AML Analyst Job at Tata Consultancy Services, Cincinnati, OH

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  • Tata Consultancy Services
  • Cincinnati, OH

Job Description

TCS, a global leader in IT services, consulting, and business solutions, leverages technology for business transformation and helps catalyze change.

AML Analyst

Key job responsibilities:

- Reviewing alerts: Analyzing AML alerts generated in FCRM, and look for the specific AML alerts category (potential red flags) like - structuring, high-risk high-volume transaction, change in behavior, etc.

- Review the alerted activity and 30 days of recent activity on the account including appropriate research to explain why the activity is performed.

- Customer profile checks: Verifying customer information against existing records to understand the legitimacy of transactions and the customer's expected activity.

- Basic investigation: Conducting initial research using internal systems and external data sources to gather information about the transaction, parties involved, and potential risks.

- Review the alerted activity and 30 days of recent activity on the account including appropriate research to explain why the activity is performed.

- Alert disposition: Deciding whether to close an alert as non-suspicious with no further action recommended escalate it to a higher level for more robust & thorough investigations

- Documentation: Record their findings and rationale for the decision made on the alert in a specific format provided with FCRM update

- Compliance adherence: Ensuring all reviews are conducted in accordance with established AML policies, regulations, and internal procedures.

Key Skills:

- Basic understanding of AML regulations: Familiarity with Bank Secrecy Act (BSA), OFAC sanctions, and other relevant anti-money laundering laws.

- Analytical skills: Ability to identify patterns, analyze complex data, and draw logical conclusions from available information.

- Attention to detail: High level of accuracy when reviewing transactions and documenting findings and recommend action with detailed rationale.

- Investigative skills: Capability to gather and assess information from various sources to support decision-making

- Basic knowledge of financial products and services: Understanding different types of transactions, customer profiles, and potential red flags associated with various financial activities

TCS Employee Benefits Summary:

• Discretionary Annual Incentive.

• Comprehensive Medical Coverage: Medical & Health, Dental & Vision, Disability Planning & Insurance, Pet Insurance Plans.

• Family Support: Maternal & Parental Leaves.

• Insurance Options: Auto & Home Insurance, Identity Theft Protection.

• Convenience & Professional Growth: Commuter Benefits & Certification & Training Reimbursement.

• Time Off: Vacation, Time Off, Sick Leave & Holidays.

• Legal & Financial Assistance: Legal Assistance, 401K Plan, Performance Bonus, College Fund, Student Loan Refinancing.

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Job Tags

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