Senior AML Analyst

Job Title: Senior AML Analyst

Location: Beverly Hills, CA; Hybrid (3 Days in-Office, after 90 days in-person)

Status: Full-time; Exempt

Reports to: Chief Compliance Officer

Typical Work Hours: 7:30 a.m. to 4:00 p.m. Monday to Friday

Since 1999, Monex USA has provided corporate clients with the best foreign exchange (FX) and international payment solutions in the industry. Monex USA guides thousands of clients, from a broad spectrum of industry sectors, through the intricacies of the currency markets. Our unique market insight is widely recognized in main-line business media such as The Wall Street Journal, Reuters, Bloomberg, and CNBC. 

Monex USA is looking for a Senior AML Analyst to examine, evaluate, and investigate eligibility for or conformity with laws and regulations governing contract compliance of licenses and permits, support the Regulatory Compliance manager, and perform other compliance and enforcement inspection and analysis activities.

Responsibilities

• Reviews and processes incoming client accounts of all client types
• Reviews and processes accounts requiring EDD
• Performs QC on analyst TM case reviews
• Reviews and evaluates active transaction monitoring cases, and evaluating business rules, as needed
• Performs initial and ongoing client monitoring and screening against sanctions and other blocklists
• Performs QC on analyst TM case reviews
• Receive and manage responses to bank RFIs
• Assists in the investigation of suspicious activity and the drafting of SARs in coordination with the AMLRO
• Assists in the training of new AML analysts as needed
• Responsible for the third-party compliance risk assessments and conducting evaluations of new and existing vendors, partners, and IBs
• Conduct reviews and investigations of suspicious activity, and prepare Suspicious Activity Reports (SARs) in collaboration with the Deputy Money Laundering Reporting Officer (AMLRO)
• Review, approve, and quality-check SARs, EDD reviews, and case files from junior analysts
• Manage new and existing correspondent bank relationships to include onboarding questionnaires and ongoing EDD
• Develops, implements, and updates company-wide processes for stronger internal controls and process flow improvement
• Assists the manager in drafting, implementing and updating company-wide policies and procedures for stronger internal controls and process flow improvement
  
  

Characteristics

• Sees the bigger picture
• Mature and professional
• An excellent verbal and written communicator
• Time management
• Organizational skills
  
  

Required Qualifications

• Bachelor’s Degree in business, economics, political science, or related field
• 4 years experience in the BSA/AML industry
• Experience in automating compliance processes
• Proficient in Microsoft Suite including but not limited to Word, Excel and PowerPoint
• A track record of sound decision-making
  
  

Preferred Qualifications

• Anti-Money Laundering certifications to include CAMS, CSS, etc.
• Relevant work experience at an MSB/PSP
  
  

Compensation:

• The annual salary range is about $125,000 to $135,000 based on experience, with a 10% annual discretionary bonus.
  
  

Benefits:

• Medical insurance
• Dental insurance
• Vision insurance
• Long Term Disability
• Short Term Disability
• AD&D insurance
• Commuter Benefits
• 401K & Roth
• 16 days of PTO
• Pet Insurance
  
  

Monex Inc. is an Equal Opportunity Employer. Diversity is valued and the company will not tolerate any form of discrimination or harassment.