RESPONSIBILITIES:
Kforce has a client in Chicago, IL that is seeking an AML Analyst who will be joining the Second Line AML team focusing on sanctions & compliance, reviewing client names and transactions to ensure they fall within the regulatory requirements of both the US and Canada. This role is directly involved in identification and mitigation of AML risk for all US Lines of Business. Penalties for non-compliance related to OFAC offense are severe.
Responsibilities:
* Make decisions on sanctions related line of business referrals including wire payments, international ACH transactions (IAT's) and client onboarding
* Conduct thorough investigations of possible OFAC risks, including research, interviews, data collection, and compilation of evidence to support findings; Ensure thorough and complete documentation of all information found throughout the investigation, developing and maintaining account files in a manner that will ensure compliance with the AML due diligence operating and regulatory directives and procedures
* Research and analyze options for compliance with regulatory requirements; Collaborate with Sanctions team to define and recommend possible solutions/actions to mitigate identified risks; Ensure problem escalation, mitigation and preventative measures are consistent with regulatory and corporate requirements
* Provide input into the development of training aids/materials based on gaps identified through interaction with Lines of Business
* Provide ongoing assistance through due diligence in clearing OFAC potential matches
REQUIREMENTS:
* Associate or Bachelor's degree
* 2-3 years of banking experience in AML investigation
* Strong knowledge and understanding of OFAC, BSA/AML, and USA PATRIOT Act and risk management principles
* Strong oral and written communication skills
* Sound analytical, problem solving and organizational skills
* Working knowledge of client database and/or transactional sanctions screening processes
* Working knowledge of Bank operating environment and applicable systems and Microsoft Office Suite
* Previous experience with Safe Banking Systems, Bridger, Thompson Reuters is nice to have
The pay range is the lowest to highest compensation we reasonably in good faith believe we would pay at posting for this role. We may ultimately pay more or less than this range. Employee pay is based on factors like relevant education, qualifications, certifications, experience, skills, seniority, location, performance, union contract and business needs. This range may be modified in the future.
We offer comprehensive benefits including medical/dental/vision insurance, HSA, FSA, 401(k), and life, disability & ADD insurance to eligible employees. Salaried personnel receive paid time off. Hourly employees are not eligible for paid time off unless required by law. Hourly employees on a Service Contract Act project are eligible for paid sick leave.
Note: Pay is not considered compensation until it is earned, vested and determinable. The amount and availability of any compensation remains in Kforce's sole discretion unless and until paid and may be modified in its discretion consistent with the law.
This job is not eligible for bonuses, incentives or commissions.
Kforce is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.