New

AML Case Analyst

TEKsystems
$35.00 - $40.00 / hr
life insurance, sick time, 401(k), retirement plan
United States, New York, New York
Apr 02, 2025
AML Case Analyst Opening!! 6 month contract Opening! Description Performs operational Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) analysis including performing financial case investigations and preparing Suspicious Activity Reports (SARs) and Continuing Activity SARs to ensure compliance with the BSA. Also provides support as needed to perform OFAC/sanctions screenings, perform QA/QC on CTR filings, and actively responsible for completion of 314(a) and 314(b) information sharing requests as needed. * Perform case investigations and analysis using a risk-based approach within Verafin, including the gathering of documentation to disposition a case. Provide in-depth research and detailed analysis to support the decision as to whether the activity can be mitigated or requires a SAR filing. * Make a determination regarding whether to categorize activity as "suspicious." If activity is deemed suspicious, provide recommendation as to whether the activity should be referred to law enforcement or if it presents a high enough BSA/AML risk to the bank, if maintaining the member's relationship should be considered. * Write SARs and Continuing Activity SARs within Verafin for submission to FinCEN. Also responsible for reviewing and reporting 314(a) alert matches identified in Verafin to FinCEN. * Perform internet and database searches to gather and save all relevant supporting documentation relating to a BSA/AML case investigation including negative media searches. Save all research for record retention and potential SAR documentation requests from law enforcement and/or regulatory exams or internal audits * Coordinate with other business lines such as Retail Banking, Business Banking, Fraud, Legal, Regulatory Compliance etc., as needed to disposition a case. Send request for information (RFIs) to Retail Banking as necessary to help substantiate activity. * Responsible for identifying and escalating any high-risk cases (i.e. involving terrorism, human trafficking, negative media, employee transactional concerns etc.) to the immediate attention of the BSA/AML Compliance Officer or a BSA/AML Analyst. * Assist BSA/AML Compliance Officer and BSA/AML Compliance Analysts with all other administrative aspects of the program including monitoring of email inbox to ensure case creation in Verafin for all manual referrals. * Provide expertise and training to more junior BSA/AML analysts and/or contractors as needed. * Monitor regulatory changes as they relate to the BSA program and participate in ongoing training to stay current in BSA/AML industry trends and legislation. * Assists the BSA/AML Compliance Officer in ensuring the bank takes necessary actions to comply with all requirements and to reduce the bank exposure to lawsuits, penalties, adverse publicity and other risks. Pay and Benefits The pay range for this position is $35.00 - $40.00/hr. Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to specific elections, plan, or program terms. If eligible, the benefits available for this temporary role may include the following: * Medical, dental & vision * Critical Illness, Accident, and Hospital * 401(k) Retirement Plan - Pre-tax and Roth post-tax contributions available * Life Insurance (Voluntary Life & AD&D for the employee and dependents) * Short and long-term disability * Health Spending Account (HSA) * Transportation benefits * Employee Assistance Program * Time Off/Leave (PTO, Vacation or Sick Leave) Workplace Type This is a fully remote position. Application Deadline This position is anticipated to close on Apr 15, 2025. About TEKsystems: We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company. The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.