Anti-Money-Laundering (AML) Specialist in MInneapolis at Signature Consultants

Date Posted: 9/28/2020

Job Snapshot

  • Location:
  • Job Type:
  • Experience:
    Up to 5 year(s)
  • Date Posted:
  • Job ID:

Job Description

Anti-Money-Laundering (AML) Specialist Summary:

Signature Consultants is seeking an AML Specialist for a 6-month contract opportunity with a client in Minneapolis, MN. We are unable to sponsor or transfer visas at this time. The team is based out of Minneapolis and will require being on site on the first day, and then will be remote. The team may return on site in the future and all team members will be expected to be on site.

Recent College Grads with financial or investigtive backgorund encouraged to apply!

Job Functions:

  • Responsible for fulfilling the Anti-Money-Laundering/Bank Secrecy Act requirements through identification and investigation of suspicious activity.
  • Specialist generally responsible for the investigation of system generated alerts associated with customer account transactions.
  • Evaluates and analyzes the information uncovered during the investigation make a recommendation whether the alert warrants action.
  • Assist with the workflow, documentation and case management process.
  • Analyze customer account transactions to detect unusual activity and make decisions on appropriate action to take.
  • Document and make recommendations that support decisions.
  • Work cooperatively with business line to establish procedures for identifying suspicious customer transactions, specific to money laundering, including the proper method for reporting such activity to the anti-money-laundering group.
  • Provide guidance, support, and recommendations to business lines regarding customer AML risk ratings and account activity.
  • Based on the outcome of the investigation, analyze and determine whether or not the case warrants a further review that may result in a Suspicious Activity Report (SARs) filing.
  • Work cooperatively with U.S. Bank internal departments to obtain and analyze necessary information related to the investigation.
  • Assist with departmental tracking and reporting and prepare investigation reports for management.
  • Assist in implementation of AML/BSA detection and prevention methods, such as training and instruction manuals.
  • Support any special projects or critical casework.
  • Actively participates in any required corporate and business line training in these areas. Follows account opening procedures and understands and follows internal suspicious activity referral requirements and processes, as required for this position.

Required Qualifications:

  • Bachelor's Degree with a cumulative GPA of 3.2 or higher
  • Basic understanding of Bank Secrecy Act (BSA)/AML laws and regulations
  • Proficient computer skills, especially Microsoft Office applications (Excel, Word)
  • Excellent communication skills - both verbal and written
  • Displays positive attitude and high aptitude for learning and growth
  • Extracurricular activities during college
  • Knowledge of Anti Money Laundering, Bank Secrecy Act, US Patriot Act is a plus
  • Research
  • Analytic Ability
  • Writing
  • Time management

About Signature Consultants, LLC

Headquartered in Fort Lauderdale, Florida, Signature Consultants was established in 1997 with a singular focus: to provide clients and consultants with superior staffing solutions. For the ninth consecutive year, Signature was voted as one of the "Best Staffing Firms to Work For" and is now the 14th largest IT staffing firm in the United States (source: Staffing Industry Analysts). With 28 locations throughout North America, Signature annually deploys thousands of consultants to support, run, and manage their clients' technology needs. Signature offers IT staffing, consulting, managed solutions, and direct placement services. For more information on the company, please visit Signature Consultants is the parent company to Hunter Hollis and Madison Gunn.