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AML Compliance Analyst in Austin, TX at Volt

Date Posted: 1/8/2019

Job Snapshot

  • Employee Type:
    Contingent
  • Location:
    Austin, TX
  • Job Type:
  • Duration:
    24 weeks
  • Date Posted:
    1/8/2019
  • Job ID:
    156392
  • Pay Rate
    $22.0 - $22.0/Hour
  • Contact Name
    Volt Branch
  • Phone
    512-592-3348

Job Description

Volt Workforce Solutions is supporting a client that is a leading provider of prepaid debit cards and commercial prepaid card solutions in the U.S. They serve the estimated 68 million underbanked consumers who do not have a traditional bank account or who rely on alternative financial services, by offering products that are flexible with powerful features designed just for them.

Primary Responsibilities:

Performing transaction alert review and case investigations using various sources, systems and reports for suspicious activity related to money laundering, terrorist financing, identity theft and other criminal activities using house managed programs and agents. Identifying unusual customer transaction patterns indicative of suspicious activity; investigating inappropriate and/or fraudulent activity; conducting enhanced due diligence on high risk customers; escalating issues as warranted to management; 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:

  • Interview customers, relationship managers and business partners during alert review and case investigations;
  • Collect appropriate documentation to evaluate and recommend the submission of suspicious activity reports (SARs) and/or bank referrals;
  • Prepare well-written Suspicious Activity Reports (SARs) on suspect transactions;
  • Prepare and file Currency Transaction Reports (CTRs);
  • Run queries and analyze transaction data against customer profiles;
  • Performing enhanced due diligence on load exception requests and high-risk customers;
  • Interact with AML systems to document alert review and case investigations;
  • Work closely with AML and Fraud team to make recommendations, identify trends and evaluate card activity risks.

Qualifications:

  • Bachelor’s degree and specific relevant BSA/AML experience investigation experience preferred, but not required.  CAMs or CFE a plus.
  • 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.

Volt Workforce Solutions is an equal opportunity employer