Entry Level AML Analyst Job at Dexian, Newark, NJ

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  • Dexian
  • Newark, NJ

Job Description

Client: Financial Services

Position: AML Compliance Analyst

Address: Newark/Wilmington, DE (onsite)

Hours: Mon-Fri 8am-5pm

JOB DESCRIPTION

Interpretation of AML Risk standards, guidelines, policies and procedures. Make risk based determination through Quality Analysis whether alerts were properly cleared by Compliance Alerts Analysts. Ensure Alert data has been accurately collected and documented, including but not limited to: Investigations data, Suspicious Activity Reports (SARS) & Currency Transaction Reports (CTR), Know Your Customer (KYC) information, any relevant account and transaction data and all required information which would assist in an investigation. Strong research, analytical and comprehension skills, with ability to analyze large amounts of data.

NOTE: Training will be provided.

RESPONSIBILITIES

• Collect and analyze data, including alert, transactions, customer demographics and relevant account information to identify potential suspicious activity

• Disposition and fully document the investigation, including supporting data, analysis, and rationale for disposition within the case management system

• Complete the Suspicious Activity Report (SAR) form , if applicable, in accordance with Financial Crimes Enforcement Network (FinCEN) requirements

• Effectively communicate with associates, management and various stakeholders on risks identified, possible typologies and recommend next steps

• Balance inventory queues, deadlines, and priorities to achieve departmental standards and production goals.

• Demonstrate teamwork by accepting ad-hoc requests to assist other associates on inventory

QUALIFICATIONS

• 1-3 years of experience in Fraud or AML ( Law Enforcement , Legal or Investigative backgrounds may be considered)

• Knowledge of Banking products and services

• Understanding of regulatory concepts including, but not limited to the Bank Secrecy Act, Office of Foreign Assets Control sanctions, and the USA PATRIOT Act

• Proficient in Microsoft Office (Excel, Access, PowerPoint, Word)

• Exceptional written and verbal communication skills

• Strong analytical, interpretive, organizational skills

• Strong attention to detail, ability to prioritize and manage tasks

• Independent decision maker, able to make time-sensitive assessments and articulate findings to senior investigators or managers

• College degree (Business or Criminal Justice) or relevant work experience

Nice-to-Have

• Experience using LexisNexis (legal research software)

Dexian is an Equal Opportunity Employer that recruits and hires qualified candidates without regard to race, religion, sex, sexual orientation, gender identity, age, national origin, ancestry, citizenship, disability, or veteran status.

Job Tags

Work experience placement,

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