AML Compliance Analyst

Company: Ascendo Resources ( Learn More )

General Information
US-MN-Minneapolis
N/A
Not Specified
Full-Time
At least 3 year(s)
Not Specified
False
False
Job Description

Employee works to ensure compliance with various BSA/Anti-Money Laundering (AML) laws, regulations, and corporate policies and standards. The position may also assess high-risk products and processes within Payment Services and provide subject matter expertise, guidance, and support to the Payment Services team members.

Responsibilities include:

  • Performs initial and ongoing enhanced due diligence (EDD) reviews of the highest-risk customers in the Payment Services lines of business;
  • Conducts qualification reviews of high- and moderate-risk customers and determines the appropriate risk rating;
  • Creates risk acceptance documentation to support the raising or downgrading of high-risk customers for management approval;
  • Ensures Payment Services lines of business are in compliance with applicable laws, rules, regulations, and corporate policies related to EDD;
  • Works with Corporate AML to obtain analysis of laws and regulations and interprets policy requirements to support EDD compliance on an ongoing basis;
  • Basic Qualifications

  • Bachelor’s degree, or equivalent, relevant work experience
  • Three to Five years of financial experience in the compliance, BSA/AML, or Sanctions Screening (OFAC) disciplines, including:
  • Comprehensive understanding of AML/BSA/OFAC regulations. A self-directed and independently motivated individual, who places a high value on organizational skills and maintains strong business acumen
  • Job Requirements
    • Bachelor’s degree, or equivalent, relevant work experience
    • Three to Five years of financial experience in the compliance, BSA/AML, or Sanctions Screening (OFAC) disciplines