Conduct initial analysis of customer transactions using internal/external research tools to assess and determine if the transactions seem plausible or if there is reasonable suspicion that the transaction involves money laundering.
Supporting the development and maintenance of an effective automated monitoring system and related KPIs.
Maintaining knowledge of AML risks and regulations related to AML/ATF regulatory expectations
Ensuring the rules and alerts written for monitoring bank products are appropriately tuned and maintained.
Reviewing systematic Anti-Money-Laundering (AML) alerts generated from the AML transaction monitoring system and determining if transactions occurring are valid Anti-Money Laundering risks.
Performing research considering various AML risk factors and indicators to determine if the alert/case needs to be escalated.
Accurately document the rationale for case closure or escalation as appropriate
Undertake prompt closure of eligible alerts not deemed as unusual or suspicious.
Reviewing financial transactions to identify possible instances of money laundering, suspicious activity, or other criminal activity.
Monitoring transactions for signs of fraud or other illicit activity to help detect patterns of suspicious activity that may require further investigation
Preparation of customer transaction analysis summaries on request.