Compliance Analyst III
Company: MoneyGram International
Posted on: November 18, 2020
The Compliance Analyst plays a crucial role by ensuring the
business operates in accordance with all legal and regulatory
requirements and all group standards relating to anti-money
laundering, counter financing of terrorism (AML), and fraud
prevention. Additionally, the analyst is responsible for the
investigation and identification of questionable activity and to
report on such activity as warranted. The Compliance Analyst is
expected to stay current with industry trends, fraud type trends,
and to understand the operational impact to fraud losses and money
laundering. This includes an in-depth knowledge of all regulatory
changes and requirements related to the business.
- Review and analyze transactional data for potential suspicious
activity, including those generated from an alert detection
processes, subpoenas and warrants, country/corridor reviews,
foreign and domestic agent matters, consumer network cases,
negative media reports, as well as other sources as
- Work effectively with multiple complex data sources and/or
technical analytical tools/resources to identify potentially
unusual or suspicious activity as defined by AML/BSA regulations,
and industry best practices for AML/BSA analysis. This includes
(but is not limited to):
- Identifies, researches, and reports suspicious
- Manages the investigative process from initial detection to
disposition and filing.
- Thoroughly and timely reviews reports and other investigative
leads that potentially identify suspicious activity.
- Formulates and recommends responses to potentially suspicious
findings, reports such activity to the appropriate regulatory
authorities, and supports MoneyGrams forward-looking
- Completes all investigation outputs, which may include
regulatory filing and other mitigation actions within required
service level agreement (SLA) timelines.
- Actively support managers, supervisors, and senior analysts
with moderately complex AML/Fraud investigations, while
coordinating with team members and other departments to determine
the proper course of action in handling potentially suspicious
activity as required by applicable global regulatory, law
enforcement or, Financial Intelligence Units.
- Write and file Suspicious Activity Reports and apply
appropriate risk mitigation measures, while ensuring appropriate
documentation of all research and analysis is conducted in
accordance with applicable recordkeeping guidelines.
- Liaise with various internal departments as necessary.
- Work and contribute in a team-oriented and collaborative
environment to improve the analytical and reporting
- Perform other duties and responsibilities as assigned.
- BA /BS in business, finance, law enforcement, legal studies, or
a related field; may be substituted with equivalent work experience
in Financial Services, Law Enforcement, Banking, or a related
- Any combination of relevant education and experience and/or
related professional designations/certifications in this field is
- 2-5 years' experience in financial compliance investigations,
Anti-Money Laundering, Fraud Prevention, or a related field.
- Investigations experience in a Money Service Business
- 1 year of experience in writing and preparing Suspicious
Activity Reports (SARs) or similar in accordance with applicable
regulatory requirements preferred.
- CAMS of CFE certification preferred.
- Intermediate knowledge of laws applicable to money laundering,
including the BSA, USA Patriot act, US Treasury AML guidelines,
OFAC requirements, and Suspicious Activity Reporting requirements,
and/or global AML/CFT/Fraud laws and regulations
- Some knowledge of domestic and international high risk
countries, jurisdictions, and corridors of AML/CTF concern,
- Demonstrate ability to work successfully in a fast pace, highly
structured, deadline driven culture.
- Excellent organization, strong time management skills,
including the ability to effectively prioritize work assignments
with changing priorities.
- Must be a self-starter with strong attention to
- Must be able to work independently or in a team environment
under minimum supervision.
- Able to multi-task and complete projects on time.
- Exceptional research and analytical, cross-referencing, and
deductive reasoning skills.
- Excellent written and verbal skills necessary to interact and
communicate with various levels of internal and external clients,
up to and including senior leadership & law enforcement.
- Must be proactive in making process/procedure enhancement
suggestions geared toward mitigating risk in an ever-changing
- Able to communicate effectively with a culturally diverse agent
and consumer base.
- Experience working with highly confidential
- Capable of sharing knowledge, mentoring, and training other
- Have a solid business knowledge and comprehension of MoneyGram
products and services globally.
- Strong sense of ownership and responsibility.
- Must be proficient in Microsoft Office.
Keywords: MoneyGram International, Denton , Compliance Analyst III, Accounting, Auditing , Denton, Texas
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