Wire Room Compliance Analyst

Overview

Our client is an International Bank based in Manhattan. They are looking for a Wire Room Compliance Analyst to join their Compliance Department.

Responsibilities:

• Operations SME for SWIFT
• Accept and process wire transfer requests from clients and bank personnel
• Perform various security related functions such as verification and callback confirmations to validate the authenticity of outgoing wire transfers
• Processing all outgoing wire transfers (Domestic, International USD, and International Foreign Currency, etc.) for external a nd internal customers according to set policies and procedures
• Resolving problems through inner and outer department communication as necessary
• Monitor the p rocessing of all incoming wire transfers according to set policies and procedures
• Utilize multiple servicing systems for research and processing (i.e. SWIFT)
• Review the purpose of the wire transfer and consider if is reasonable to effectively eliminate potential fraud/suspicious sit uat ions
• Ensure compliance with all established Federal Regulations for Wire transfers (OFAC, BSA/AML, Dodd Frank, etc.)
• Monitor the status of wire transfers throughout the business day to ensure deadlines are met
• Identify and escalate non routine transactions and exceptions to eliminate potential fraud/suspicious situations
• Investigate and research suspicious or fraudulent claims in accordance with Bank policy
• Assist with resolving any wire transfer system issues
• Perform all related duties and special projects as assigned
• Recommend latest methods to improve departmental functions
• Carries out specialized research to resolve problems and disputes
• Provide a high level of professional customer service
• Comprehend Federal Regulations that govern wire transfer transactions to eliminate any potential loss to the Bank.
• Perform end of day reconciliations
• Be proactive with special research projects related to implementing new products, controls and system enhancements

Qualifications: 

• Bachelor’s degree or higher
• Experienced of related experience AML, Transaction Monitoring,
• Should have Senior level knowledge of compliance regulations
• Relevant industry qualifications in Anti Money Laundering (Current/past or currently studying)
• In depth knowledge of common money laundering methods and trends
• Strong analytical, research and investigative skills
• Strong knowledge of Transaction Monitoring systems and applicable rules is required
• Effective organizational and communication skills with ability to perform in a fast paced environment
• Results oriented and driven by initiative with sense of ownership

Job ID: 1557