AML Quality Control, Senior Analyst (Enhanced Due Diligence)

Job Summary:

Under general supervision, uses extensive knowledge and skills obtained through experience, specialized training and/or certification to review the quality and accuracy of the Client Intelligence Unit (CIU). This role involves critical attention to detail and will also be accountable for generating periodic reports (metrics) that will be utilized by the AML Senior Management team to analyze quality trends and patterns. Leads large or multiple projects with significant scope and impact. Works independently on difficult assignments that are broad in nature and that require originality and ingenuity with appreciable latitude for unreviewed actions or decisions. Provides comprehensive solutions to complex problems. Maintains extensive contact with internal customers to identify, research, analyze and resolve complex issues.

This position is eligible for remote and hybrid work environments. Direct AML experience is required.

Essential Duties and Responsibilities:

• Conducts continuing reviews of AML alert and case investigations, including dispositions and documentation related to decisions.

• Conducts reviews on the onboarding of clients to confirm that necessary documentation is collected and validated.

• Verifies the AML CIU analyst performed the appropriate levels of review for each case, to include transactional analysis.

• Evaluates CDD (Customer Due Diligence) and EDD (Enhanced Due Diligence) data reflected in the cases being reviewed in order to ensure accurate and rational customer profiles.

• Reviews cases related to the disposition of adverse media alerts to determine if the CIU Analyst correctly determined whether a true match to a prospective or existing client exists and has been escalated, as applicable.

• Ensures that all cases are closed/filed in accordance with internal Service Level Agreements (SLA) and the securities and/or banking industry's regulatory requirements.

• Provides written and verbal feedback/training to the CIU analysts.

• Prepares reports for the AML Quality Control Manager and Senior Management.

• Assists with special projects.

• Maintains and updates written procedures for assigned job responsibilities.

• Functions as a subject matter expert on AML-related issues and provide mentoring as needed.

• Escalates and articulates relevant risks to the appropriate stakeholders.

• Identifies opportunities for increased effectiveness, efficiency, and risk mitigation.

• Performs other duties and responsibilities as assigned.

Advanced knowledge of:

• Concepts, practices, and procedures of securities industry and/or banking compliance reviews.

• Rules and regulations of the USA PATRIOT Act, the Bank Secrecy Act, and other AML-related regulations, rules, or guidance.

• Fundamental investment concepts, practices, and procedures used in the securities industry.

• Principles of banking and finance and securities industry operations.

• Financial markets and products.

Skill in:

• Administering AML policies and procedures.

• Analyzing activity documentation to identify irregular transactions.

• Planning and scheduling work to comply with regulatory organizational and regulatory requirements.

• Identifying and applying appropriate compliance monitoring procedures and tests.

• Preparing oral and/or written reports.

• Investigating compliance issues and irregularities.

• Making rule-based and analytical decisions.

• Operating standard office equipment and using required software applications.

• Communicating clearly and effectively, both orally and in writing.

• Providing feedback to the CIU unit.

Ability to:

• Identify problems, collect data, establish facts, and draw valid conclusions.

• Research and analyze large amounts of data, interpret higher risk attributes (transactional, geographical, product/service, customer type, etc.), and validate case dispositions appropriately.

• Provide mentoring, training, and review of work to the CIU analysts.

• Rely on knowledge and judgment to plan and attain assigned tasks and goals.

• Focus on speed and set the appropriated urgencies without compromising accuracy.

• Establish and maintain effective working relationships at all levels of the organization.

• Maintain confidentiality.

• Stay current in AML rules and regulations and compliance examination techniques and best practices.

Educational/Previous Experience Requirements:

• Bachelor's Degree (B.A./B.S.) in a related discipline and a minimum of three (3) years of experience in Compliance and/or the financial services industry.

~or~

• Any equivalent combination of experience, education, and/or training approved by Human Resources.

Licenses/Certifications:

• CAMS Certification upon hire, or the ability to obtain within six (6) months of hire date.