Process Associate

Job Family:

GIC Process (India)

Travel Required:

None

Clearance Required:

None

What You Will Do:

• Investigates suspicious activity as required under the Bank Secrecy Act and USA PATRIOT Act, focusing on counterfeit and fraudulent check activity, suspicious lockbox activity, and related AML/BSA issues.
• Responsible for the drafting of Suspicious Activity Reports (SARs), documenting decisions not to file SARs, and editing colleagues' SAR submissions.
• Researches and analyses account activity (focusing on counterfeit and fraudulent check activity, and related AML/BSA issues), including open source information (e.g., Internet and Lexis), closed source databases, and internal client information and account transaction databases.
• Compiles information and documents from a variety of sources to draft SAR reports. Analyses transaction data, research findings, and information received from the business and/or from the end customer or client, to ascertain whether transaction activity is suspicious or has a reasonable explanation, and/or whether fraud is suspected.
• Looks for linkages across suspicious activities, assessing whether the activity is isolated or part of a larger issue.
• Identifies and resolves discrepant information.
• Synthesizes large volumes of data which defines the baseline against which suspicious or reportable instances will be tested.
• Evaluates and reports on findings to management or senior colleagues.
• Effectively communicates and interacts with our check-processing and lockbox lines of business, compliance, risk, and other shared services functions internally.
• Cooperates effectively with other lines of business or risk/compliance to obtain additional information or documentation relevant to assessing whether activity is suspicious or fraudulent.
• Collaborates with reviewing lawyers on their investigations and successfully implements and responds to recommendations/feedback.
• Through regular interaction and collaboration, understands the functions of the   organization ‘s financial intelligence units and how the units work together in order to meet the organization ‘s obligations under applicable laws and regulatory expectations.

What You Will Need:

• Must be a graduate or postgraduate from a recognised university.
• Minimum 1 year of experience assessing and reviewing system generated and manual AML alerts for potentially suspicious activity.
• Experience working on reviewing SAR escalations or other risk-based public records and open-source research review.
• Working knowledge of risk assessment, reviewing suspicious activities.
• Working knowledge of public records and open-source research.
• Experience working at MNCs in global processes in Financial Services or Regulatory compliance.
• Experience working for financial institutions, such as banks (preferably global), NBFCs, or other Financial Institutions.
• Experience working in a Global AML-CDD/EDD/KYC/Transaction Monitoring or other Banking/Financial Services or Financial Services Regulatory compliance processes.
• Solid Excel skills.
• Effective oral and written communication skills.
• Bachelor’s degree from an accredited college/university is preferred

What Would Be Nice To Have:

• Knowledge of Global AML-KYC policy
• Prior experience working on CDD, EDD, Transaction monitoring, Sanctions process for US banks or financial institutions.

What We Offer:

Guidehouse offers a comprehensive, total rewards package that includes competitive compensation and a flexible benefits package that reflects our commitment to creating a diverse and supportive workplace.

About Guidehouse

Guidehouse is an Equal Opportunity Employer–Protected Veterans, Individuals with Disabilities or any other basis protected by law, ordinance, or regulation.

Guidehouse will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of applicable law or ordinance including the Fair Chance Ordinance of Los Angeles and San Francisco.

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