Aml Analyst Jobs

Position Title: AML Analyst

Duration: 6 months

Possibility of extension: Yes

Possibility of FTE: Yes

Working Hours: 9-5 pm (there is no OT)

Working Location: Chicago IL 60614

Role Mandate:

• • 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.
• • Respond to onboarding and/or update requests from Commercial Banking and TPS Sales teams.
• -an ability to work in a fast-paced environment with accuracy
• • Assist the Team Leader with training and act as a “go to” person for less experienced Analysts.
• Qualifications:
• • 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.
• Training (5%)
• • Accurately and thoroughly complete final KYC Checklist and electronic storage of all related supporting documentation such as Office of Foreign Asset Control (OFAC) results, third party website information, and client identification documentation.
• 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.
• • Review deal files, third party websites and system information to augment data, scanning and storing screenshots or documents as required.
• • 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.
• As part of the U.S Commercial Know Your Customer (KYC) team, the U.S. Commercial KYC Senior 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.
• -Bilingual (French/English is a strong asset)
• • Work with the U.S. AML Office High Risk Unit to assess and update high- risk ratings as needed.
• Knowledge (10%)
• • 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.
• 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.
• • Ensure delivery of exemplary internal client service by troubleshooting and providing issue resolution in a professional, ethical, and courteous manner.
• -The HM hires with a prioritization on personality, (bright, motivated, lively, and driven), and feels AML can be taught
• -Strong preference for new grads from American Universities
• • Apply subject matter expertise to reply to AML-related questions within the assigned market.
• • Work with Commercial Banking and TPS Sales teams to obtain RM and TPS review and approval of all AML data.
• • Interact with staff of all levels in U.S. Commercial Banking as well as the U.S. AML Office High Risk Unit as necessary for issue resolution or escalation, involving management as needed, in order to ensure that the customers’ needs are met or exceeded.
• AML Program Issues (20%)
• -an affinity for learning- this role can be an excellent opportunity for candidates early on in their careers.
• • Complete clients’ AML annual reviews which include review of all current client information on all available systems, drafting a revised KYC Checklist based on that information, and requesting the RM and TPS Sales representative to review and approve each draft. Upon approval of the draft, the Analyst scans the updated KYC Checklist and all associated additional client documentation into the appropriate Livelink folders.
• • Serve as the main point of contact for status updates on AML processing from the assigned market.
• • Inform lines of business when a customer is prohibited based on information provided or gathered from other sources.
• • Gather required customer AML data and enter it into the AML book of record system (CMCIF) in order to either create a new or update an existing KYC Checklist.
• Monitoring and Reporting (60%):
• • Recognize and escalate high-risk triggers to the appropriate area for review and decision.
• • Adjudicate hits on any system name searches by consulting with internal OFAC Unit.
• This includes onboarding new clients, updating existing clients, and yearly reviews of existing clients.
• • Ensure Livelink folders are accurately maintained, scanning all current information including final KYC checklist, and all associated additional client documentation.
• -excellent communication skills
• • Conduct peer quality assurance reviews which involve the scrutinizing of completed KYC Checklists and Annual Reviews for completeness, accuracy, and adherence to procedures.
• Strategy and Change Management (5%)
• • Apply subject matter expertise and institutional knowledge of U.S. P&C customers, products and services to adhere to banking regulations and company directives
• • Identify any gaps, issues, and best practices and raise them to the management team.