Posted:6 days ago|
Platform:
Work from Office
Full Time
Senior Analysts engage in risk, compliance, and financial crimes projects to serve Promontory clients within the banking and finance industry helping them meet and exceed regulatory expectations. Senior Analysts are expected to positively contribute to Promontorys success in a variety of areas, including BSA, anti-money laundering surveillance and reporting assistance, OFAC sanctions compliance, and other areas relevant to todays heightened regulatory climate.
Senior Analysts must possess excellent writing, research, analytical, and critical thinking skills, and other applicable experience that leads to success in the role, such as strong work ethic and natural curiosity. Senior Analysts must be able to judiciously analyze, assess, and write clearly and concisely. The nature of this work requires individuals to be flexible, learn new skills, work within time constraints, and meet uncompromising quality requirements and production expectations while working closely with others in a dynamic team environment.
Senior Analysts may also serve as a backup and delegate for their Team Lead with up to 20% administrative responsibilities and may also support Quality Assurance activities for their assigned project.
Serve as a subject matter expert for assigned engagement.
Apply logic and strong reasoning skills to conduct research for case analysis.
Use sound decision-making skills to make recommendations based on research results.
Compose comprehensive supporting narratives
Interpret and apply project policies and procedures to direct work.
Maintain high work product quality as outlined by each project specifications.
Ensure work adheres to defined engagement policies and procedures
Manage work efficiently to meet production goals and project deliverables.
Contribute to developing individual and project goals and execute on tactical strategies for goal attainment
Work collaboratively with Team Lead(s) and Quality Assurance to help drive execution, meet quality and production goals and deadlines.
As needed, may be asked to provide other project support, including serving as a back-up to Team Leads, assisting in training new team members, reporting and process optimization related activities.
Model success behaviors, a high-performance work ethic and constant self-improvement. May assist in performing quality assurance reviews of Analyst work product, and deliver neutral, accurate and constructive feedback.
3 to 5 years of prior AML experience REQUIRED. (Alert, Cases, CDD, EDD)
Compliance experience at a financial institution is STRONGLY PREFERRED.
Retail banking experience is PREFERRED.
Demonstrated experience writing SAR/STR narratives and filing SAR/STRs.
Exceptional research and processing skills with the ability to analyze large data sets, decipher higher risk attributes (transactional, geographical, product, customer type, etc.), and disposition appropriately.
Superior writing skills with the ability to convey ideas clearly, succinctly, and efficiently.
Ability to listen, collect and understand appropriate information; identify the concerns of others.
Ability to work independently, take initiative, and able to adapt to change.
Ability to quickly understand and maintain current knowledge of banking regulations, concepts, and issues.
Adept at multi-tasking and meeting deadlines in high-pressure environment.
Results oriented team player with strong initiative and flexibility.
Positively influence others to achieve results that are in the best interest of the organization.
Able to determine priorities, implement action plans, and evaluate the overall workflow process and results.
Demonstrate a strong sense of urgency by responding immediately to escalated issues and rapidly changing priorities.
Exemplary customer service towards both internal and external parties.
Demonstrated computer software competency, including Microsoft Word and Outlook, is required.
Highly proficient in Microsoft Excel, with the ability to perform data manipulation and pivot tables, etc.
Review alerts generated by client systems for anomalous or potentially suspicious activity
Review Know Your Customer (KYC) data for the focal client
Analyze account transaction histories to identify activity indicative of money laundering, terrorist funding, or other potentially unusual or suspicious activity
Conduct due diligence research on focal party and key counterparties
Compare research and analysis to alert typology and close or escalate based on the review
Review alerts escalated to case and other cases such as Fraud and Legal Orders
Review Know Your Customer (KYC) data for the focal client(s)
Conduct multi-year transaction trend analysis
Analyze large/complex account transaction histories to identify activity indicative of money laundering, terrorist funding, or other potentially unusual or suspicious activity
Review detailed transaction images to verify and deepen understanding of activity
Conduct thorough open-source research to verify customer and counterparty details and identify risks
Send Requests for Information (RFI)s to bank customers to gather details on activity or other gaps
Conduct additional due diligence research on focal party and key counterparties
Create detailed case narratives outlining the investigation and reasons for closure or escalation
Accurately complete regulatory reporting to be submitted to FinCEN
Locate and add Subject Information
Enter descriptions of suspicious activity
Enter financial institution details & contact information
Enter a complete, detailed breakdown of the suspicious activity
Present the SAR to the bank for review prior to submission to FinCEN
Review sanctions screening alerts generated by client systems as possible OFAC matches
Compare customer profile and OFAC match profile details to identify mismatches
Utilize phonetics, spelling, and knowledge of short names nicknames to support name mismatches
Utilize client provided Politically Exposed Person (PEP) guidance for close family members to ensure alignment to client policy
Conduct online research to confirm or clarify mismatch or match data
Close mismatches or escalate possible true matches with notations on mismatches or matching data
Review KYC alerts generated by client systems for new customer or ongoing KYC review/remediation
Review customer profile details and any KYC gaps
Review customer documentation for validity, completeness, and any required notary services
Update customer profile details with incoming data from documentation and KYC questionnaires
Pull, aggregate, and reconcile multiple transaction reports
Validate transactions are truly cash and not processed as cash by bank personnel
Determine daily cash aggregates per customer exceeding $10,000
Determine if CTRs were filed by bank personnel and file missing CTRs
Review Customer KYC Data, Customer Profile, Account Types, Purpose of Accounts, and Expected Use
Verify Customer details such as address, SSN, DOB, and other relevant information
Verify supporting documentation for all profile information
Determine Source of Wealth and Source of Funds
Conduct risk assessment and risk rating based on the bank risk methodology
Review Customer KYC Data, Customer Profile, Account Types, Purpose of Accounts, and Expected Use
Verify Customer details such as address, SSN, DOB, and other relevant information
For entities, conduct beneficial ownership unwrapping
For entities, determine if proper licenses are held for various specialties
Conduct thorough open-source searches to validate accuracy of data and risks including geography
Verify supporting documentation for all profile information
Determine Source of Wealth (SOW) and Source of Funds (SOF)
Verify SOW and SOF are aligned with what is seen in customer transactions
Conduct risk assessment and risk rating based on the bank risk methodology
Undergraduate degree in Business Administration, accounting, finance, or other related discipline; or equivalent combination of education and experience that is required for the specific job level.
ACAMS Certification is preferred
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