Job Summary 

Under limited supervision, the Anti-Money Laundering (AML) and Financial Crimes Management (FCM) Quality Control Senior Analyst is responsible for reviewing the quality and accuracy of Fraud Investigations and Reporting (FIR) work product. This role involves a critical attention to detail and will also be accountable for generating periodic reports (metrics) that will be utilized by the AML/FCM Senior Management team in order to analyze quality trends and patterns.  May handle projects of moderate scope and complexity.

Essential Duties and Responsibilities:

• Conduct continuing reviews of FIR alert and case investigations, including narratives, dispositions, and supporting documentation related to decisions to ensure all reviewed cases meet established quality standards.
• Verify the FIR Investigators performed the appropriate levels of review for each case, to include client/subject and transactional analysis.
• Confirm the disposition of FIR investigations relating to fraud scenarios, internal/external referrals, and 90 day re-monitors.
• Ensure that all cases are closed/filed in accordance with internal Service Level Agreements (SLA) and the securities and/or banking industry’s regulatory requirements.
• Provide written and verbal feedback/training to the Investigators.
• Prepare reports for the AML/FCM Quality Control Manager and Senior Management.
• Assist with special projects.
• Maintain and update written procedures for assigned job responsibilities.
• Function as a subject matter expert on Fraud-related issues and provide mentoring as needed.
• Escalate and articulate relevant risks to the appropriate stakeholders.
• Identify opportunities for increased effectiveness, efficiency, and risk mitigation. 

Knowledge, Skills, and Abilities:

• Bachelor’s Degree (B.A.) from a four-year college or university in a related field and three to five years of experience in compliance in the securities or banking industry with a focus in AML activities.
• ACFE, or equivalent, preferred.

Advanced knowledge of:

• Concepts, practices, and procedures of securities industry and/or banking compliance reviews.
• Rules and regulations of the USA PATRIOT Act, the Bank Secrecy Act, and other AML-related regulations, rules, or guidance.
• Fundamental investment concepts, practices, and procedures used in the securities industry.
• Principles of banking and finance and securities industry operations.
• Financial markets and products. 

Skill in:

• Administering FIR policies and procedures. 
• Analyzing activity documentation to identify irregular transactions. 
• Planning and scheduling work to comply with regulatory organizational and regulatory requirements.
• Identifying and applying appropriate compliance monitoring procedures and tests.
• Preparing oral and/or written reports. 
• Investigating compliance issues and irregularities.
• Making rule-based and analytical decisions.
• Operating standard office equipment and using required software applications.
• Communicating clearly and effectively, both orally and in writing.
• Providing feedback to the FIR unit.

Ability to:

• Identify problems, collect data, establish facts, and draw valid conclusions.
• Research and analyze large amounts of data, interpret higher risk attributes (transactional, geographical, product/service, customer type, etc.), and validate case dispositions appropriately.
• Provide mentoring, training, and review of work to the Analysts.
• Rely on knowledge and judgment to plan and attain assigned tasks and goals.
• Focus on speed and set the appropriated urgencies without compromising accuracy.
• Establish and maintain effective working relationships at all levels of the organization.
• Maintain confidentiality.
• Stay current in AML/FCM rules and regulations and compliance examination techniques and best practices.

This is the pay range that Magnit reasonably expects to pay for this position: $31.03/hour - $41.38/hour

Benefits: Medical, Dental, Vision, 401K