Raymond James
Sr. Analyst - Transaction Monitoring AML & Financial Crimes Financial Intelligen
Raymond James, Florida, New York, United States
Sr. Analyst - Transaction Monitoring AML & Financial Crimes Financial Intelligence Unit
Job Description Summary
Contributes to the formulation of anti-fraud policies in areas such as digital, anti-terrorism, or money laundering. Manages and delivers fraud prevention reporting and analysis to mitigate fraud risk. Takes action to improve systems and procedures, resolve issues, and limit consequential damage.
Job Description
Under limited supervision, the AML Analyst applies specialized knowledge and skills in securities and/or banking industry compliance to monitor and investigate transactions for suspicious activity, ensuring compliance with AML rules and regulations. This role may lead projects of moderate scope and complexity and serve as a technical advisor to various business lines. The AML Analyst is responsible for resolving or recommending solutions to complex problems and will have extensive contact with internal stakeholders, Financial Advisors, and Branch personnel to identify, research, and resolve potential issues. If suspicious activity is identified, the investigator is required to promptly report any suspicious activity by filing a Suspicious Activity Report (SAR) and follow through the client retention process.
Responsibilities
Investigate potentially suspicious activity arising from automated transaction monitoring systems, branch escalations, regulatory investigations, or matters escalated by various business lines including Compliance, Legal, Risk, or other Firm divisions.
Review client background information, securities transactions, and fund movements to identify potential money laundering, terrorist financing, or other financial crimes.
Conduct thorough investigations utilizing internal and external searches on clients and third parties, and identify any negative news.
Send 314(b) requests and Requests for Information (RFI) to branches as needed.
Prepare detailed SARs (Suspicious Activity Reports) and file with FINCEN.
Conduct continuing activity reviews and report any continuation of suspicious activity.
Perform Level 2 (L2) reviews and request retention decisions from AML officers; follow through on account closures for terminated relationships.
Communicate findings to senior leadership in thorough write-ups including risk factors and supporting evidence for retention decisions.
Administer AML policies and procedures to ensure compliance with regulations related to money laundering, including the US PATRIOT Act.
Monitor regulatory developments and industry trends to facilitate incorporation into the Firm’s AML program.
Train team members on internal AML policies, processes, rules, and regulations.
Deliver presentations during departmental/team meetings.
Inform senior management about issues that may involve rule violations or potential liability.
Perform other duties and responsibilities as assigned.
Skills
Strong SAR writing/narrative skills, including justification for suspicion.
Knowledge of securities industry and/or banking compliance practices.
Familiarity with US PATRIOT Act regulations.
Understanding of investment concepts, financial markets, and banking industry.
Experience administering AML policies and procedures.
Ability to analyze transactional activity to identify suspicious patterns.
Skilled in developing and delivering training.
Strong planning and organizational skills with the ability to track work in progress to meet regulatory and internal requirements.
Strong written and verbal communication skills.
Ability to work under pressure on multiple tasks concurrently and meet deadlines in a fast-paced environment.
Independent and collaborative work style.
High level of customer service and confidentiality.
Commitment to staying current with AML regulations and best practices.
Licenses/Certifications
CAMS certification is required to be obtained within 12 months of the hire date.
Education
Bachelor’s degrees in Accounting, Business Administration, Finance, or High School (Required).
Work Experience
Experience in AML, financial services compliance, or related fields.
Certifications
Certified Anti-Money Laundering Specialist (CAMS) – ACAMS.
Travel
Less than 25% travel.
Workstyle
Remote work.
We are an equal opportunity employer. All employment decisions are based on merit and business needs.
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Finance and Sales
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Contributes to the formulation of anti-fraud policies in areas such as digital, anti-terrorism, or money laundering. Manages and delivers fraud prevention reporting and analysis to mitigate fraud risk. Takes action to improve systems and procedures, resolve issues, and limit consequential damage.
Job Description
Under limited supervision, the AML Analyst applies specialized knowledge and skills in securities and/or banking industry compliance to monitor and investigate transactions for suspicious activity, ensuring compliance with AML rules and regulations. This role may lead projects of moderate scope and complexity and serve as a technical advisor to various business lines. The AML Analyst is responsible for resolving or recommending solutions to complex problems and will have extensive contact with internal stakeholders, Financial Advisors, and Branch personnel to identify, research, and resolve potential issues. If suspicious activity is identified, the investigator is required to promptly report any suspicious activity by filing a Suspicious Activity Report (SAR) and follow through the client retention process.
Responsibilities
Investigate potentially suspicious activity arising from automated transaction monitoring systems, branch escalations, regulatory investigations, or matters escalated by various business lines including Compliance, Legal, Risk, or other Firm divisions.
Review client background information, securities transactions, and fund movements to identify potential money laundering, terrorist financing, or other financial crimes.
Conduct thorough investigations utilizing internal and external searches on clients and third parties, and identify any negative news.
Send 314(b) requests and Requests for Information (RFI) to branches as needed.
Prepare detailed SARs (Suspicious Activity Reports) and file with FINCEN.
Conduct continuing activity reviews and report any continuation of suspicious activity.
Perform Level 2 (L2) reviews and request retention decisions from AML officers; follow through on account closures for terminated relationships.
Communicate findings to senior leadership in thorough write-ups including risk factors and supporting evidence for retention decisions.
Administer AML policies and procedures to ensure compliance with regulations related to money laundering, including the US PATRIOT Act.
Monitor regulatory developments and industry trends to facilitate incorporation into the Firm’s AML program.
Train team members on internal AML policies, processes, rules, and regulations.
Deliver presentations during departmental/team meetings.
Inform senior management about issues that may involve rule violations or potential liability.
Perform other duties and responsibilities as assigned.
Skills
Strong SAR writing/narrative skills, including justification for suspicion.
Knowledge of securities industry and/or banking compliance practices.
Familiarity with US PATRIOT Act regulations.
Understanding of investment concepts, financial markets, and banking industry.
Experience administering AML policies and procedures.
Ability to analyze transactional activity to identify suspicious patterns.
Skilled in developing and delivering training.
Strong planning and organizational skills with the ability to track work in progress to meet regulatory and internal requirements.
Strong written and verbal communication skills.
Ability to work under pressure on multiple tasks concurrently and meet deadlines in a fast-paced environment.
Independent and collaborative work style.
High level of customer service and confidentiality.
Commitment to staying current with AML regulations and best practices.
Licenses/Certifications
CAMS certification is required to be obtained within 12 months of the hire date.
Education
Bachelor’s degrees in Accounting, Business Administration, Finance, or High School (Required).
Work Experience
Experience in AML, financial services compliance, or related fields.
Certifications
Certified Anti-Money Laundering Specialist (CAMS) – ACAMS.
Travel
Less than 25% travel.
Workstyle
Remote work.
We are an equal opportunity employer. All employment decisions are based on merit and business needs.
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Finance and Sales
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