Job Description
Based in New York, the AML and Fraud Financial Intelligence Unit Investigator works under the Financial Intelligence Unit (FIU) Investigations Team Leads and in close conjunction with the Compliance Quality Assurance Officers. Primary responsibility will be to conduct thorough AML / Fraud investigations of customer transactions and present and prepare SARs in order to ensure that the Bank is in compliance with BSA/AML regulatory requirements.
This individual must have a strong understanding of banking transactions as well as the implications on complying with all laws and regulations relating to money laundering including the Bank Secrecy Act, USA PATRIOT Act, KYC, OFAC, SARs and CTRs.
The AML and Fraud FIU Investigator is responsible for reviewing AML alerts for potentially suspicious activity while conducting due diligence through various sources, both internal and external, documenting investigations and its results and providing initial recommendations and dispositions with supporting reasons. The AML and Fraud FIU Investigator manages all alerts vertically through disposition/conclusion, which may include presenting the recommendation to the SAR Committee and preparing SARs, while ensuring that the entire process is handled in a timely manner. The AML and Fraud FIU Investigator is expected to become knowledgeable in currency regulations of the various countries in which the Bank has presence. The AML and Fraud FIU Investigator is also expected to multi-task ad hoc/special projects when requested by management together with the Investigator’s regular responsibilities.
Qualifications
Minimum Requirements
The individual must have a solid knowledge of banking transactions, AML investigative processes and AML reporting requirements within the financial services industry. An Associates or Bachelor’s degree or equivalent work experience is required. The individual must be able to communicate effectively to management both orally and in writing. The individual must possess strong analytical skills; excellent follow through and attention to detail, consistent sound judgment, strong organizational skills and excellent time management. Individuals must be able to work independently and with minimal supervision while performing multiple tasks and meeting challenging deadlines. Excellent working knowledge of MS Word and Excel.
Desired Qualifications
Bachelor’s degree in finance, economics, criminology, or other related fields, 1-3 years experience in AML investigations, knowledge of Actimize systems. Broker Dealer experience and Fluency in Spanish is highly desirable. Knowledge of Portuguese and/or Hebrew is helpful. CAMS and CFE designation, knowledge of MS PowerPoint.
Additional Information
DISCLAIMER
The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.
All your information will be kept confidential according to EEO guidelines.
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