Enhanced Due Diligence Analyst
Whippany, NJ

As a Barclays Enhanced Due Diligence Analyst, you will support various AML processes by performing enhanced due diligence for these higher risk customers, as certain customers pose a higher money laundering or terrorist financing risk to Barclaycard US. You will be responsible to analyze transaction monitoring, conduct suspicious activity investigations and reporting, perform new account screening, and conduct analysis of existing account reviews.

Barclays is one of the world's largest and most respected financial institutions, with 329 years of success, quality, and innovation behind us. We've helped millions of individuals and businesses thrive, creating financial and digital solutions that the world now takes for granted. An important and growing presence in the USA, we offer careers providing endless opportunity.

We are currently in the early stages of implementing a hybrid working environment, which means that many colleagues spend part of their working hours at home and part in the office, depending on the nature of the role they are in. We’re flexible on how this works and it may continue to change and evolve. Depending on your team, typically this means that colleagues spend a minimum of between 20% to 60% of their time in the office, which could be over a week, a month or a quarter. However, some colleagues may choose to spend more time in the office over a typical period than their role type requires. We also have a flexible working process where, subject to business needs, all colleagues globally are able to request work patterns to reflect their personal circumstances.

Please discuss the detail of the working pattern options for the role with the hiring manager.

What will you be doing?

• Reviewing new account for high-risk customers
• Performing ongoing account reviews for existing high-risk customers
• Obtaining, analyzing, reviewing, and verifying customer information for high-risk persons and business entities
• Researching on customers’ business activity & nature of business, ownership structure, controlling interests & beneficial ownership, anticipated/actual volume & transaction types
• Investigating reports of potential elder abuse and financial exploitation and report to the appropriate state authorities (when applicable)
• Providing sufficient analysis to write suspicious activity reports (SARs)
• Completing follow-up reviews on activity that was previously reported as suspicious
• Identifying trends in money laundering and terrorist financing activity and report to management

What we’re looking for:

• Bachelor’s Degree, preferably in Business, Accounting, Management, Finance, Criminal Justice, Fraud Prevention, or Homeland Security
• Three or more years’ experience in Credit Cards, Risk & Control, Compliance, Bank Secrecy Act, Anti-Money Laundering or Lending
• At least two years’ work experience in an AML capacity and knowledge of investigative techniques used in the investigation of financial crimes
• Results driven with a commitment to continuous process improvement and quality

Skills that will help you in the role:

• Knowledge of OFAC monitoring responsibilities & compliance
• Expertise in USA PATRIOT Act monitoring responsibilities & compliance
• With previous KYC, CDD & EDD research, documentation & verification responsibilities
• Professional BSA or AML certification(s)

Where will you be working?

At Barclays, we are proud to be redefining the future of finance and here at Whippany we are defining the future of the workplace and the future of the way we work and live. We are creating a unique community, one of four strategic tech-enabled hubs that will redefine opportunity for everyone who works here. Whatever you do at Whippany, you’ll have every chance to build a world-class career in this world-class environment.

We’re a global, vital and highly respected financial organisation with an inspiring Purpose. Operating in 50 countries and employing around 83,000 people across the world, we help communities, individuals and businesses thrive. And we’ve created financial solutions and technology that the world now takes for granted. A career with us can offer incredible variety, depth and breadth of experience, and the chance to learn from some of the best minds in technology and finance.