Full Time Opportunity 13; General Description 13; Performs a variety of duties to assist Popular Securities LLC. with compliance of the Bank Secrecy Act (BSA), Office of Foreign Assets Control (OFAC), USA PATRIOT Act, and other anti:money laundering program requirements. Is responsible for reviewing transactional data to detect, report and prevent suspected money laundering and terrorist financing activities. Performs periodic investigations of clients account to identify potential suspicious activities.
Essential Duties and Responsibilities 13;
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Performs AML Investigations through Surveillance Monitoring System, exception reports, or other type of referrals.
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Conducts a detailed research on the involved accounts and analyzes activity for those parties for possible money laundering, terrorism financing, and/or other suspicious activities. Collects and documents data, including alert, investigation, or Suspicious Activity Report history; Know Your Customer (KYC) information; relevant account and transaction data; plus, any other required information to assist the investigation.
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The analyst will also determine the source of the funds and if the activity makes sense for the involved parties.
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Clearly documents and explains the review performed with all required supporting documentation.
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Maintains the referrals and investigations log and works on cases on a timely manner.
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Builds relationships with business and operations units, effectively communicating and transferring information to obtain necessary information for the investigation on a timely manner.
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Generate daily and periodic reports and follow established procedures to review them.
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Manage office correspondence according to established procedures.
Minimum Education 13;
Bachelors Degree in Business Administration or Finance
Experience 13;
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AML, KYC or related experience preferred.
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Minimum two years of experience in a compliance related field at a broker:dealer or financial institution.
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One:year experience in reviewing customer transactions and information for potentially suspicious activity and performing AML or financial investigations; or equivalent securities industry experience.
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Experience in writing and preparing Suspicious Activity Reports (SARs) in accordance with applicable regulatory requirements preferred.
Other Qualifications 13;
Effectively communicate with lines of businesses to obtain additional information and documentation as needed
Very detail orientated
Strong analytical, problem solving, and organizational skills with a strong proactive approach
Be a quick learner that will be able to readily understand banking and AML concepts and issues, exercise sound judgment and observe the highest degree of confidentiality in the handling information received in connection with their responsibilities
Ability to multi:task and respond to unplanned issues while adhering to aggressive deadlines for multiple initiatives.
Ability to proactively and independently research issues, gather evidence, and successfully work with various departments.
Strong interpersonal and verbal/written communication skills
Proficiency in MS Word and Excel.
Flexible to perform other functions as requested by management
Competencies 13;
Accountability (L)
Business Excellence
Analytical Discipline
Change Agent
Character
Collaboration and Teamwork
Customer Centric
Self Development
Popular Inc., is an Equal Opportunity Employer
