AML Compliance Senior Specialist

The role:

The AML Compliance Senior Specialist will be responsible for conducting independent reviews and analysis of possible suspicious activity to ensure compliance with the Bank Secrecy Act and the USA PATRIOT Act. The AML Compliance Senior Specialist will conduct thorough research and document their analysis and conclusions within the SoFi case management system to support their investigations and dispositions and will be responsible for filing SARs if the facts and circumstances support it.

What you’ll do:

• Conduct AML investigations to evaluate whether AML risks derived from alerts and cases generated from manual and automated transaction monitoring alerts/cases are risk-relevant and may warrant a SAR filing to be prepared. Ensure alert and case determinations are appropriate, fully supported, clearly documented.


• Conduct Continuing Activity Reviews based on previously SARs filed and determine whether a subsequent filing is appropriate based on facts and circumstances. 


• Conduct investigations related to 314(a) matches, 314(b) requests and law enforcement inquiries as necessary


• Maintain a thorough comprehension of AML typologies related to retail banking and wealth management.


• Conduct research utilizing available systems, databases, and the internet, consistent with the resolution of investigations.

What you’ll need:

• Bachelor’s Degree from a four-year college or university in a related field.


• 3-5 years of experience in the finance industry focusing on AML transaction monitoring. 


• Demonstrated ability to communicate effectively with all levels of the organization and across different business lines. 


• Excellent working knowledge of BSA/AML laws and regulations relative to money laundering and terrorist financing and the ability to apply this knowledge in assessing transaction activity.


• Experience with AML transaction monitoring systems.


• Administering anti-money laundering policies and procedures.


• Excellent organizational, verbal, written and interpersonal skills are required. 


• Must be able to multitask, adapt well to changing priorities and effectively prioritize workflow to meet critical deadlines.


• Ability to work in a fast-paced, demanding, and changing environment; must work well under pressure.


• Excellent analytical skills required

Nice to have:

• CAMS certification preferred (or willingness to become certified within one year of start date).