Title: Financial Crimes Specialist

Location:

St. Louis, MO

Glen Allen, VA

Duration: 6 months

Benefits on offer for this contract position: Health Insurance, Life insurance, 401K and Voluntary Benefits

Summary:

Participate in complex initiatives and identify opportunity for process improvements within scope of responsibilities. Perform risk assessment and modeling to provide input and recommendations for financial crimes strategies and models. Evaluate the adequacy and effectiveness of policies, procedures, processes and internal controls. Conduct data and onsite reviews, review findings, determine risk level and recommend fraud prevention strategies. Review and assess business, operational, or technical assignments or challenges that require research, evaluation, and selection of alternatives, and exercise independent judgment to guide medium risk deliverables. Perform investigative research, root cause evaluation and consulting regarding complex financial crimes transactions, policy violations and suspicious situations with moderate to high risk. Perform detailed examination to detect transactional and relationship patterns, trends, anomalies and schemes across multiple businesses or products. Act as an escalation point for more complex cases. Present recommendations for resolving more complex situations and exercise independent judgment while developing full knowledge proficiency in the function, policies, procedures and compliance requirements. Take action on control failures in bank processes and procedures. Represent organization in handling court appearances, depositions, mediations, and arbitrations. Collaborate and consult with associates on all levels. Lead, participate in and provide support for projects and initiatives. Provide input to development and delivery of a wide range of individual education for financial crimes awareness. Prepare documentation and refer cases for Suspicious Activity, Identity Theft Operations and Suspected Financial Abuse, reports to government agencies and makes recommendations to management.

Responsibilities:

• Assisting with the exiting of customers due to AML/BSA concerns
• Researching and responding to referrals related to client and activity concerns
• Providing guidance, advice, support and expertise to WIM’s financial crimes program teams and WIM business units on various BSA/AML/OFAC risks and/or trends identified during the execution of day-to-day duties
• Assisting with the execution of ad-hoc projects
• Consult and provide support to interpret policies, guidelines and governance programs
• Support business in execution of reporting processes and controls
• Exercise independent judgment to guide medium risk deliverables
• Aggregate, evaluate and report results and escalate where necessary
• Present recommendations for resolving more complex situations and exercise independent judgment while developing expertise in the due diligence function, policies, procedures and compliance requirements
• Collaborate and consult with peers, colleagues, managers and internal and external customers to resolve issues and achieve goals

Qualifications:

• Due Diligence experience, or equivalent (including risk management, client service, operations support, or business process management) demonstrated through one or a combination of the following: work experience, training, military experience, education
• Intermediate Microsoft Office skills
• Excellent verbal, written, and interpersonal communication skills
• Strong analytical skills with high attention to detail and accuracy
• Ability to interact with all levels of an organization
• Ability to take initiative and work independently with minimal supervision in a structured environment
• Certified Anti Money Laundering Specialist (CAMS) (Preferred)
• Certified Fraud Examiner (CFE) (Preferred)
• Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) experience (Preferred)