Anti-Money Laundering Analyst

AML Analyst - 6 month contract + extension

Possibility of full time conversion: Yes

Working Hours: 9-5pm

Working Location: ON SITE in Chicago, candidates must be local

Role Mandate: As part of the U.S Commercial Know Your Customer (KYC) team, AML/KYC Analyst is responsible for supporting compliance by U.S. Commercial Bank lines of business under the U.S. Commercial Banking umbrella (including Treasury & Payment Solutions (TPS)) with required BSA/AML/KYC guidelines provided by the U.S. AML Office. This includes onboarding new clients, updating existing clients, and yearly reviews of existing clients. Working directly with U.S. Commercial Banking, TPS Sales, and the U.S. AML Office/ U.S. AML Office High Risk Unit, the Senior Analyst collects all required documents and data, assesses customer AML risk, and generates AML KYC Checklists. The Senior Analyst documents and records AML due diligence information gathered to ensure that mandated procedures have been followed, mitigate risk, and ensure all clients are in compliance.

Monitoring and Reporting (60%):

• Respond to onboarding and/or update requests from Commercial Banking and Sales teams.

• Gather required customer AML data and enter it into the AML book of record system in order to either create a new or update an existing KYC Checklist.

• Review deal files, third party websites and system information to augment data, scanning and storing screenshots or documents as required.

• Work with Commercial Banking and Sales teams.

• Complete clients’ AML annual reviews which include review of all current client information on all available systems.

• Respond to and provide day-to-day processing of all requests for an assigned market in order to provide the expected level of customer service and meet target dates.

• Advise lines of business regarding AML information and documentation requirements and ensure that no deals, loans or account openings move forward until required AML risk assessments and KYC Checklist have been completed.

• Serve as the main point of contact for status updates on AML processing from the assigned market.

• Recognize and escalate high-risk triggers to the appropriate area for review and decision.

• Accurately and thoroughly complete final KYC Checklist and electronic storage of all related supporting documentation.

• Inform lines of business when a customer is prohibited based on information provided or gathered from other sources.

• Manage several requests simultaneously, prioritizing as needed in order to meet promised deadlines and client demand. Review the teams’ work for accuracy and completion and escalate findings to the appropriate Team Leader.

• Conduct peer quality assurance reviews which involve the scrutinizing of completed KYC Checklists and Annual Reviews for completeness, accuracy, and adherence to procedures.

AML Program Issues (20%)

• Interact with staff of all levels in Commercial Banking as necessary for issue resolution or escalation, involving management as needed, in order to ensure that the customers’ needs are met or exceeded.

• Ensure delivery of exemplary internal client service by troubleshooting and providing issue resolution in a professional, ethical, and courteous manner.

Knowledge (10%)

• Maintain up to date subject matter expertise in the areas of AML and banking regulations by reviewing the appropriate reference material and completing annual compliance training courses, as required, in order to effectively manage risk, operational and compliance requirements.

• Apply subject matter expertise and institutional knowledge of U.S. P&C customers, products and services to adhere to banking regulations and company directives

Training (5%)

• Apply subject matter expertise to reply to AML-related questions within the assigned market.

• Assist the Team Leader with training and act as a “go to” person for less experienced Analysts.

Strategy and Change Management (5%)

• Identify any gaps, issues and best practices and raise them to the management team.

Qualifications:

• Excellent communication skills
• Ability to work in a fast-paced environment with accuracy
• Affinity for learning- this role can be an excellent opportunity for candidates early on in their careers
• HM hires with a prioritization on personality (bright, motivated, lively, and driven), and feels AML can be taught