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Seasonal AML Compliance Specialist

Description

.Acara Solutions is seeking a Seasonal AML Compliance Specialist in the Austin area! Pay rate $22/hour.
Description of Position: The Compliance Department operates in a fast-paced, rigorously audited and dynamic environment. The Anti-Money Laundering (AML) Compliance Specialist performs various compliance driven investigative assignments related to regulatory initiatives pursuant to the Bank Secrecy Act (BSA), USA PATRIOT Act, Office of Foreign Assets Control (OFAC), Money Laundering, Suspicious Transactions and High Risk Activities. This position is critical to protecting the Company from legal and regulatory risks, as well as reputational and franchise risks. This is a seasonal, temporary position that primarily works in an office environment in a secured building.Duties and Responsibilities: Primary responsibilities of the position include using various sources, systems and multiple reports to independently conduct and carry to completion the review, evaluation and monitoring of accounts for suspicious activity related to money laundering, terrorist financing, and other criminal activities conducted at or through various entities. Identifying unusual customer transaction patterns indicative of suspicious activity; investigating inappropriate and/or fraudulent activity; conducting enhanced due diligence on higher-risk customers; escalating issues; maintaining thorough documentation of compliance with all BSA/AML/OFAC requirements; and continuously working to understand and mitigate risk and losses.Other duties include the following:
  • Interviewing customers, relationship managers and business partners in establishing factual resolution of investigative cases related to known or suspected money laundering or terrorist financing;
  • Collect appropriate documentation to evaluate and recommend case investigations.
  • Analyze alerts against customer profiles to determine whether more analysis is needed;
  • Ensure timely resolution of alerts and determine whether supporting documentation is received is sufficient to validate resolution of alert;
  • Interact with AML system and compliance officers to reflect proper review;
  • Background Check policy, eligible candidates may be subject to drug, criminal history, and credit checks, which will be conducted and used in accordance with applicable local, state, and federal laws

    Requirements

    .Required Skills / Qualifications:
  • Bachelor’s degree with a minimum of 1 to 3 years specific BSA/AML investigation experience preferred, but not required.
  • Ability to comprehend and adhere to Federal and State banking regulations, Company policies and procedures, and successfully participate in regulatory and Company training requirements via multiple and variable delivery methods.
  • Excellent written and verbal communication skills.
  • Intermediate Excel skills required.
  • Must be dedicated and focused with demonstrated ability to effectively analyze data from multiple sources in multiple formats from various sources and core processing systems.
  • Excellent communication skills, organizational skills and attention to detail.

  • Preferred Skills / Qualifications:CAMs or CFE a plus.

    Job Snapshot

    Location US-TX-Austin
    Employment Type Contractor
    Pay Type Year
    Pay Rate N/A
    Store Type Finance, Admin - Clerical
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    Company Overview

    Acara Solutions

    Acara understands that finding that rewarding next step along your career path can be challenging. We also understand the legwork that goes into being your career advocate. Our award-winning recruiters focus on the candidate experience, getting to know you and your goals, both long- and short-term. They get to know your skills and your growth trajectory so that they not only can represent you in front of our more than 1,000 customers with opportunities across North America, but also connect you with the best-fit role. After all, optimal workforce experiences come when employees are matched with companies who need—and value—their skills and contributions. Learn More

    Contact Information

    US-TX-Austin
    Kayla Miller
    Snapshot
    Acara Solutions
    Company:
    US-TX-Austin
    Location:
    Contractor
    Employment Type:
    Year
    Pay Type:
    N/A
    Pay Rate:
    Finance, Admin - Clerical
    Store Type:

    Description

    .Acara Solutions is seeking a Seasonal AML Compliance Specialist in the Austin area! Pay rate $22/hour.
    Description of Position: The Compliance Department operates in a fast-paced, rigorously audited and dynamic environment. The Anti-Money Laundering (AML) Compliance Specialist performs various compliance driven investigative assignments related to regulatory initiatives pursuant to the Bank Secrecy Act (BSA), USA PATRIOT Act, Office of Foreign Assets Control (OFAC), Money Laundering, Suspicious Transactions and High Risk Activities. This position is critical to protecting the Company from legal and regulatory risks, as well as reputational and franchise risks. This is a seasonal, temporary position that primarily works in an office environment in a secured building.Duties and Responsibilities: Primary responsibilities of the position include using various sources, systems and multiple reports to independently conduct and carry to completion the review, evaluation and monitoring of accounts for suspicious activity related to money laundering, terrorist financing, and other criminal activities conducted at or through various entities. Identifying unusual customer transaction patterns indicative of suspicious activity; investigating inappropriate and/or fraudulent activity; conducting enhanced due diligence on higher-risk customers; escalating issues; maintaining thorough documentation of compliance with all BSA/AML/OFAC requirements; and continuously working to understand and mitigate risk and losses.Other duties include the following:
  • Interviewing customers, relationship managers and business partners in establishing factual resolution of investigative cases related to known or suspected money laundering or terrorist financing;
  • Collect appropriate documentation to evaluate and recommend case investigations.
  • Analyze alerts against customer profiles to determine whether more analysis is needed;
  • Ensure timely resolution of alerts and determine whether supporting documentation is received is sufficient to validate resolution of alert;
  • Interact with AML system and compliance officers to reflect proper review;
  • Background Check policy, eligible candidates may be subject to drug, criminal history, and credit checks, which will be conducted and used in accordance with applicable local, state, and federal laws

    Requirements

    .Required Skills / Qualifications:
  • Bachelor’s degree with a minimum of 1 to 3 years specific BSA/AML investigation experience preferred, but not required.
  • Ability to comprehend and adhere to Federal and State banking regulations, Company policies and procedures, and successfully participate in regulatory and Company training requirements via multiple and variable delivery methods.
  • Excellent written and verbal communication skills.
  • Intermediate Excel skills required.
  • Must be dedicated and focused with demonstrated ability to effectively analyze data from multiple sources in multiple formats from various sources and core processing systems.
  • Excellent communication skills, organizational skills and attention to detail.

  • Preferred Skills / Qualifications:CAMs or CFE a plus.
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