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Financial Crimes Compliance Analyst

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ClickJobs.io

11d ago

  • Job
    Full-time
    Entry, Junior, Mid & Senior Level
  • Consulting
    Banking & Finance
  • Lewisville

AI generated summary

  • You need a relevant degree or 4-8 years of experience, knowledge of financial crime regulations, strong analytical skills, proficiency in Excel, and the ability to work independently and in a team.
  • You will review and assess Analysts' work, provide coaching, analyze QA results, conduct investigations, escalate suspicious activities, and ensure compliance with regulations and client policies.

Requirements

  • Bachelor’s degree from an accredited college/university plus 0-6 years of experience (level dependent) OR 4-8 years of professional experience in lieu of degree (level dependent)
  • Experience reviewing and dispositioning manual and system generated alerts/cases/files to mitigate risk associated with financial crimes.
  • Knowledge of applicable laws, regulations, and guidelines (e.g., BSA, OFAC, FinCEN guidance).
  • Knowledge of Financial Crimes Compliance functions such as OFAC Sanctions, Anti-Money Laundering, KYC, CDD, EDD and/or Financial Fraud Investigations.
  • Understanding of the legal, corporate governance, and regulatory environment related to the BSA and USA PATRIOT Act.
  • Ability to detect and mitigate red flags for potential financial crimes activity.
  • Strong analytical and research skills.
  • The ability to excel within a team environment and independently.
  • The ability to multi-task and effectively prioritize tasks.
  • The ability to work in a production driven environment.
  • Effective oral and written communication skills.
  • Strong proficiency in Microsoft Excel and other Microsoft Suite Products.
  • Ability to quickly learn and adapt to new policies, procedures, and vendor systems.
  • A demonstrable willingness to work more than 40 hours when needed.

Responsibilities

  • - Conducting quality assurance reviews of alerts/cases and/or files in regard to Bank Secrecy Act (BSA), Anti-Money Laundering, Office of Foreign Asset Controls (OFAC), Know Your Customer (KYC), including Identification Verification (ID&V), Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), Ongoing Monitoring and other financial crime investigations to mitigate risks associated with financial crimes.
  • - Performing quality assurance (QA) review of Analysts’ work product in accordance with client QA expectations.
  • - Along with Team Leads, accurately and thoroughly assess Analysts’ work product quality and leverage practices consistent with industry standards.
  • - Provide coaching and constructive feedback to Analysts to ensure quality decisions and reviews are being completed in line with client policies and procedures.
  • - Identify risk and recommend risk-based approaches for QA sampling.
  • - Apply analytic techniques to complex information sets to make logical and effectively supported recommendations regarding Analysts’ work. Distinguish and categorize severity of findings.
  • - Analyze QA results on individual and team level to identify trending and patterns within QA results. Recommend remedial action to Team Leads and Managers where appropriate.
  • - Provide coaching and mentoring consistent with industry standards to ensure success in the following daily efforts of Analysts.
  • - Perform reviews and investigations of alerts/cases and/or files as business needs arise.
  • - When applicable, escalate and/or draft and file potentially suspicious activity reports in accordance with regulatory requirements and client SLAs.
  • - Follow all required processes in relation to reviews, investigations and escalations.
  • - Develop QA testing to ensure all client required processes are followed, guidance is followed, and end decisioning is sound and well-documented.
  • - Escalate proper feedback on Analysts work product to their performance manager to ensure accountability.
  • - Execute and deliver high quality engagement tasks both independently and in a collaborative setting with a focus on client satisfaction.
  • - Continue to expand your industry knowledge, contribute to the development of consulting capabilities, and effectively articulate our key business propositions to clients.

FAQs

What are the main responsibilities of the Financial Crimes Compliance Analyst?

The main responsibilities include conducting quality assurance reviews of alerts and cases related to financial crimes, assessing Analysts' work quality, providing coaching and feedback, analyzing QA results, performing investigations, and ensuring compliance with regulatory requirements.

What qualifications do I need to apply for this position?

A Bachelor’s degree from an accredited college/university plus 0-6 years of experience, or 4-8 years of professional experience in lieu of a degree, is required. Knowledge of financial crimes compliance laws and regulations is also necessary.

Is prior experience in quality assurance necessary for this role?

While previous QA experience is nice to have, it is not explicitly required for this role.

Will I receive training to enhance my skills in this role?

Yes, the position offers opportunities for personal development, learning, and skills development, including tuition reimbursement and certifications.

What kind of benefits does Guidehouse offer?

Guidehouse offers a comprehensive benefits package, including medical, dental, vision insurance, paid sick time, holiday pay, 401(k) retirement plan, life insurance, and various flexible spending accounts.

Is a CAMS certification required for this position?

No, a CAMS certification is not required but is considered a nice to have.

What is the expected work environment for this position?

The work environment is production driven, requiring the ability to work independently and collaboratively while managing multiple tasks.

How often is travel required for this role?

Travel is required up to 10% for this position.

Does this position involve meeting client expectations?

Yes, the role focuses on executing high-quality engagement tasks with a strong emphasis on client satisfaction.

What is the process for raising concerns or disputes regarding an Analyst's work?

Analysts' work product feedback should be escalated to their performance manager as needed, ensuring accountability and compliance with quality expectations.

ClickJobs.io

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Human Resources
Industry
51-200
Employees
2011
Founded Year

Mission & Purpose

ClickJobs.io is an online job platform that connects employers with job seekers through a streamlined, user-friendly interface. Their ultimate mission is to simplify and enhance the job search and recruitment process, making it easier for candidates to find opportunities and for employers to identify top talent. Their purpose is to provide an efficient and effective recruitment solution, leveraging technology to facilitate meaningful connections and support career advancement and organizational success.