Randstad Compliance Analyst in Newark, Delaware
salary:$28 - $50 per hour
date posted:Saturday, March 10, 2018
Compliance Operations (CO) provides management and oversight associated with operational support for Global Compliance including the development of operational centers of excellence for compliance functions including: Alert / Investigations Operations, OFAC/Client Screening, Disclosure of Interest, Personal Account Dealing and Licensing & Registration.
CO teams are responsible for supporting and leading aspects of the firm's Anti-Money Laundering (AML) program. The teams work closely with the AML Program Management Office, Global Financial Crimes Compliance and the enterprise-wide control program teams to identify, remediate and track issues, and develop controls to sustain improvements as they are made. The company's responsibilities related to Anti-Money Laundering span every business, function and region and apply to every customer and client of the firm.
Compliance Operations Alert / Investigations Operations performs Alert dispositions and investigations, new scenario implementations, Line of Business (LOB) escalations and UAT for the firm's strategic transaction monitoring system (Mantas).. One Touch Associates perform an initial formal assessment of potential Money Laundering (ML), Terrorist Financing (TF) and nefarious activity based on system and manually sourced alerts, consistent with global standards. They complete investigations through alert, case or SAR closure as appropriate.
Successful One Touch Associate candidates possess the following skills and attributes:
Strong investigative, processing and analytical skills
The ability to work independently
Self-driven initiative and the ability to adapt to change in a fast-paced environment
Quick learning skills
An in-depth understanding of financial services, AML concepts and issues, in particular AML regulatory standards.
Sound judgment and the discipline to observe the highest degree of confidentiality in handling sensitive and confidential information
Independently manage and disposition AML alert, including conducting investigations and research as needed.
Manage Alert volume, including performing intake controls to ensure all Alerts are documented and assigned in a timely manner.
Create and maintain investigation documentation, including alert, investigation, or Suspicious Activity Report (SAR) history; Know Your Customer (KYC) information; relevant account and transaction data; plus any other required information for the investigation
Augment investigation documentation as needed, including conducting independent research through Lexis/Nexis, Web and other sources
Determine need for, compose, send and asses replies to LOB requests for information to determine whether unresolved identified anti-money laundering and/or terrorist financing risk(s) can be mitigated
Review and analyze underlying data gathered to assess whether the alert should be cleared or if there is reasonable cause to escalate to case and/or SAR
Disposition and fully document all alerts, cases and SARs, including supporting data, analysis and rationale for disposition, within the case management system in a timely manner and in compliance with regulatory guidelines
Flag significant SARs to senior management and LOBs, as appropriate
Build relationships with other AML Investigations units, effectively communicating and transferring information, as needed
Function as a key contributor and demonstrate knowledge of AML issues, as well as broader functional knowledge
Meet departmental quality standards