Investigate complex transaction scenarios including rapid movement of funds, structuring, unusual cash or wire activity, high-risk jurisdictions, and activity inconsistent with customer profile or stated business purpose. Conduct investigative review and analysis in support of company's BSA/AML regulatory compliance policies and program including investigating automated alerts from our transaction monitoring systems, and referrals sourced from law enforcement requests and other company lines of business.
Numbers & Facts
Location
New York, NY
Industry
Staffing/Employment Agencies
Salary
$25–$40 Per Hour
Company Size
50 to 99 employees
Year Founded
2002
Website
https://phaxis.com/
Description
We are inviting applications for the role of Transaction Monitoring Analyst
In this role, you will be responsible for conducting end-to-end transaction monitoring investigations for different entities, all levels. You will work extensively with functional leaders in Financial Crime Risk Service line and support functions to maintain production and quality of the highest standard.
Responsibilities
Conduct investigative review and analysis in support of company's BSA/AML regulatory compliance policies and program including investigating automated alerts from our transaction monitoring systems, and referrals sourced from law enforcement requests and other company lines of business
Analyze transaction activity and KYC information and conduct due diligence research in support of investigations as well as interpret evidence from external tools and systems to determine the legitimacy of customer behavior across multiple products
Remain current with industry standards and developments in the areas of KYC, BSA/AML, and OFAC, and apply regulatory requirements and internal policies and procedures to case investigations
Perform transaction monitoring alert reviews by assessing customer activity, risk indicators, transaction patterns, geographies, counterparties, and expected account behavior to identify potential suspicious activity
Investigate complex transaction scenarios including rapid movement of funds, structuring, unusual cash or wire activity, high-risk jurisdictions, and activity inconsistent with customer profile or stated business purpose
Draft and support Suspicious Activity Report narratives by clearly articulating suspicious activity, key transactional facts, customer behavior, red flags, investigative rationale, evidence reviewed, disposition decisions, and escalation recommendations in line with applicable regulatory and client standards
Minimum Qualifications
B.A./B.S. degree or equivalent
2+ years relevant experience (conducting AML/Fraud investigations, SARs preparation and filing)
Working knowledge of applicable laws, regulations, and guidelines (e.g., BSA, OFAC, FinCEN guidance)
Strong interpersonal, analytical, and communications (verbal and written) skills
Excellent written and verbal communication skills.
Experience working with G Suite, Excel, Word.
Flexible and adaptable to the evolving needs of a high-growth and fast paced organization.
Organized with a high level of attention to detail.
About Company
We stand for PERSEVERANCE, as we refuse to quit when the journey gets tough. Your gold is our mission, and we search day and night to find it.