PROCESS INNOVATION PROFESSIONAL-RISK And COMPLIANCE

Introduction

A career in IBM Consulting embraces long-term relationships and close collaboration with clients across the globe. In this role, you will work for IBM BPO, part of Consulting that, accelerates digital transformation using agile methodologies, process mining, and AI-powered workflows.

You'll work with visionaries across multiple industries to improve the hybrid cloud and AI journey for the most innovative and valuable companies in the world. Your ability to accelerate impact and make meaningful change for your clients is enabled by our strategic partner ecosystem and our robust technology platforms across the IBM portfolio, including IBM Software and Red Hat.

Curiosity and a constant quest for knowledge serve as the foundation to success in IBM Consulting. In your role, you'll be supported by mentors and coaches who will encourage you to challenge the norm, investigate ideas outside of your role, and come up with creative solutions resulting in groundbreaking impact for a wide network of clients. Our culture of evolution and empathy centers on long-term career growth and learning opportunities in an environment that embraces your unique skills and experience. 

Your Role And Responsibilities

Senior Analysts engage in risk, compliance, and financial crimes projects to serve Promontory clients within the banking and finance industry – helping them meet and exceed regulatory expectations. Senior Analysts are expected to positively contribute to Promontory’s success in a variety of areas, including BSA, anti-money laundering surveillance and reporting assistance, OFAC sanctions compliance, and other areas relevant to today’s heightened regulatory climate.

Senior Analysts must possess excellent writing, research, analytical, and critical thinking skills, and other applicable experience that leads to success in the role, such as strong work ethic and natural curiosity. Senior Analysts must be able to judiciously analyze, assess, and write clearly and concisely. The nature of this work requires individuals to be flexible, learn new skills, work within time constraints, and meet uncompromising quality requirements and production expectations while working closely with others in a dynamic team environment.

Senior Analysts may also serve as a backup and delegate for their Team Lead with up to 20% administrative responsibilities and may also support Quality Assurance activities for their assigned project.

• Serve as a subject matter expert for assigned engagement.
• Apply logic and strong reasoning skills to conduct research for case analysis.
• Use sound decision-making skills to make recommendations based on research results.
• Compose comprehensive supporting narratives
• Interpret and apply project policies and procedures to direct work.
• Maintain high work product quality as outlined by each project specifications.
• Ensure work adheres to defined engagement policies and procedures
• Manage work efficiently to meet production goals and project deliverables.
• Contribute to developing individual and project goals and execute on tactical strategies for goal attainment
• Work collaboratively with Team Lead(s) and Quality Assurance to help drive execution, meet quality and production goals and deadlines.
• As needed, may be asked to provide other project support, including serving as a back-up to Team Leads, assisting in training new team members, reporting and process optimization related activities.
• Model success behaviors, a high-performance work ethic and constant self-improvement. May assist in performing quality assurance reviews of Analyst work product, and deliver neutral, accurate and constructive feedback.
  
  

• 3 to 5 years of prior AML experience REQUIRED. (Alert, Cases, CDD, EDD)
• Compliance experience at a financial institution is STRONGLY PREFERRED.
• Retail banking experience is PREFERRED.
• Demonstrated experience writing SAR/STR narratives and filing SAR/STR’s.
• Exceptional research and processing skills with the ability to analyze large data sets, decipher higher risk attributes (transactional, geographical, product, customer type, etc.), and disposition appropriately.
• Superior writing skills with the ability to convey ideas clearly, succinctly, and efficiently.
• Ability to listen, collect and understand appropriate information; identify the concerns of others.
• Ability to work independently, take initiative, and able to adapt to change.
• Ability to quickly understand and maintain current knowledge of banking regulations, concepts, and issues.
• Adept at multi-tasking and meeting deadlines in high-pressure environment.
• Results oriented team player with strong initiative and flexibility.
• Positively influence others to achieve results that are in the best interest of the organization.
• Able to determine priorities, implement action plans, and evaluate the overall workflow process and results.
• Demonstrate a strong sense of urgency by responding immediately to escalated issues and rapidly changing priorities.
• Exemplary customer service towards both internal and external parties.
• Demonstrated computer software competency, including Microsoft Word and Outlook, is required.
• Highly proficient in Microsoft Excel, with the ability to perform data manipulation and pivot tables, etc.
  
  

• Review alerts generated by client systems for anomalous or potentially suspicious activity
• Review Know Your Customer (KYC) data for the focal client
• Analyze account transaction histories to identify activity indicative of money laundering, terrorist funding, or other potentially unusual or suspicious activity
• Conduct due diligence research on focal party and key counterparties
• Compare research and analysis to alert typology and close or escalate based on the review
  
  

• Review alerts escalated to case and other cases such as Fraud and Legal Orders
• Review Know Your Customer (KYC) data for the focal client(s)
• Conduct multi-year transaction trend analysis
• Analyze large/complex account transaction histories to identify activity indicative of money laundering, terrorist funding, or other potentially unusual or suspicious activity
• Review detailed transaction images to verify and deepen understanding of activity
• Conduct thorough open-source research to verify customer and counterparty details and identify risks
• Send Requests for Information (RFI)s to bank customers to gather details on activity or other gaps
• Conduct additional due diligence research on focal party and key counterparties
• Create detailed case narratives outlining the investigation and reasons for closure or escalation
  
  

• Accurately complete regulatory reporting to be submitted to FinCEN
• Locate and add Subject Information
• Enter descriptions of suspicious activity
• Enter financial institution details & contact information
• Enter a complete, detailed breakdown of the suspicious activity
• Present the SAR to the bank for review prior to submission to FinCEN
  
  

• Review sanctions screening alerts generated by client systems as possible OFAC matches
• Compare customer profile and OFAC match profile details to identify mismatches
• Utilize phonetics, spelling, and knowledge of short names nicknames to support name mismatches
• Utilize client provided Politically Exposed Person (PEP) guidance for close family members to ensure alignment to client policy
• Conduct online research to confirm or clarify mismatch or match data
• Close mismatches or escalate possible true matches with notations on mismatches or matching data
  
  

• Review KYC alerts generated by client systems for new customer or ongoing KYC review/remediation
• Review customer profile details and any KYC gaps
• Review customer documentation for validity, completeness, and any required notary services
• Update customer profile details with incoming data from documentation and KYC questionnaires
  
  

• Pull, aggregate, and reconcile multiple transaction reports
• Validate transactions are truly cash and not processed as cash by bank personnel
• Determine daily cash aggregates per customer exceeding $10,000
• Determine if CTRs were filed by bank personnel and file missing CTRs
  
  

• Review Customer KYC Data, Customer Profile, Account Types, Purpose of Accounts, and Expected Use
• Verify Customer details such as address, SSN, DOB, and other relevant information
• Verify supporting documentation for all profile information
• Determine Source of Wealth and Source of Funds
• Conduct risk assessment and risk rating based on the bank risk methodology
  
  

• Review Customer KYC Data, Customer Profile, Account Types, Purpose of Accounts, and Expected Use
• Verify Customer details such as address, SSN, DOB, and other relevant information
• For entities, conduct beneficial ownership unwrapping
• For entities, determine if proper licenses are held for various specialties
• Conduct thorough open-source searches to validate accuracy of data and risks – including geography
• Verify supporting documentation for all profile information
• Determine Source of Wealth (SOW) and Source of Funds (SOF)
• Verify SOW and SOF are aligned with what is seen in customer transactions
• Conduct risk assessment and risk rating based on the bank risk methodology
  
  

• Undergraduate degree in Business Administration, accounting, finance, or other related discipline; or equivalent combination of education and experience that is required for the specific job level.
• ACAMS Certification is preferred