for all employees that respects their individual strengths, views, and experiences. We believe that our differences enable us to be a better team – one that makes better decisions, drives innovation and delivers better business results.
Associate Analyst, Legal Compliance
Overview
Reporting to Senior Analyst, Associate Analyst – Transaction Monitoring is required to perform a holistic review of Sanction Screening / Fraud / AML screening holds / Alerts to determine validity of match. The Associate Analyst is required to conducts alert reviews to identify potential high-risk transactional activity, potential attempts of structuring and transactions involving high value cash movement through international borders also to conducts alert reviews to identify potential high-risk transactional activity, PEPs reviews, sanctioned individual Negative News/ Derogatory information reviews, potential Sanctions match reviews and beneficial ownership reviews. Analyst is also responsible to ensure timely reporting of suspicious transactions as required. It is further required to examine information received from clients, to review reports on clients’ activities and ensure proper record-keeping.
Role
o Investigate and assess real-time alerts and post transaction AML and Fraud related alerts along with alerts for potential match with International Sanctions lists, PEP lists and companies’ internal lists.
o Ensure efficient identification of suspicious activities and resolution of AML / Fraud / Sanction screening related alerts.
o Coordinates with Agents/Partners/Clients to conduct necessary due diligence, obtain necessary information, documentary proof and take appropriate action to mitigate potential risks.
o Ensure timely, efficient reporting of suspicious transactions and matches with watchlists as appropriate.
o Coordinate with Senior Compliance Analysts and Regional Compliance Officers on issues and matters of concern related to transactions monitoring / Sanction screening and agents/partners risks.
o Timely execution of queries received from Senior Compliance Analysts and Regional Compliance Officers.
o Maintain a current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies and developing trends.
o Assist in identifying systemic procedural weaknesses and additional training requirements for the company.
o Assist with money laundering related queries/questionnaires received from Corresponding Banks, Agents or Partners.
o Ensure appropriate record-keeping and other duties as required.
o Demonstrate and maintain effective knowledge of simple and complex financial activities, including but not limited to: international money remittance, global markets products and services, corporate and personal transactions.
o Keep abreast of current regulatory developments to ensure the implementation of appropriate AML operational procedures related to sanctions.
o Assist Transaction monitoring Team leader in ad-hoc requests
All About You
o 1-3 years of Transaction Monitoring – investigative or related experience with specific emphasis on Sanction screening / Fraud / AML at a financial institution preferably in International Money Remittance business.
o Bachelor’s degree in Legal, Business or related field of study.
o AML related professional certifications such as or CAMS are highly desirable.
o Excellent interpersonal abilities including superior oral and written communication skills.
o Ability to work under pressure with tight deadlines
o Ability to handle issues and concerns with tact and diplomacy
o Willing to work on shifting schedule
o Additional language skills – Urdu / Arabic / Bangla / Nepali / Indian regional language is highly desirable
o Experience reviewing and analyzing international money transfer transaction activity highly desirable
o Knowledge of AML “red flags”, particularly with respect to international money remittance with specific emphasis on Sanctions and fraud prevention is highly desirable.
o Proficient in the application of various automated systems used to monitor transaction activity.
o Understanding of money remittance products and services and how they may be exploited for criminal purposes, including but not limited to money laundering and terrorist financing activities.
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.
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