Governance Controls - Wealth Supervision - AMLFraud Risk Analyst
Governance Controls - Wealth Supervision - AMLFraud Risk Analyst
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1 Vacancy
Job Description
The position is described below. If you want to apply click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application youll be invited to create a profile which will let you see your application status and any communications. If you already have a profile with us you can log in to check status.
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Regular or Temporary:
RegularLanguage Fluency: English (Required)
Work Shift:
1st shift (United States of America)Please review the following job description:
Responsible for of endtoend suspicious activity investigation and reporting process which entails timely monitoring identification investigation and when appropriate; reporting of suspicious financial and/or fraudulent activity to include money laundering financing fraud and/or any other financial risk or crime. Leverage automated transaction monitoring rules and reports and conduct other processes designed to identify activity potentially indicative of criminal behavior. Investigates potentially suspicious financial activity and when appropriate file Unusual Financial Observations (UFOs) to Truist Financial Crimes Program Management for review and reporting.Responsible for integration with governance and the completion of tasks and projects to mitigate fraud risk within the business unit. Work closely with internal departments to ensure current processes and procedures continue to align and serve the needs of the business and seek opportunities to further develop processes and create efficiencies. Monitor operational and regulatory changes for impacts to the business and pursue solutions to challenges presented by those impacts.
ESSENTIAL DUTIES AND RESPONSIBILTIES
Following is a summary of the essential functions for this job. Other duties may be performed both major and minor which are not mentioned below. Specific activities may change from time to time.
Analyze customer transaction activity to ascertain legitimacy of the business and the business transactions ensuring that the transaction activity is commensurate with the nature of the business entity and historical patterns. Communicate with Relationship Managers branch associates and others as needed to gather additional client information.
Analyze and track escalations of elder concerns. Connect with Advisors and Supervisors as needed to discover root cause and further escalate as appropriate.
Analyze and track other escalations of potential fraud from all sources include teammate concerns privacy concerns negative news alerts and teammate escalations. Connect with Advisors and Supervisors as needed to discover root cause and further escalate as appropriate.
Conduct and monitor negative news screening.
Assist with International client onboarding.
Act as subject matter experts for Unusual Financial Observation filings. Liaise with AML Officer as necessary.
Conduct regular reporting on fraud escalations.
Maintain a strong knowledge of all applicable current and proposed regulations including FINRA 1918 Red Flags monitoring Bank Secrecy Act (BSA)/AntiMoney Laundering (AML) laws and regulations and FINRA notices on elder fraud.
QUALIFICATIONS
Required Qualifications:
The requirements listed below are representative of the knowledge skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Bachelors degree
A minimum of 7 years of industry experience in a financial institution with emphasis in operations supervision and/or risk management
FINRA Series 24
Knowledge of retail financial institutions with emphasis in operations supervision compliance and/ or risk management
Knowledge of securities markets and the retail brokerage business
Knowledge of regulatory environment
Strong analytical skills and experience working with data and reporting
Strong written and oral communication skills
Detail oriented and able to work independently while juggling multiple priorities
Preferred Qualifications:
FINRA Series 7 and/or 66
7 to 9 years of business experience in retail brokerage with an emphasis in operations supervision compliance and/ or risk management
Bachelors degree in business accounting finance banking or equivalent education and related training
Banking or Investment securities experience
SQL and/or advanced MS Excel skills
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits though eligibility for specific benefits may be determined by the division of Truist offering the position.Truist offers medical dental vision life insurance disability accidental death and dismemberment taxpreferred savings accounts and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by fulltime or parttime status) during their first year of employment along with 10 sick days (also prorated) and paid holidays. For more details on Truists generous benefit plans please visit our Benefits site. Depending on the position and division this job may also be eligible for Truists defined benefit pension plan restricted stock units and/or a deferred compensation plan. As you advance through the hiring process you will also learn more about the specific benefits available for any nontemporary position for which you apply based on fulltime or parttime status position and division of work.
Truist is an Equal Opportunity Employer that does not discriminate on the basis of race gender color religion citizenship or national origin age sexual orientation gender identity disability veteran status or other classification protected by law. Truist is a Drug Free Workplace.
EEO is the LawPay Transparency Nondiscrimination Provision EVerify
Required Experience:
IC
Employment Type
Full-Time
