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Raymond James · 2 weeks ago

AML Analyst- Transaction Monitoring

St. Petersburg, FL

Contract

Onsite

Mid Level

$38.92/hr - $41.73/hr

3+ years exp

Raymond James is a financial services firm specializing in investment and banking solutions. The AML Analyst will monitor and investigate transactions for suspicious activity, ensuring compliance with AML regulations, and will lead projects and provide technical advice to various business lines.

BankingFinancial ServicesInformation TechnologyInsuranceWealth Management

Growth Opportunities

Responsibilities

Investigate potentially suspicious activity that may arise from account surveillance, branch escalations, risk alerts, regulatory investigations, and matters otherwise escalated to the AML (anti-money laundering) Group by the Business, Compliance, Legal, Risk or other Firm divisions where account transactional activity is at issue

Conduct appropriate due diligence related to the potential suspicious activity by reviewing client background information, securities transactions, and fund movements as necessary

Conduct due diligence searches in various third-party and internal databases

Prepare and lead AML trainings of targeted divisions within the Firm

Perform analysis and reviews utilizing internal and third-party research tools

Administers 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

Trains colleagues/peers on internal AML policies, rules, and regulations

Develops documentation related to AML issues to enhance corporate policies

Maintains fraud prevention system, including testing and installation of software updates

Informs senior compliance management about issues that may involve rule violations or potential liability

Maintains currency in laws and regulations pertaining to anti-money laundering compliance

Performs other duties and responsibilities as assigned

Qualification

AML complianceTransaction monitoringFinancial analysisUS PATRIOT ActTraining developmentRegulatory complianceCustomer serviceCommunication skillsTeam collaborationConfidentiality

Required

Bachelor's Degree required

A minimum of 1 year of FIU (Financial Intelligence Unit) experience required

A minimum of 3 years of AML (Anti-Money Laundering) experience required

Concepts, practices, and procedures of the securities industry and/or banking compliance reviews

Rules and regulations of the US PATRIOT Act

Fundamental investment concepts, practices, and procedures used in the securities industry

Principles of banking and finance and securities industry operations

Financial markets and products

Administering anti-money laundering policies and procedures

Analyzing transactional activity to identify suspicious transactions

Developing and delivering technical training to others

Planning and scheduling work to meet regulatory, organizational and regulatory requirements

Identifying and applying appropriate compliance monitoring procedures and tests

Making rule-based and analytical decisions

Gather information, identify linkages and trends and apply findings to assignments

Interpret and apply anti-money laundering regulations and identify and recommend compliance changes as appropriate

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

Communicate effectively, both orally and in writing

Work independently as well as collaboratively within a team environment

Provide a high level of customer service

Maintain confidentiality

Maintain currency in anti-money laundering rules and regulations and compliance examination techniques and best practices