AML Analyst at Tata Consultancy Services Houston, TX

Comunidade Metodista; Houston (TX); On-site; USD 55,000 - 80,000; Full time

Benefits offered by this job

Discretionary Annual Incentive

Medical Coverage

Family Leaves

Insurance Options

Training Reimbursement

Vacation & Holidays

401K Plan

Job summary

Tata Consultancy Services in Houston, TX seeks an AML Analyst to review alerts and investigate transaction activity, ensuring compliance with AML policies. The role emphasizes analytical skills, attention to detail, and documentation of findings with clear rationales.

Collaborate with internal systems and external sources to assess risk and escalate when necessary. The position focuses on reviewing alerts, researching activity, and documenting decisions in a structured format, with a path toward

Qualifications

• Familiarity with Bank Secrecy Act (BSA), OFAC sanctions, and AML laws.
• Ability to identify patterns and analyze complex data.
• High accuracy when reviewing transactions and documenting findings.
• Capability to gather and assess information from various sources.
• Understanding of different financial transactions and profiles.

Responsibilities

• Review AML alerts generated in FCRM and identify red-flag categories.
• Review activity and 30 days of recent activity with research rationale.
• Verify customer profiles against records to assess transaction legitimacy.
• Conduct initial research using internal systems and external data.
• Document findings and rationale for alert decisions in the provided format.
• Decide if an alert is non-suspicious or escalate for thorough investigation.
• Ensure reviews comply with AML policies, regulations, and procedures.

Skills

AML regulations

Analytical skills

Attention to detail

Investigative skills

Financial product knowledge

Job description

AML Analyst job at Tata Consultancy Services. Houston, TX. TCS, a global leader in IT services, consulting, and business solutions, leverages technology for business transformation and helps catalyze change.

Key Job Responsibilities

• Reviewing alerts: Analyzing AML alerts generated in FCRM, and look for the specific AML alerts category (potential red flags) like - structuring, high-risk high-volume transaction, change in behavior, etc.
• Review the alerted activity and 30 days of recent activity on the account including appropriate research to explain why the activity is performed.
• Customer profile checks: Verifying customer information against existing records to understand the legitimacy of transactions and the customer's expected activity.
• Basic investigation: Conducting initial research using internal systems and external data sources to gather information about the transaction, parties involved, and potential risks.
• Review the alerted activity and 30 days of recent activity on the account including appropriate research to explain why the activity is performed.
• Alert disposition: Deciding whether to close an alert as non-suspicious with no further action recommended escape it to a higher level for more robust & thorough investigations
• Documentation: Record their findings and rationale for the decision made on the alert in a specific format provided with FCRM update
• Compliance adherence: Ensuring all reviews are conducted in accordance with established AML policies, regulations, and internal procedures.

Key Skills

• Basic understanding of AML regulations: Familiarity with Bank Secrecy Act (BSA), OFAC sanctions, and other relevant anti-money laundering laws.
• Analytical skills: Ability to identify patterns, analyze complex data, and draw logical conclusions from available information.
• Attention to detail: High level of accuracy when reviewing transactions and documenting findings and recommend action with detailed rationale.
• Investigative skills: Capability to gather and assess information from various sources to support decision-making
• Basic knowledge of financial products and services: Understanding different types of transactions, customer profiles, and potential red flags associated with various financial activities

TCS Employee Benefits Summary

• Discretionary Annual Incentive.
• Comprehensive Medical Coverage: Medical & Health, Dental & Vision, Disability Planning & Insurance, Pet Insurance Plans.
• Family Support: Maternal & Parental Leaves.
• Insurance Options: Auto & Home Insurance, Identity Theft Protection.
• Convenience & Professional Growth: Commuter Benefits & Certification & Training Reimbursement.
• Time Off: Vacation, Time Off, Sick Leave & Holidays.
• Legal & Financial Assistance: Legal Assistance, 401K Plan, Performance Bonus, College Fund, Student Loan Refinancing.

Salary: $55,000 - $80,000 per year