Sr. Analyst - Transaction Monitoring AML & Financial Crimes Financial Intelligence Unit

Job Description Summary

Job Description

Under limited supervision, the AML Analyst applies specialized knowledge and skills in securities and/or banking industry compliance, gained through experience, specialized training and/or certification, to monitor and investigate transactions for suspicious activity,  ensuring  compliance with AML rules and regulations. This role includes leading projects of moderate scope and complexity and serving as a technical advisor to various business lines. The AML Analysts is responsible for resolving or recommending solutions to complex problems and will have extensive contact with internal stakeholders/Financial Advisors/Branch personnel to identify, research, resolve potential issues. If suspicious activity is identified, the investigator is required to promptly report any suspicious activity by filing a Suspicious Activity Report (SAR) and follow through the client retention process.

Responsibilities:

• Investigate potentially suspicious activity arising from automated transaction monitoring system, branch escalations, regulatory investigations, or matters escalated by various business lines including Compliance, Legal, Risk or other Firm divisions.

• Review client background information, securities transactions, and fund movements to identify potential money laundering, terrorist financing, or other financial crimes.

• Conduct thorough investigation utilizing internal and external searches on the clients, third parties, and identify any negative news.

• Send 314(b) requests and Requests for Information (“RFI”) to branches as needed.

• Prepare a detailed SARs (Suspicious Activity Reports) and file with FINCEN.

• Conduct continuing activity reviews and report any continuation of suspicious activity.

• Perform Level 2 (L2) reviews and request retention decision from the AML officers; follow through on the account closure for terminated relationships.

• Communicate findings to senior leadership in a thorough write-up including risk factors and supporting evidence for retention decision.

• Administer AML policies and procedures to ensure compliance with regulations related to money laundering included in the US PATRIOT Act.

• Monitor regulatory developments and industry trends to facilitate incorporation into the Firms’ AML program.

• Train team members on internal AML policies, processes, rules, and regulations.

• Deliver presentations during departmental/team meetings.

• Inform senior management about issues that may involve rule violations or potential liability.

• Perform other duties and responsibilities as assigned.

Skills:

• Strong SAR writing/narrative skills including justification for suspicion.

• Knowledge of securities industry and/or banking compliance practices.

• Familiarity with rules and regulations of the US PATRIOT Act.

• Understanding of investment concepts, financial markets, and banking industry.

• Experience administering AML policies and procedures.

• Ability to analyze transactional activity to identify suspicious pattern.

• Skilled in developing and delivering training.

• Strong planning and organizational skills and being able to track work in progress to meet regulatory and internal requirements.

• Strong written and verbal communication skills.

• Ability to work under pressure on multiple tasks concurrently and meet deadlines in a fast-paced work environment with frequent interruptions and changing priorities.

• Work independently as well as collaboratively within a team environment.

• High level of customer service and confidentiality.

• Commitment to staying current with AML regulations and best practices.

Licenses/Certifications:

• CAMS certification is required to be obtained within 12 months of hire date.

Education

Work Experience

Certifications

Salary Range

Travel

Workstyle

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view. 
We expect our associates at all levels to:
•  Grow professionally and inspire others to do the same
•  Work with and through others to achieve desired outcomes
•  Make prompt, pragmatic choices and act with the client in mind
•  Take ownership and hold themselves and others accountable for delivering results that matter
•  Contribute to the continuous evolution of the firm

At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates.  When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.