Senior Aml Compliance Analyst
Current• Cross-Functional Collaboration: Partner with engineering, legal, product, and risk strategy teams to build fundamental framework of risk teams from 2 to 25 members to identify, assess, and mitigate risk within the FinTech sector in a start-up environment.• Identify Areas for Improvement: Conducting a thorough analysis of our existing procedures and workflows to maximize efficiency. This includes gathering feedback from team members, reviewing performance metrics, and identifying bottlenecks or inefficiencies that were impacting productivity.• Standardizing Procedures: Develop standardized procedures and documentation to ensure consistency and clarity in our workflows. This included creating step-by-step guides, checklists, and templates that employees could easily follow, reducing variability and enhancing overall efficiency. • Audit Support: Collaborate with auditors by providing documentation and evidence of our transaction monitoring efforts and providing a walk-through of our AML tools such as Alessa and GIACT. This includes maintaining detailed records of all flagged transactions, investigations, and actions taken.• Defining and Updating Rules: Update the rules and parameters used by the monitoring systems. This involves setting thresholds for transaction amounts, frequencies, and patterns that could indicate suspicious behavior. I also ensure that these rules are aligned with the latest regulatory requirements and industry best practices.• Monitoring and Reporting Trends: Analyze the submitted SARs to identify any emerging trends or patterns in suspicious activities and if required escalating with dispute teams to understand new trends. • Risk Assessment: Evaluate the findings from the investigation to determine whether the transaction is indeed suspicious. This includes factors such as the nature of the transaction, the behavior of the involved parties, and any patterns that may indicate illegal activities.
