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Wire Room Compliance Analyst Consultant

New York, NY 10271 US

Posted: 02/19/19 Employment Type: Temporary Industry: Compliance Analyst, Compliance Officer, Wire Transfer Operator Job Number: 12465

Chat with me now! - https://flashrecruit.com/jobs/413330
 

Wire Room Compliance Analyst Consultant

(Located in Manhattan)

Major Responsibilities:

·          Assist with Compliance oversight of  the Bank’ s wire transfer system’ s operations.

·          Review and maintain records of wire transfers in order to ensure accurate processing and transparency. Provide timely and accurate analysis involving daily reviews of financial transactions in a fast-paced, time sensitive wire room operations environment.

·          Assist with implementation of new wire room Policies & Procedures for reviewing Trade Finance and MT202 Transactions.

·          Read and analyze SWIFT Messages, Fields and Message Types.

·          Review  incoming & outgoing wire transfers according to set policies and procedures.

·          Review the purpose of wire transfers and determine if it’ s reasonable to effectively mitigate potential fraud/suspicious situations.

·          Continually evaluate effectiveness of operational controls; develop appropriate mitigation plans where points of failure are identified.

·          Monitor and escalate anomalies in areas of notable deficiencies concerning wire room compliance.

·          Assist BSA Compliance Officer to ensure that the branch' s BSA/AML procedures, manuals, trainings and programs are kept current and relevant for wire room operations.

  

Skills, Competencies, and Experience Needed:

·          MANDATORY EXPERIENCE WITH WIRE ROOM OPERATIONS.

·          MANDATORY EXPERIENCE WITH OFAC SANCTION SCREENING AND AML REGULATIONS REQUIREMENTS.

·          LOOKING FOR CANDIDATES WITH AUDITING, TESTING, REMEDIATION, OR AML PROJECT MANAGEMENT EXPERIENCE.

·          Must be able to read and analyze SWIFT Messages, Fields and Message Types

·          Must be able to identify Risk associated with payments, processing, settling and clearing high volume of transactions

·          Produce daily and monthly reporting of key performance and risk metrics.

·          Understanding of Wolfsberg Payment Transparency Standards, SWIFT Standards, FINCEN Travel Rule and FATF 16

·          Knowledgeable with nested banking, correspondent banking, US Dollar Clearing, overseas wire products, and other Risks associated with Wire room operations.

·          Experience with payment processing, check processing, ACH, EFT, Fedwire, CHIPS, SWIFT.

·          Advanced Excel Skills and Data analysis skills are required.

·          Knowledge of and experience with AML regulations and requirements, including the Bank Secrecy Act, The USA PATRIOT Act, FFIEC BSA/AML Exam Manual guidelines, OFAC/Economic Sanctions and Suspicious Activity Reporting as they pertain to wire transactions.

·          Strong attention to detail, communication, collaboration, and organizational skills are required as well as the ability to prioritize workloads and deliver results in a time-sensitive environment.

·          Excellent communication skills and ability to provide feedback and advise business on AML compliance for wire room operations.

 

Qualifications:

·          Experienced of work experience within a financial institution, regulatory organization, or legal/consulting firm, or a combination of with at least 3-5 years’ experience working in an AML and/or Sanctions compliance function

·          4+ years of Wire Room experience

·          Bachelor' s degree (Master’ s Degree preferred)

·          Possibility of temp to perm

·          Preferred CAMS certification

 


Chat with me now! - https://flashrecruit.com/jobs/413330

 

Franca Diona
VP

Franca Diona has over 15 years of recruitment experience. She is a graduate of Iona College with a Bachelor of Arts specializing in public relations. She started her career in the music business working for major radio stations in the tri-state area. She furthered her career promoting the world-renowned musician Debbie Gibson. She utilized her skills expanding into the financial industry as a recruiter. Being a part of Adams Consulting Group has allowed Franca to broaden her craft by setting goals and striving to achieve them. She remains energetic and enthusiastic about getting the job done at ACG.
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