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Transaction Monitoring & Reporting Investigator
Ref No.: 18-03240
Location: Long Island City, New York
Position Type:Contract
  • The Transaction Monitoring & Reporting Investigator, reports to the TM & Reporting Team Lead, who reports directly to the BSA/AML Compliance Officer. The Transaction Monitoring & Reporting Investigator is responsible for conducting unusual and suspicious activity transaction monitoring on the Branch's products and services.
  • In this role, the Transaction Monitoring & Reporting Investigator will support the Transaction Monitor and Reporting team which monitors, reviews and ensures compliance with internal transaction monitoring standards, and all applicable U.S. laws and regulations.
  • Review and investigate Alerts generated by [Prime].
  • Determine and ascertain the adequacy of the TM Investigator's investigation process and documentation for both the Alerts to be closed or escalated.
  • Conduct additional research/review of transactional history as necessary in determining the correct disposition for the Alerts and/or request additional information from the TM Investigator if gaps exist in the documentation or research submitted with their recommended disposition.
  • Provide the final disposition of the Alerts and close or escalate to a case.
  • Assist Transaction Monitoring Team Lead with case investigations and SAR drafting as directed.
  • Conduct continuing activity investigations as required.
  • Provide support in the development, design and implementation of changes to the monitoring rules.
  • Monitor and escalate anomalies and areas of notable deficiencies in the transaction monitoring space to the Transaction Monitoring Team Lead.
  • Assist BSA/AML Compliance Officer to ensure that the branch's BSA/AML procedures, manuals, trainings and programs are kept current and relevant for Transaction Monitoring.
  • Draft and file Currency Transaction Reports (CTRs) as applicable
  • Assist the BSA/AML and Sanctions Officer in conducting the Transaction Monitoring Risk Assessment and Methodology.
  • Perform other ad hoc duties as required for the Transaction Monitoring and Reporting Team.
  • Bachelor's degree
  • Experienced of related experience – AML, Transaction Monitoring, alert clearing, escalation investigations and SAR drafting
  • Relevant industry qualifications in Anti-Money Laundering (ACAMS) preferred (Current / past or currently studying)
  • In-depth knowledge of common money laundering methods and trends
  • Strong analytical, research and investigative skills
  • Strong knowledge of Transaction Monitoring systems and applicable rules is require