AML Compliance Analyst-CDD-CIP

A general understanding of the financial industry, including operational and risk/control, financial markets, products, and the transaction life cycle.
Working knowledge of Compliance analysis and reporting with the ability to identify and affect appropriate risk and control mechanisms.
Excellent analytical, communication, and problem-solving skills.
Detail-oriented, able to work independently and as part of a team, and comfortable working in a fast-paced, deadline-driven environment.
Ability to identify and seek needed information/research skills.
Minimum Required: Bachelor’s Degree in a related field or equivalent work experience.
Minimum Required: 1+ years of experience in the financial services industry or AML/compliance.

Per departmental processes and procedures, perform a holistic review of high-risk customers using customer risk scoring models.
Perform transactional monitoring for possible money laundering and terrorist financing using automated AML software monitoring systems, reports, and other methods for high-risk clients.
Effectively identifies, documents, and escalates suspicious activity to senior analysts for investigation for potential SAR reporting.
Review and conduct adverse media searches, and based on the risk to the institution, suggest account restrictions and/or account closures.
Assist in CDD reviews for PEPs, sanctioned individuals, Negative News/ Derogatory information potential OFAC matches, and MRB reviews.
Review new account opening documentation for new entity accounts to ensure the beneficial ownership obligation is met.
Per AML and other regulatory standards, perform background investigations to help prevent operational and reputational risk.
Review CIP fail records to determine underlying CIP issues and work with branches to resolve the issue.
Request appropriate account restrictions on CIP fails to minimize potential risk.
Review and monitor open CIP fail records to ensure a resolution is obtained promptly.

No preferred qualifications provided.