AML Coverage Strategy Specialist

Huntington National Bank; Ohio; On-site; USD 59,000 - 80,000; Full time

Job summary

A leading financial services company is seeking an AML Coverage Strategy Specialist to join their risk management team. This role involves developing and maintaining effective AML transaction monitoring strategies, collaborating with various departments to ensure compliance and adapt to evolving risks. The ideal candidate will have extensive experience in data analysis and solid knowledge of the regulatory landscape.

Qualifications

• 3+ years’ experience in data analysis, risk management, or compliance.
• Knowledge of BSA/AML risks and regulations.
• Ability to analyze large data sets and derive insights.

Responsibilities

• Develop and implement AML transaction monitoring models.
• Analyze regulatory guidance and trends affecting risk exposure.
• Communicate strategies to senior management and stakeholders.

Skills

Data analysis

Analytical skills

Communication

Education

Bachelor's degree

Tools

Risk management software

Data analytics tools

Job description

Join to apply for the AML Coverage Strategy Specialist role at Huntington National Bank

1 day ago Be among the first 25 applicants

Join to apply for the AML Coverage Strategy Specialist role at Huntington National Bank

Get AI-powered advice on this job and more exclusive features.

Description

Coverage Strategist Specialist - Description

Model Management and Optimization (MMO) is part of Huntington’s risk management BSA/AML department, which encompasses core segments including Financial Intelligence Unit (FIU), Customer Risk Management (CRM), Office of Foreign Asset Controls (OFAC), and BSA Compliance. MMO is responsible for developing and implementing the requirements and standards for the firm's Enterprise-Wide Anti-Money Laundering and OFAC Sanctions Programs.

Description

Coverage Strategist Specialist - Description

Model Management and Optimization (MMO) is part of Huntington’s risk management BSA/AML department, which encompasses core segments including Financial Intelligence Unit (FIU), Customer Risk Management (CRM), Office of Foreign Asset Controls (OFAC), and BSA Compliance. MMO is responsible for developing and implementing the requirements and standards for the firm's Enterprise-Wide Anti-Money Laundering and OFAC Sanctions Programs.

This posting is for a position with the Coverage Strategy team, within MMO, whose mandate it is to strategically design, develop and maintain an efficient and effective AML transaction monitoring model, Customer Risk (KYC) model, High Risk Country model, and OFAC screening model. The program must be robust, sustainable and able to adapt to a constantly evolving risk landscape to respond to emerging risks, money laundering trends, new products and services, and technologies that support the financial industry.

The Coverage Strategist Specialist will work closely with MMO’s quantitative analysts, BSA/AML core function leadership, Segment Risk, as well as directly with Lines of Business (LOBs) to develop, refine and implement ongoing monitoring strategies to ensure proper BSA/AML risk coverage. The Coverage Strategist will maximize the use of systematic and non-systematic sources of intelligence, work with lines of business to develop coverage for new products and services, assist MMO’s Data Management team in implementing new and modified files to support monitoring strategies and clearly communicate strategies to senior leadership.

It will be key for this person to be in close contact with LOB and Compliance stakeholders to ensure a clear understanding of the monitoring strategies required for local regulation. Additionally, this person will help the Coverage Strategy team to organize deliverables and to present and draft documentation for senior management discussions, exams and audits. The successful candidate will need strong communications skills, the ability to work independently yet collaboratively across BSA and Huntington’s lines of business. In addition, the candidate needs to demonstrate knowledge BSA/AML risks and guidance, banking products and services, as well as related regulatory and compliance standards. The candidate will demonstrate the ability to exercise sound judgment, as well as the ability to utilize and leverage data analytics or key metrics.

Key Responsibilities

• Execute against Department’s strategic planning and ongoing customer monitoring program roadmaps; Identify and develop solutions to capitalize upon monitoring opportunities
• Research, document, and communicate monitoring strategies and model development efforts to internal and external stakeholders;
• Analysis of regulatory guidance, industry red flags, and emerging trends against Huntington risk BSA/AML/CTF exposure (customers, products and services, geographies, and transactions)
• Maintain understanding of the Bank’s high-level products, services, and customers, as well as BSA/AML Operational processes and output
• Analyze data and determine appropriate threshold levels, with support from Quantitative/Modeling Analysts
• Participate in the development of training and execution of strategies within the function or department
• Via established operational procedures, conduct and/or review due diligence reviews for potential high-risk customers and/or transaction reviews to identify potential suspicious activity within a defined service level agreement; prepare, maintain and/or monitor reports in compliance with corporate and regulatory requirements as necessary
  
  
  

Qualifications

• Bachelor's degree or work experience equivalent is required;
• 3+ years’ experience in data analysis/statistics, computer science/information systems, mathematics, economics, risk management or compliance; may include relevant education experience
• 1+ years’ experience within BSA/AML/CTF/OFAC investigations, risk management, regulatory environment, or legal/compliance required
  
  
  

Preferred Qualifications

• CAMS certification or related AML/CTF certification is preferred (required within two years of obtaining position)
• Exceptional research and analytical skills with the ability to analyze large amounts of data, decipher higher risk attributes (e.g., transactional, geographical, product, customer type) and disposition appropriately
• Huntington systems and data knowledge is preferred; examples include Actimize CTR/ECM/KYC, SAS AML, FDR, and Enterprise Data Warehouse
• Huntington product and service knowledge with the understanding of how risk and controls identify and mitigate risks is preferred
• Strong interpersonal skills in teamwork, communication, time management and prioritization, adaptability, problem solving and decision making, and innovation is preferred
  
  
  

Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)

Yes

Workplace Type

Office

Our Approach to Office Workplace Type

Certain positions outside our branch network may be eligible for a flexible work arrangement. We’re combining the best of both worlds: in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.

Huntington will not sponsor applicants for this position for immigration benefits, including but not limited to assisting with obtaining work permission for F-1 students, H-1B professionals, O-1 workers, TN workers, E-3 workers, among other immigration statuses. Applicants must be currently authorized to work in the United States on a full-time basis.

Huntington is an Equal Opportunity Employer.

Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.

Note to Agency Recruiters: Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Other

• Industries

  Banking, Financial Services, and Investment Banking

Referrals increase your chances of interviewing at Huntington National Bank by 2x

Get notified about new Specialist jobs in Ohio, United States.

Columbus, OH $59,000.00-$80,000.00 3 days ago

Supply Chain Analyst / Specialist / Coordinator

Columbus, OH $80,000.00-$100,000.00 1 month ago

Sr Specialist - Development & Franchise Recruiting

Lead Manufacturing Specialist - Production

Business Optimization Specialist - Supply Planning

Senior Events & Communications Specialist

Real Estate Acquisitions Specialist - Fully Remote

Ohio, United States $85,000.00-$160,000.00 1 month ago

Environmental, Health, and Sustainability Analyst

Ohio, United States $60,000.00-$70,000.00 3 weeks ago

Digital Content Specialist - Corporate Communications

Customer Experience Specialist (Data Entry)

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.