Contract Anti-Money Laundering Associate

Job description:

Join our dynamic team as an Anti-Money Laundering (AML) Analyst and play a vital role in safeguarding our financial operations against illicit activities. In this energetic and fast-paced role, you will utilize your keen analytical skills to detect, investigate, and prevent money laundering schemes, ensuring compliance with regulatory standards. Your expertise will help maintain the integrity of our financial systems while supporting our commitment to transparency and regulatory adherence. This position offers an exciting opportunity to contribute to a secure financial environment through proactive monitoring and detailed analysis.

<Responsibilities>

• Monitor transactional data and customer activity using advanced financial software to identify suspicious patterns indicative of money laundering or fraud.
• Conduct thorough investigations into alerts generated by AML systems, including reviewing account activity, transaction histories, and customer profiles.
• Collaborate with compliance teams to ensure adherence to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) regulations, and relevant securities laws.
• Prepare detailed reports on suspicious activities, documenting findings in accordance with regulatory reporting requirements such as the Financial Crimes Enforcement Network (FinCEN) filings.
• Assist in internal audits related to AML compliance, supporting efforts to uphold SOX (Sarbanes-Oxley Act) controls and COSO (Committee of Sponsoring Organizations) frameworks.
• Stay current on evolving regulations including TILA (Truth in Lending Act), GAAP (Generally Accepted Accounting Principles), GAAS (Generally Accepted Auditing Standards), and other relevant financial concepts.
• Participate in ongoing training on fraud prevention, internal audits, and compliance management to enhance analytical capabilities and regulatory knowledge.

<Qualifications>

• Bachelor’s degree in Accounting, Finance, or a related field; professional certifications such as CAMS (Certified Anti-Money Laundering Specialist) are a plus.
• Strong understanding of banking operations, securities law, and financial concepts including ACH transactions and regulatory reporting standards.
• Experience with financial software systems used for AML monitoring and internal audits.
• Knowledge of SOX compliance requirements, COSO frameworks, and technical accounting principles.
• Familiarity with fraud detection techniques, internal controls, and auditing standards such as GAAS.
• Excellent analytical skills with keen attention to detail and the ability to interpret complex data sets.
• Effective communication skills for preparing reports and collaborating across teams in a fast-paced environment. Embark on a career that challenges your expertise while making a meaningful impact! We’re dedicated to fostering an inclusive environment where your skills grow alongside our mission to uphold the highest standards of financial integrity through energetic vigilance and rigorous compliance practices.