Institutional Onboarding Analyst, AML & Financial Crimes (CIU) - Req. 1900439
Under limited supervision, uses specialized knowledge and skills in securities and/or banking industry compliance obtained through experience, specialized training and/or certification to monitor and investigate transactions for suspicious activity to ensure compliance with AML rules and regulations. Assists on projects of moderate scope and complexity and serves as a technical advisor to various business lines. Resolves or recommends solutions to complex problems. Extensive contact with internal customers is required to identify, research and resolve problems.
Essential Duties and Responsibilities:
- Collecting Know Your Customer (KYC) documentation through client onboarding and ongoing due diligence processes.
- Conducting research utilizing available systems, databases, and the internet, consistent with the resolution of investigations.
- Documenting and reporting the investigation findings in the case management system and preparing reports to management as required.
- Drafting reports detailing work performed and conclusions reached, which require minimal editing and provides a clear message including suggested corrective and/or remedial action.
- Developing metrics and reporting measures as directed and reporting results to management.
- Investigate potential negative media alerts to identify whether a true match to a prospective or existing client and escalate, as appropriate to Management.
- Perform reviews and analysis utilizing internal and third-party research tools.
- Abide by policies and procedures to ensure compliance with regulations related to money laundering included in the USA PATRIOT Act.
- Mentor colleagues/peers on internal AML policies, rules and regulations.
- Inform senior management about issues that may involve rule violations or potential liability.
- Maintain currency in laws and regulations pertaining to Anti-Money laundering compliance.
- Perform other duties and responsibilities as assigned.
- Customer Identification Program, Customer Due Diligence, Enhanced Due Diligence and other KYC-related policies and procedures
- Concepts, practices and procedures of securities industry and/or banking compliance reviews.
- Rules and regulations of the USA PATRIOT Act.
- Experience with investigative techniques and report writing
- Securities industry knowledge and/or financial services industry experience, specifically-related to on boarding and performing due diligence on hedge funds, private equity funds and other pooled investment vehicles.
- Fundamental investment concepts, practices and procedures used in the securities industry.
- Principles of banking and finance and securities industry operations.
- Financial markets and products.
- Administering Anti-Money laundering policies and procedures.
- Planning and scheduling work to meet regulatory organizational and regulatory requirements.
- Identifying and applying appropriate compliance monitoring procedures and tests.
- Interpret and apply Anti-Money laundering regulations and identify and recommend compliance changes as appropriate.
- Work under pressure on multiple tasks concurrently and meet deadlines in a fast-paced work environment with frequent interruptions and changing priorities.
- Communicate effectively, both orally and in writing.
- Independently research and resolve issues while working across teams to acquire information.
- Provide a high level of customer service.
- Establish and maintain effective professional working relationships at all levels of the organization.
- Handle highly confidential information professionally and with appropriate discretion.
- Maintain currency in Anti-Money laundering rules and regulations and compliance examination techniques and best practices.
- Bachelor’s Degree from a four-year college or university in a related field and two (2) years of experience in performing AML-related client due diligence reviews and/or investigations.
- Any equivalent combination of education, training and/or experience approved by Human Resources.
- CAMS required or ability to obtain within 18 months of employment or designated time frame established by manager.