Transaction Monitoring Analyst (L1 Alerts) Onsite

Responsibilities

• Perform first-level review of AML alerts to identify false positives and escalate genuine concerns for further investigation.
• Manage multiple queues of account screening and real-time transaction screening alerts.
• Conduct initial triage of transaction monitoring alerts.
• Review basic customer account and due diligence information using internal systems and due diligence documentation.
• Review alerted transactions and patterns and analyses for red flags.
• Document rationale for clearing or escalating alerts.
• Maintain high productivity while meeting quality standards.
• Document recipient interactions, any recipient issues or complaints, and outcomes immediately in LOCS.
• Escalate significant red flags or concerns identified to senior team members, as appropriate.
• Identify and escalate red flags indicative of financial crime or compliance vulnerabilities, contributing to the development of effective mitigation strategies.

Requirements

• Strong educational background, Degree in Finance, Legal, STEM a plus.
• 2+ years' experience in Transaction Monitoring, with a proven record of conducting detailed investigations into high-risk financial activities, identifying potential patterns of money laundering, fraud and other suspicious activities.
• Experience in reviewing alerts, analyzing transaction data, and identifying red flags associated with suspicious activity.
• Experience working with banks, payment processors, and/or FinTech’s either directly or working for a 3rd party providing consulting/outsourced services to these institutions.
• Strong understanding of the compliance and regulatory frameworks that apply to financial institutions regarding AML.
• Familiarity with transaction monitoring systems.
• Understanding of Financial crime guide / industry standards.
• Understanding of suspicious activity identification and reporting regulatory requirements in the U.S., UK, and EU (e.g., Bank Secrecy Act, MLR 2017, Proceeds of Crime Act, Anti-Money Laundering Directives, EU country level requirements, etc.).
• Experience reviewing international and cross-border payment activity (e.g., wires, correspondent banking transactions, electronic payments, etc.).
• Experience reviewing consumer and business transactions including cash activity, mobile payments, online payments, etc.
• Very strong attention to detail and capable of analytical thinking.
• Excellent communication skills across all levels of seniority.
• Strong interpersonal skills, with good relationship building and engagement skills.
• Proficiency in Microsoft Office suite, particularly Excel, Word and PowerPoint.

Qualifications

None specified.

Skills

None specified.

Benefits

None specified.

Pay

Not specified.

Schedule

Not specified.