What are the responsibilities and job description for the Transaction Monitoring Analyst position at Social Capital Resources?
Bank in Midtown, Manhattan is seeking multiple BSA/AML Associates for temporary-to-permanent positions!
Responsibilities:
- Ensure compliance with relevant regulations, such as the Bank Secrecy Act (BSA), USA PATRIOT Act, and other anti-money laundering (AML) and counter-terrorist financing (CTF) laws and regulations.
- Manage the day-to-day operations of the transaction monitoring team, ensuring accurate and timely review of suspicious activity alerts.
- Develop and maintain comprehensive procedures and desktop procedures for transaction monitoring and fraud escalation processes, ensuring consistency and adherence to best practices.
- Continuously enhance the efficiency and effectiveness of the transaction monitoring and fraud escalation processes through process optimization, automation, and the adoption of new technologies and tools.
- Develop, implement, and maintain transaction monitoring strategies, rules, and scenarios to detect potential money laundering, terrorist financing, and other financial crimes.
- Oversee the fraud escalation process, ensuring proper investigation and resolution of fraud cases.
Qualifications:
- Bachelor's Degree
- 2 years experience working with BSA, AML, and OFAC
- CAMS is preferred
- Prior managerial experience and the ability to lead
Salary : $35 - $43
