Associate, AML Compliance

Associate, AML Compliance

This position will perform and deliver on routine assignments and projects for his / her assigned area(s) of responsibility. They are responsible for monitoring suspicious incident referrals received via internal and external sources and tracking and reporting metrics regarding suspicious incidents and reports filed with law enforcement.

DUTIES AND RESPONSIBILITIES : Performs and delivers on routine assignments / projects for his / her assigned area(s) of responsibility. Supports and promotes change management and / or departmental / enterprise initiatives within assigned area(s) of responsibility. Maintains knowledge on current and emerging developments / trends for assigned area(s) of responsibility. Identifies and clarifies necessary tasks, including determining priorities, the relative impact and urgency of individual steps necessary to complete assignments within the team. Leverages available information and uses routing procedures to make basic, straightforward decisions, consulting others as appropriate. Coordinates individual activities with team and manager, proactively sharing information and contributing to team goals. Records and monitors suspicious incident referrals received from multiple sources. Assess the fraud and anti-money laundering risks associated with the reported suspicious incident and determine the appropriate assignment of investigation and fraud / AML responsibilities to other team members. Tracks and reports business unit metrics regarding suspicious incidents and reports to law enforcement. Assigns transaction monitoring alerts to team members in an equitable and efficient manner. Coordinates team meetings and Fraud / AML Council sessions; prepares and distributes meeting minutes. Gathers information and documentation in response to regulatory and internal audit data requests. Develop suggestions for new and / or revised policies and procedures by researching applicable laws and regulations. Updates team procedures when process improvements or changes are identified. Ensures integrity and preservation of all work documentation, and provide information in response to suspicious incidents, regulatory and internal requests. Collaborates with internal stakeholders to complete tasks timely and accurately. Stays informed of the insurance and securities industries, technology, products and services relevant to AML and fraud prevention and pursues new and improved ways to accomplish work tasks.

ADDITIONAL POSITION RESPONSIBILITIES : Carries out duties in compliance with all state and federal regulations and guidelines. Complies with all company and site policies and procedures. Remains current in profession and industry trends. Makes a positive contribution as demonstrated by : making suggestions for improvement, learning new skills, procedures and processes Performs other duties as required.

EDUCATION AND EXPERIENCE : 4 Year / Bachelor's degree or equivalent work experience (1-3 years of experience in lieu of Bachelor's) (Minimum Required) 1 - 3+ Years experience in compliance or legal operations within the insurance or financial services industry. (Required)

Applications for this position will be accepted through November 7th, subject to earlier closure due to applicant volume.