Job Location: New York, NY
Job Detail:
Principal Functions And Responsibilities
- Conduct high risk customer EDD reviews and assess potential suspicious activity
- Review and clear suspicious activity alerts generated by the Banks BSA/AML transaction monitoring system. Escalate alerts to cases for further review in a timely manner, as appropriate.
- Review and clear alerts generated by OFAC watchlist screening and 314(a) information requests in the BSA/AML transaction monitoring system.
- Ensure that all transactions/customers deemed suspicious are referred to the BSA Officer in a timely manner.
- Perform various quality controls and monitoring reviews.
- Assist BSA Officer in responding to findings and recommendations from the various initiatives and implementation of Program enhancements, new procedures, etc.
- Attend required training and complete within required timeline. Principal functions and responsibilities
- Conduct high risk customer EDD reviews and assess potential suspicious activity
- Review and clear suspicious activity alerts generated by the Banks BSA/AML transaction monitoring system. Escalate alerts to cases for further review in a timely manner, as appropriate.
- Review and clear alerts generated by OFAC watchlist screening and 314(a) information requests in the BSA/AML transaction monitoring system.
- Ensure that all transactions/customers deemed suspicious are referred to the BSA Officer in a timely manner.
- Perform various quality controls and monitoring reviews.
- Assist BSA Officer in responding to findings and recommendations from the various initiatives and implementation of Program enhancements, new procedures, etc.
- Attend required training and complete within required timeline.
Benefits (employee contribution):
Knowledge & Experience / Qualifications Required (Minimum requirements of the role)
- Bachelors degree required with 5 years of proven and progressive experience in a BSA/AML role including transaction monitoring for suspicious activity using BSA/AML software and EDD reviews.
- Prior BSA experience related to BaaS or digital banking, preferred.
- CAMS certification would be a plus.
- Minimum 5 years experience in utilizing research/investigative databases and software; applications to analyze and detect transactional patterns and trends.
- Knowledge in Bank Secrecy Act and USA Patriot Act regulations and requirements.
- Knowledge of federal regulations relating to the basic principles of fraud and money laundering.
- High degree of analytical skills
Health insurance
Health savings account
Dental insurance
Vision insurance
Flexible spending accounts
Life insurance
Retirement plan
All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
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