Major Legal Services/Cleveland, OH

This financial institution client uses several advanced detection tools to identify or monitor behaviors of interest.

AML Detection Analysts are responsible for researching, analysing and making decisions regarding these identified "alerts". Money launderers and terrorists try to mask their activities by hiding within normal transactional patterns. As a result, in most cases the alerted activity is determined to be not unusual and the alert is closed by the analyst following established departmental procedures. Alerts exhibiting unusual activity are escalated to the AML Investigations team for further review and possible Suspicious Activity Report (SAR) filing to FinCEN. Additional analyst duties may involve periodic systems testing, data validation or research to aid in the creation of new alerting methodologies or scenarios."In accordance with the USA PATRIOT Act, FinCEN's regulations require certain financial institutions to establish an AML compliance program that guards against money laundering and terrorist financing and ensures compliance with the BSA and its implementing regulations." (Bank Secrecy Act/Anti-Money Laundering Examination Manual 2010) AMLs are tasked with identifying and reporting customers or transactions that appear to have indicators of potential money laundering or terrorist financing activity. Develop and maintain detailed knowledge of company operations, organizational procedures and Federal/State regulations. Complete work in compliance with applicable Federal/State regulations as well as internal procedures. Collaborate with ESS/AML Investigations on cases, assisting by answering questions and providing details or research items.

Participate on special projects and complete other duties as required or assigned. Ensure all internal and external service levels are met. This is a self-paced position with clearly defined productivity and quality assurance standards.

Required Qualifications:

A College degree in Criminal Justice, Intelligence Analysis, Intelligence Studies, Banking, Accounting or possess related practical business experience.

Analysts must be PC proficient with Access, Excel, Word, Lotus Notes e-mail and possess general database knowledge. Experience in advanced Internet research.The desired candidate must have strong investigative and analytical skills with the ability to identify and clearly articulate key risks and issues. Candidates must have proficient verbal, written and interpersonal skills and be able to work independently. Must exhibit ability to maintain a climate of teamwork and cooperation when working with others. Demonstrated ability as well as flexibility to perform efficiently in a fast paced, changing environment.

Preferred Qualifications:

The candidate should have some general knowledge of anti-money laundering laws, regulations and guidance (eg, Bank Secrecy Act, Patriot ACT, Know Your Customer etc.) and be able to respond to questions regarding anti-money laundering and fraud detection and prevention. A general knowledge of banking systems and products in order to research customer information, statement data, transactional data, wire data, etc. Strong consideration will be given to candidates with at least 2 to 5 years of experience in general banking operations, background investigations, fraud or insurance investigations, accounting, audit or other pertinent analytical research.

Mandatory Skills:

Prior AML or Fraud experience. Strong Internet research skills. Ability to work independently in a fast paced environment. Strong analytical and decision making skills. Strong writing skills.

Desired Skills:

Prior banking, background investigation or research experience.

Employment Type: Temporary
Work Hours: Part Time

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