Job Summary 

Under limited supervision, specialized knowledge and skills in securities and/or banking industry compliance obtained through experience, specialized training, and/or certification are used to monitor and investigate transactions for suspicious activity to ensure compliance with AML rules and regulations. Assists on projects of moderate scope and complexity and serves as a technical advisor to various business lines.  Resolves or recommends solutions to complex problems. Extensive contact with internal customers is required to identify, research, and resolve problems.

Essential Duties and Responsibilities

• Conducting research utilizing available systems, databases, and the internet, consistent with the resolution of investigations.
• Documenting and reporting the investigation findings in the case management system and preparing reports to management as required.
• Perform reviews and analysis utilizing internal and third-party research tools.
• Abide by policies and procedures to ensure compliance with regulations related to money laundering included in the USA PATRIOT Act.
• Mentor colleagues/peers on internal AML policies, rules, and regulations.
• Inform senior management about issues that may involve rule violations or potential liability.
• Maintain currency in laws and regulations pertaining to anti-money laundering compliance.
• Perform other duties and responsibilities as assigned.

Knowledge, Skills, and Abilities:

• Knowledge of Customer Identification, Customer Due Diligence, Enhanced Due Diligence, and other KYC policies and procedures.
• Maintain high quality products.
• Ability to demonstrate customer service while maintaining a culture of risk adherence.
• Concepts, practices, and procedures of securities industry and/or banking compliance reviews.
• Rules and regulations of the USA PATRIOT Act.
• Experience with investigative techniques and report writing.
• Securities industry knowledge and/or financial services industry experience.
• Fundamental investment concepts, practices, and procedures used in the securities industry.
• Principles of banking and finance and securities industry operations.
• Financial markets and products.
• Administering anti-money laundering policies and procedures.
• Planning and scheduling work to meet regulatory organizational, and regulatory requirements.
• Work under pressure on multiple tasks concurrently and meet deadlines in a fast-paced work environment with frequent interruptions and changing priorities.
• Communicate effectively, both orally and in writing.
• Independently research and resolve issues while working across teams to acquire information.
• Provide a high level of customer service.
• Establish and maintain effective professional working relationships at all levels of the organization.
• Handle highly confidential information professionally and with appropriate discretion.
• Maintain currency in anti-money laundering rules and regulations, compliance examination techniques, and best practices.
• CAMS experience preferred but not required.

This is the pay range that Magnit reasonably expects to pay for this position: $23.28/hour - $31.03/hour

Benefits: Medical, Dental, Vision, 401K