Transaction Monitoring Intern

Purpose of the role

Our Transaction Monitoring Specialist team is responsible for protecting Worldline from financial and reputational losses incurred by financial crimes by assessing controlling and mitigating risks. Risk types related to Anti-Financial Crime are consolidated in a comprehensive risk management framework that covers Anti-Money-Laundering Sanctions & Embargoes Anti-Bribery & Corruption as well as Anti-Fraud & Investigations. You will partner with external agencies and regulatory bodies.

The candidate will preferably have a relevant experience in AML transaction monitoring within financial institutions.

Deliverables / Tasks

The Transaction Monitoring Specialist is responsible for covering WorldlinesAnti-Money Laundering Transaction Monitoring programs. This role is directly responsible for the Bank Secrecy Act (BSA) /Anti Money Laundering (AML) function with full accountability for timely analysis documentation and follow-up. The Transaction Monitoring Specialist ischarged with covering Worldline anti-money laundering (AML) activities including:

• Reviewing alerts through the AML software and identifying reportable transactions and ensuring timely accurate filing of all required reports including Suspicious Activity Reports (SARs) Suspicious Transaction Reports (STRs) and Currency Transaction Reports (CTRs) Unusual Activity Reports.
• Identifying patterns and trends consistent with money laundering and terrorist financing and flag any suspicious activities detected
• Resolving potential risk issues by conducting research and analysis on escalations from business groups and other compliance functions to determine if they are for a valid business purpose.
• Handling research related to Office Foreign Assets Control (OFAC) updates Financial Crimes Enforcement Network (FinCEN) requests Bank Secrecy Act (BSA) Regulations Department of Commerce Denial Orders Unusual Activity Report information subpoenas and other requests from Legal/Compliance Divisions.
• Assisting in the further development and improvement of the tool
• Keeping accurate records and logging all work to ensure stakeholders have all necessary information available in a timely manner.
• Confirming potential AML and terrorist financing cases for referral to the relevant authorities / Financial Intelligence Unit (FIU) for pattern analysis.
• Escalating issues as appropriate for advanced investigation and analysis
• Identifying and analyzing customers and accounts for suspicious/unusual activity and compile complete accurate documentation of the suspicious activity
• Making recommendations to file or not file suspicious activity reports as appropriate; ensure complete documentation is secured and maintained as required by law
• Ensuring that deadlines for all BSA/AML related report submissions are met
• Maintaining proficiency in all aspects of BSA/AML compliance and staying current with money laundering and terrorist financing behaviors issues policies regulations criminal typologies industry best practices and developing trends
• Further identifying and developing departmental processes and procedures
• Liaising with technology in the event of production issues software updates and during testing and implementation of changes to the AML monitoring platform and tools

Your Qualities

For this function we need a talented individual with both good analytical and technical skills and the ability to communicate effectively. As candidate you match following requirements:

• Minimum bachelor degree or equivalent
• AML monitoring knowledge and/or experience
• Knowledge of BSA AML USA Patriot Act OFAC PSDII and other relevant regulations is a plus
• Self-motivated and able to thrive in a team environment
• Ability to manage multiple tasks and adapt to changing priorities
• Excellent investigative and analytical skills
• Fluent in English. Any additional language is a plus