Hiring Now - Associate Analyst

Company: AML RightSource
Location: Buffalo
Posted on: July 15, 2021

Job Description:

About AML RightSource

At AML RightSource (AMLRS) we are committed to fighting financial crimes for our clients and the World. AML RightSource is the leading firm solely focused on Anti-Money Laundering (AML)/ Bank Secrecy Act (BSA) and financial crimes compliance solutions. You'll collaborate with leaders, partner with mentors, and develop incredible relationships with colleagues.

Our highly trained workforce of over 1,500 analysts and subject matter experts includes the industry’s largest team of full time professionals. We typically provide our services directly from our secure facilities in Cleveland, Ohio, Buffalo, New York, Phoenix, Arizona and Toronto, Ontario.

About the Position:

As an Associate Analyst I you will be responsible for researching and analyzing various sources of data and providing written summaries of recommendations and conclusions as it relates to the identification of suspicious or unusual financial activity. The purpose of this role is to detect and investigate financial fraud by performing detailed monitoring of moderate to complex account activity and ensuring compliance with regulatory and operational policies. This role is highly production oriented and you must be able to work efficiently and independently in a fast-paced, dynamic environment.  

Primary Responsibilities:

• Identify data anomalies and red flags for money laundering, terrorist financing, fraud, and sanctions violations, and escalate for second level review.
• Make decisions as to the validity of fraud claims and communicate case decisions through appropriate workflows.
• Submit written work product for review by AMLRS and client-led quality control teams, make the requested adjustments as necessary, and apply the feedback going forward.
• Adhere to all designated timeframes and procedures to ensure on time and accurate completion of work.
• Meet production and quality standards for completing assignments.
• Transaction monitoring of assigned accounts to assess potential suspicious activity.
• Work and contribute in a team-oriented and collaborative environment to improve the analytical and reporting processes.
• Adhere to and comply with all applicable, federal and state laws, regulations and guidance, including those related to Anti-Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act, etc.), as well as adhering to company policies and procedures and client requirements.

Qualifications:

• Bachelor’s Degree
• Strong oral communication skills and ability to produce narrative and written summarizes clearly synthesizing recommendations and conclusions.
• Strong analytical, problem solving and organizational skills.
• Proficient in Microsoft Excel & Microsoft Word, with ability to learn new technologies quickly.
• Ability to multi-task, work independently and as part of a team, establishing cooperative and collaborative working relationships.

Preferred Qualifications:

• Strong entrepreneurial spirit, highly collaborative, able to express ideas readily, manage change fluidly, able to influence and identify opportunities

Normal Working Hours and Conditions

Core business hours are generally 8:00 am – 5:00 pm.  However, this position will require work to be performed outside of normal business hours based on Company operations across different time zones. 

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