Job Description
Job Description Purpose of the role To support Transaction Monitoring with investigating and reporting suspicious activity to the NCA when necessary.
Accountabilities - Support with day-to-day Transaction Monitoring initiatives including, reviewing, investigating and reporting through AML expertise.
- Execution of monitoring checks on customers, transactions, and other activities to identify potential risks and comply with regulatory requirements.
- Management of issues and alerts arising from transition monitoring tests, including the investigation and resolution of each incident.
- Collaboration with teams across the bank to align and integrate Transaction Monitoring processes.
- Identification of areas for improvement and providing recommendations for change in Transaction Monitoring processes.
- Development and implementation of Transaction Monitoring procedures and controls to mitigate risks and maintain operational efficiency.
- Identification of industry trends and developments to implement best practice in Transaction Monitoring Services.
- Participation in projects and initiatives to improve Transaction Monitoring efficiency and effectiveness.
Analyst Expectations - Execute work requirements as identified in processes and procedures, collaborating with and impacting on the work of closely related teams.
- Check work of colleagues within team to meet internal and stakeholder requirements.
- Provide specialist advice and support pertaining to own work area.
- Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct.
- Maintain and continually build an understanding of how all teams in area contribute to the objectives of the broader sub-function, delivering impact on the work of collaborating teams.
- Continually develop awareness of the underlying principles and concepts on which the work within the area of responsibility is based, building upon administrative / operational expertise.
- Make judgements based on practise and previous experience.
- Assess the validity and applicability of previous or similar experiences and evaluate options under circumstances that are not covered by procedures.
- Communicate sensitive or difficult information to customers in areas related specifically to customer advice or day to day administrative requirements.
- Build relationships with stakeholders/ customers to identify and address their needs.
All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship - our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset - to Empower, Challenge and Drive - the operating manual for how we behave.
Come join us as an AML Analyst, work closely and coordinate efforts with AML operations team leaders to help ensure critical functions are fulfilled timely and accurately. This is an exciting opportunity to showcase your prior knowledge and experience in Transaction Monitoring, Credit Cards, Risk & Control and Compliance.
To be a successful AML Analyst, you should have experience with:
Suspicious Activity Reports (SAR)
Politically Exposed Persons (PEP)
Fraud investigation techniques
Bank Secrecy Act (BSA)
KYC, CDD, EDD Research
AML/BSA Certifications preferred
You may be assessed on key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen, strategic thinking and digital and technology, as well as job-specific technical skills.
This role is located in Whippany, New Jersey Barclays
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