What are the responsibilities and job description for the Anti-Money Laundering Analyst position at Mindlance?
Job title: Anti-Money Laundering Analyst
Location: Irving, TX (3 Days Onsite, 2 days Remote)
Description:
MUST have SAR writing experience and retail banking experience.
The AML Analyst is responsible for performing AML Reviews/Investigations of account activity, and recommending the filing of Suspicious Activity Reports (“SARs”) and/or relationship termination, as appropriate. Cases are worked from beginning to completion in accordance with relevant AML policies and procedures. Cases are generated from sources which include:
2. Client-On boarding and Maintenance and Transaction monitoring referrals
3. Referrals from business partners and other control areas
Responsibilities include:
- Conduct research over available Bank systems, the Internet and Commercial Databases consistent with the resolution of case reviews and investigations.
- Collect and examine financial statements and documents to assist in identifying unusual transaction patterns.
Job Qualifications:
- Four Year College Degree or equivalent experience.
- Minimum 1 - 5 years of experience in reviewing customer transactions and information for identifying potentially suspicious activity and performing AML or fraud reviews/investigations.
- Experience in writing and preparing Suspicious Activity Reports (SARs) in accordance with applicable regulatory requirements preferred
- Work experience in a financial institution with job specific work experience in AML.
- Knowledgeable of the laws applicable to money laundering, including the Bank Secrecy Act, the USA PATRIOT act, US Treasury AML guidelines, OFAC requirements, and Suspicious Activity Reporting requirements preferred
- General understanding of Senior Public Figures, Money Service Businesses, Wealth Management and Retail Banking preferred.
- Established business knowledge and comprehension of financial products.
- Excellent organizational, time management and project management skills.
- Excellent research skills including experience with online search tools.
- Advanced proficiency in Microsoft Word, Excel, Access, Power Point and Outlook.
- Strong attention to detail and follow-up skills.
- Strong writing, analytical and communications skills. Must be able to multitask and complete projects on time.
- SAR Writing experience, specifically in retail banking, and more knowledge of AML Red Flags such as cash structuring.
- Ability to understand and draw conclusions from research conducted.
Education:
- Bachelor's degree or equivalent experience preferred.
“Mindlance is an Equal Opportunity Employer and does not discriminate in employment on the basis of – Minority/Gender/Disability/Religion/LGBTQI/Age/Veterans.”
Salary : $30 - $32
