Compliance Analyst - AML

Cetera Financial Group Inc; Des Moines (IA); On-site; USD 55,000 - 75,000; Full time

Job summary

Cetera Financial Group Inc. is seeking an AML Compliance Analyst to gather and analyze information ensuring adherence to AML policies and applicable laws. You will review CIP requests, monitor client activity for unusual patterns, and document findings through client due diligence.

Strong communication and analytical skills are essential for interacting with AML leadership and advisers. The role requires experience in compliance or banking operations, along with solid office proficiency.

Qualifications

• High School Diploma or GED required.
• Minimum 3 years of compliance or banking operations experience required.
• Minimum 3 years of general office or accounting experience required.

Responsibilities

• Gather and analyze information to ensure AML policies and regulations are followed.
• Review CIP-related requests and maintain documentary evidence.
• Review and communicate discrepancies related to AML policies to AML Manager.
• Analyze OFAC-related exception reports and address identified issues.
• Perform regulatory inquiries related to FinCEN.
• Review daily exception reports and communicate with financial advisers on unusual activity.
• Detect variances in policies through systems and reports.
• Support supervisory and operations staff on AML and CIP questions.
• Participate in review, monitoring, testing, and verification of Firm policies and procedures.
• Conduct Customer Due Diligence reviews to determine customer risk profiles.
• Communicate clearly and professionally with all levels of the organization.
• Conduct research on customer accounts as requested.
• Take on additional duties as assigned.

Skills

Analytical skills

Customer service

Critical thinking

Time management

Multi-tasking

Bank operations knowledge

Prioritization

Communication

Attention to detail

Compliance knowledge

Regulatory knowledge

Microsoft Office

Outlook

Education

High School Diploma or GED

Tools

Microsoft Office

Outlook

Job description

Gather and analyze applicable information and resources to ensure Firms’ Anti-Money Laundering policies and procedures, as well as all applicable laws and regulations are followed. Review and analyze daily files related to Customer Identification Programs, monitor client account activity for unusual activity, execute client reviews required under Bank Secrecy Act and document findings.

Requirements

• Involved in one or more of the following activities to ensure compliance with Firms’ AML policy and all applicable laws and regulations:
• Review and investigate daily requests related to Customer Identification Programs (CIP). Maintain documentary of evidence of CIP related searches.
• Review and communicate discrepancies related to AML policies and procedures to AML Manager.
• Analyze exception reports related to Office of Foreign Asset Controls (OFAC) review and utilize systems to address identified exceptions.
• Perform necessary regulatory inquiries related to Financial Crimes Enforcement Network (FinCEN)
• Review daily exception reports and communicate with financial advisers on any unusual or suspicious activity.
• Review and detect variances in policies and regulations through systems and reports
• Support supervisory and operations personnel to address questions or concerns related to AML and CIP activity
• Take active part in the review, monitoring, testing and verification of our Firm policies and procedures
• Perform the required Customer Due Diligence reviews to help determine customer risk profiles
• Effective written and oral communication skills with all levels within the organization
• Perform research as requested on customer accounts.
• Other duties as assigned

Basic Qualifications

• High School Diploma or GED required.
• Minimum 3 years of compliance or banking operations experience required.
• Minimum 3 years of general office or accounting experience required.

Skills and Knowledge

• Analytical skills that can recognize fraudulent items and items that merit more detailed review
• Excellent customer service skills and ability to deal with elite clients
• Proven critical thinking and strong time management skills
• Ability to multi-task while maintaining a high level of quality and efficiency
• General knowledge of bank operations and wire processing
• Ability to plan and prioritize job assignments
• Ability to communicate effectively orally and in writing
• Excellent organizational skills and detail oriented
• Requires good knowledge of wire payment processes and related legal/regulatory requirements.
• High level of quality/quantity of work and customer service,
• Strong analytical skills, ability to resolve routine to complex problem/issues independently and take initiative on new assignments.
• Thorough knowledge of compliance related functions.
• Thorough knowledge of applicable regulatory requirements.
• Good knowledge of Outlook and Microsoft Office applications.