AML Transaction Monitoring

Job Description

Purpose of the role

To support business areas with day-to-day processing, reviewing, reporting, trading and issue resolution. 

Accountabilities

• Support various business areas with day-to-day initiatives including processing, reviewing, reporting, trading, and issue resolution.
• Collaboration with teams across the bank to align and integrate operational processes.
• Identification of areas for improvement and providing recommendations in operational processes.
• Development and implementation of operational procedures and controls to mitigate risks and maintain operational efficiency.
• Development of reports and presentations on operational performance and communicate findings to internal senior stakeholders.
• Identification of industry trends and developments to implement best practice in banking operations.
• Participation in projects and initiatives to improve operational efficiency and effectiveness.

Analyst Expectations

• To meet the needs of stakeholders/ customers through specialist advice and support
• Perform prescribed activities in a timely manner and to a high standard which will impact both the role itself and surrounding roles.
• Likely to have responsibility for specific processes within a team
• They may lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources. They supervise a team, allocate work requirements and coordinate team resources.
• If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others.
• OR for an individual contributor, they manage own workload, take responsibility for the implementation of systems and processes within own work area and participate on projects broader than direct team.
• Execute work requirements as identified in processes and procedures, collaborating with and impacting on the work of closely related teams.
• Check work of colleagues within team to meet internal and stakeholder requirements.
• Provide specialist advice and support pertaining to own work area.
• Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct.
• Maintain and continually build an understanding of how all teams in area contribute to the objectives of the broader sub-function, delivering impact on the work of collaborating teams.
• Continually develop awareness of the underlying principles and concepts on which the work within the area of responsibility is based, building upon administrative / operational expertise.
• Make judgements based on practise and previous experience.
• Assess the validity and applicability of previous or similar experiences and evaluate options under circumstances that are not covered by procedures.
• Communicate sensitive or difficult information to customers in areas related specifically to customer advice or day to day administrative requirements.
• Build relationships with stakeholders/ customers to identify and address their needs.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.

Join Barclays as an AML Analyst, where you’ll have the chance to support various AML processes including but not limited to reconciliation of multiple data sources that can prompt a case opening and / or suspicious activity report (SAR) filing, tracking and escalation of technology-related issues and assist with tracking of daily production numbers. You will work closely and coordinate efforts with AML operations team leaders to help ensure critical functions are fulfilled timely and accurately. Certain customers pose a higher money laundering or terrorist financing risk to Barclaycard US. The qualified candidate will support various AML processes based on alert volume and team capacity by performing functions such as Transaction Monitoring Alerts investigations, Sar Writing, EDD (enhanced due diligence) and PEP (politically exposed persons) investigations for higher risk customers.  An AML Operations Senior Analyst will be responsible for transaction monitoring analysis, independently conducting suspicious activity investigations and reporting, performing new account screening, as well as reviewing and analyzing sanctions and politically exposed persons screening, and other AML processes. The candidate will work independently and work closely with management to ensure critical functions are fulfilled timely and accurately.

To be successful as an AML Analyst, you should have:

• Some experience in Credit Cards, Risk & Control, Compliance, Bank Secrecy Act, Anti-Money Laundering or Lending 

• Some experience in an AML capacity and knowledge of investigative techniques used in the investigation of financial crimes, preferably prior PEP experience.

• Strong Analytical and Problem-Solving skills

• Ability to multi-task and work under pressure

Some other highly valued skills may include:

• Previous OFAC/AML monitoring responsibilities & compliance

• Previous USA PATRIOT Act monitoring responsibilities & compliance

• Previous KYC, CDD & EDD research, documentation & verification responsibilities

• Professional BSA or AML certification(s)

You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills.

This role is located in Whippany