What does a successful Compliance Specialist FCC AML do?
The AML Compliance Specialist will be a compliance professional within Fiserv’s Financial Crimes Compliance Team working from New Jersey’s largest Fintech hub in Fiserv’s brand new 400,000-square-foot facility. This role requires knowledge of the current regulatory landscape and compliance requirements prescribed by the Bank Secrecy Act (BSA) and other applicable Anti-Money Laundering (AML) laws and statutes as they relate to non-depository financial institutions. This role will be part of a diverse team of AML analysts who are responsible for conducting investigations of potentially suspicious activity, conducting the on-boarding of high-risk clients, and completing the required periodic client reviews.
What You Will Do
- In this role, you will synthesize large amounts of complex information, transactional or otherwise, to identify potential money laundering, terrorist financing, or other suspicious activity and determines the next courses of action including, when warranted, drafting suspicious activity reports (SARs) and/or currency transaction reports (CTRs) prior to submission.
- You will utilize your analytical skills to support in-depth investigations using both internal and external tools to arrive at, and thoroughly document, sound risk-based conclusions.
- In this role you will effectively communicate conclusions in person and through other channels while maintaining a consistent, methodical approach in a highly regulated and deadline-driven environment.
What You Will Need To Have
- 2 +years of experience involving financial crimes investigations within a Fintech, money services business, or financial institution
- Demonstrated analytical and research skills using investigative techniques including transaction analysis, evidence gathering, and pattern recognition
- Consistent approach to research and analytics, and the ability to thoroughly and concisely articulate conclusions reached
- Ability to interpret and clearly communicate complex payment patterns and document accordingly
- Detailed analytical and research skills including use of online research tools and report writing
- Working knowledge of applicable laws, regulations, and guidelines (e.g., BSA, OFAC, NACHA, Payment Network rules and regulations)
- Ability to provide authoritative and consultative guidance and support to management related to business needs, including proactively anticipating and coordinating technological needs based on regulatory changes
- CAMS, CFE, CRCM or equivalent
- Bachelors degree
- Ability to travel up to 10%
What Would Be Nice To Have
- Master’s Degree or JD
- Clear, concise communication style (written and verbal); demonstrates engaged listening skills; able to maintain composure in a fast-paced, highly structured, time-sensitive environment
- Proven organizational and time management skills resulting in ability to manage numerous projects simultaneously
- Experience with financial crimes compliance systems, technologies, and processes, especially AML transaction monitoring typologies and rules