We are looking for a BSA/AML Analyst who understands how to conduct AML investigations, identify unusual activity, and summarize findings in a clear and concise manner. If you're passionate about identifying and inhibiting money laundering, and enabling Novo to know its customers better, then we want to chat. Are you ready to revolutionize the small business banking industry with us?
About the Role:
- Monitor and conduct AML investigations on alerts generated by, and cases created in, Novo’s transaction monitoring system.
- Document and report review/investigation findings and prepare case files with the required supporting documentation.
- Writing a comprehensive analysis of the alert activity to support the decision to resolve a case or RFI with customer /escalate for further action.
- Assist with disposing/escalating alerts and cases according to agreed-upon business Service Level Agreements (SLAs).
- Follow-up with additional point(s) of contact as needed to obtain additional information in support of investigations.
- Communicate with senior management on compliance, legal, and business BSA/AML issues.
- Keep the team abreast with changes in the relevant laws, guidelines, and regulations for anti-money laundering.
- Appropriately assess risk when business decisions are made, demonstrating consideration for Novo’s reputation and safeguarding Novo, its clients, and assets by driving compliance with applicable laws, rules, and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct, and business practices, and escalating, managing, and reporting control issues with transparency.
Requirements for the Role:
- At least 1 years of experience specific to Anti-Money Laundering investigations. Must have experience in observing money laundering patterns, analyzing transactions, and escalating, if necessary.
- Excellent written and verbal communication skills. Must be able to summarise complex investigations and articulate recommendations clearly and succinctly.
- Capable of conducting open-source research and leveraging/analysing internal data sources to conduct investigations.
- Must be organised, attentive to detail, and an excellent problem solver.
- Must be able to effectively manage multiple tasks and sensitive information professionally in a fast-paced deadline driven environment.
- Proficiency in Microsoft Excel , Google Sheet and SQL will be bonus
- Analytical mindset
- Experience in banking/fintech industry
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