SoFi is looking to ensure compliance with the Bank Secrecy Act and the USA PATRIOT Act by conducting independent reviews and analysis of possible suspicious activity.
Requirements
- 3-5 years of experience in the finance industry focusing on AML transaction monitoring
- Excellent working knowledge of BSA/AML laws and regulations relative to money laundering and terrorist financing and the ability to apply this knowledge in assessing transaction activity
- Experience with AML transaction monitoring systems
- Administering anti-money laundering policies and procedures.
- Excellent analytical skills required
- CAMS certification preferred (or willingness to become certified within one year of start date)
Responsibilities
- Conduct AML investigations to evaluate whether AML risks derived from alerts and cases generated from manual and automated transaction monitoring alerts/cases are risk-relevant and may warrant a SAR filing to be prepared.
- Ensure alert and case determinations are appropriate, fully supported, clearly documented
- Conduct Continuing Activity Reviews based on previously SARs filed and determine whether a subsequent filing is appropriate based on facts and circumstances
- Conduct investigations related to 314(a) matches, 314(b) requests and law enforcement inquiries as necessary
- Maintain a thorough comprehension of AML typologies related to retail banking and wealth management
- Conduct research utilizing available systems, databases, and the internet, consistent with the resolution of investigations
Other
- Bachelor’s Degree from a four-year college or university in a related field
- Demonstrated ability to communicate effectively with all levels of the organization and across different business lines
- Excellent organizational, verbal, written and interpersonal skills are required
- Must be able to multitask, adapt well to changing priorities and effectively prioritize workflow to meet critical deadlines
- Ability to work in a fast-paced, demanding, and changing environment; must work well under pressure
