to detect suspicious activity and make decisions on appropriate action to take.
Work cooperatively with business line to establish procedures for identifying suspicious customer transactions specific to money laundering including the proper method for reporting such activity to the anti-money-laundering group.
Provide guidance support and recommendations to business lines regarding customer AML risk ratings and account activity.
Based on the outcome of the investigation analyze and determine whether or not a Suspicious Activity Report SARs must be filed with the Federal Government for any identified suspicious activity.
Work cooperatively with internal departments financial institutions and local state or federal authorities to obtain and analyze necessary information