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AML Operations Analyst
Job Summary:
Job Description
Job Responsibilities:
As an AML Operations Analyst I, you will:
Day to Day activities
Job Requirements
Must Haves:
Nice to Have:
Benefits:
About the Company:
#GTTHP
#LI-GTT
- Contract Duration 12+ Months
- Pay Range: $30 - $45 an hour
Job Summary:
- AML Operations establishes processes to identify unusual and suspicious activities and transactions at the Bank, enterprise-wide.
- The centralized team manages the daily activities related to Anti-Money Laundering, Bank Secrecy, Enhanced Due Diligence, Sanctions, and Anti-Bribery/Anti-Corruption.
- Roles help to support compliance in these areas and other legislation in each jurisdiction where the client operates.
Job Description
- The AML Operations Analyst I provides a range of AML analytical and/or operations process support within a defined functional area or to a business unit, in adhering to AML/BSA, Sanctions, and ABAC requirements.
- In this role, you will carefully assist in implementing AML Operations initiatives to help manage regulatory risk.
Job Responsibilities:
As an AML Operations Analyst I, you will:
- Support the business internally as a specialist of a given area in AML/ATF, Sanctions/ABAC matters Conduct sound investigations end-to-end and provide AML/ATF and Sanctions/ABAC support as well as recommendations on ANL/BSA Sanctions and ABAC investigations
- Support and understand risk identification, risk analysis, and risk mitigation according to the regulatory requirements and industry/business gold standard methodologies
- Serve as a subject matter process expert; focus of work ranges from weekly to monthly or longer Partner as required with cross-functional teams across the client and/or external contacts
- Require an understanding of a range of products and services, processes, procedures, systems, and concepts
- Raise issues to appropriate level for clarity or interpretation; may lead to problem resolution
- Prioritize and manage own workload in alignment with service and productivity requirements
- Keep abreast of emerging issues, trends, and evolving regulatory requirements; assess potential impacts
- Protect the interests of the organization; identify and manage risks, call out non-standard, high-risk transactions/activities as necessary
- Follow applicable internal and external audit and regulatory requirements and may actively participate in the Audit Review process, providing recommendations and guidance
- Participate fully as a member of the team, and support a positive work environment
- Act as a brand ambassador for your business area/function, both internally and externally
Day to Day activities
- Identify money altering or laundering.
- Write up 3-4 pages, reaching out to customers and drafting correspondence.
- Higher-level risk roles, everything they deal with has a high risk of money laundering.
Job Requirements
- Undergraduate degree preferred
- Two (2) or more years of relevant experience
- Ability to collaborate and build relationships
- Ability to handle confidential information with discretion
- Ability to communicate well in writing and speaking
- Ability to pay high attention to details
Must Haves:
- 2+ years of AML experience
- Fundamental knowledge of AML operations, standards, procedures, laws, rules and regulations
- Working independently but also working as part of a team
- Skill in using computer applications including MS Office
- Ability to analyze, research, organize, and prioritize work while meeting multiple deadlines
- Self-drive and highly motivated
- Experience in high-quality business writing
Nice to Have:
- Experience in banking or international banking
- Professional education or certifications
- Previous experience with Regulatory Reporting
- Knowledge of FINTRAC and AML investigations
Benefits:
- Medical, Vision, and Dental Insurance Plans
- 401k Retirement Fund
About the Company:
- As a top 10 North American bank, our client aims to stand out from its peers by having a differentiated brand – anchored in a proven business model and rooted in a desire to give its customers, communities, and colleagues the confidence to thrive in a changing world.
- Our client engages in providing financial products and services. They offer various financial products and services, telephone, Internet, and mobile banking services, retail and commercial banking services, and wealth management services. The Wholesale Banking segment provides capital markets, investment banking, corporate banking products, and investment needs to companies, governments, and institutions in financial markets.
#GTTHP
#LI-GTT
