Operations Consultant- Aml/compliance - Denville, United States - Financial Industry Technical Services Inc.

Description

• Develop and implement AML policies and procedures in accordance with regulatory requirements and industry standards.
• Conduct risk assessments and ongoing monitoring of client transactions to detect and prevent money laundering activities.
• Collaborate with internal stakeholders, including legal, risk management, and compliance teams, to ensure alignment with regulatory requirements and company policies.
• Stay informed about changes in AML regulations and industry trends, and proactively adapt policies and procedures accordingly.
• Demonstrates profound comprehension of Customer Identification Programs (CIP).
• Oversee the Customer Due Diligence (CDD) process, verification, and ongoing monitoring to ensure compliance with AML regulations.
• Serve as a trusted advisor to clients, offering expert guidance on compliance matters and assisting with regulatory inquiries or audits.
• Maintain accurate records and documentation related to AML compliance activities, including suspicious activity reports (SARs) and compliance audits.

• Minimum of 5+ years of experience in financial services, with a focus on AML compliance and risk management.
• Strong understanding of AML regulations, including the Bank Secrecy Act (BSA), USA PATRIOT Act, and OFAC sanctions requirements.
• Excellent analytical skills with the ability to identify patterns and trends in financial data.
• Effective communication and interpersonal skills, with the ability to collaborate crossfunctionally and build relationships with clients and colleagues.
• Detailoriented mindset with a commitment to accuracy and compliance.
• Proficiency in relevant software and tools, such as AML monitoring systems and financial analysis software.
• Demonstrated ability to work independently and prioritize tasks in a fastpaced environment.
• Ethical conduct and integrity in handling sensitive information and maintaining confidentiality.
• Knowledge of the LexisNexis platform is a plus.
• Financial Industry Technical Services, Inc. DBA FITS Consulting, is an equal opportunity employer and values diversity in the workplace. We encourage individuals from all backgrounds to apply.