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AML Investigator-Contract-ASAP-Plano, TX in Plano, TX at Vaco

Date Posted: 7/9/2018

Job Snapshot

  • Employee Type:
  • Location:
    Plano, TX
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
  • Job ID:

Job Description

5 month contract with possbility for extension

AML Sr. Investigator (L2)

The AML Sr. Investigator supports various AML processes, which might include suspicious activity investigations, currency transaction reporting, global sanctions screening, enhanced due diligence or other AML processes. The AML Sr Investigator I will work closely with AML Process Managers to perform other critical functions.


  • Build and maintain awareness of the broader context and implications of the various types of risk affecting the business (e.g., financial, legal, reputation, etc.)
  • Review system generated alerts, assess impact to AML processes, conduct research as required, and document results in written format
  • Write suspicious activity reports, file CTR's, address sanctions alerts, and other applicable AML processes in accordance with regulations and time limitations
  • Provide feedback on alert rule effectiveness and partner with management and analysts to design new rules
  • Provide insight into various commercial banking products and services
  • Handle issues as appropriate for advanced investigation and analysis
  • Support team supervisors in executing certain responsibilities
  • Perform special projects as needed

Basic Qualifications

  • High School Diploma, GED or equivalent certification, or Military experience
  • At least 1 year of fraud, investigative, or compliance experience

Preferred Qualifications

  • Bachelor's degree in Criminal Justice, or Fraud Prevention, or Homeland Security
  • Has an extensive AML background and 2 years' experience working for financial institutions or law enforcement
  • Has performed on a minimum of three AML Remediation Projects over the course of two - three years, and is at or approaching expert level in AML high risk case investigations
  • Has conducted sensitive Transaction Monitoring Case and SAR Level investigations across a variety of product lines (Retail, Commercial, Foreign/Domestic Correspondent Banking, Credit Cards, etc.) involving Wire Transactions, Credit Card Transactions/Payments, Checks, Cash, Non-cash Monetary Instruments, Remote Deposit Capture, and Trade Based Money Laundering
  • 1 year work experience in Enhanced Due Diligence (EDD)

• 2 years fraud, investigative, or compliance experience

Job Requirements

10 Openings!
Payrate: $33/hr
One year contract

Staffing with a large Financial Corporation is a bank holding company specializing in credit cards, auto loans, banking and savings products headquartered in McLean, Virginia.

Key Responsibilities:

The responsibilities include, but are not limited to:
Investigating flagged AML system generated alerts
Investigations of US Dollar Clearing alerts
Identifying suspicious money laundering activity in correspondent banking transactions
Manage complex cases involving matters such as multiple relationship accounts, tiered and multi-faceted transactions; international wires involving Bank designated high risk jurisdictions, and complex structuring schemes
Partner with Bank staff, as necessary, in researching and investigating cases
Prepare investigation notes detailing the method of investigation and relevant findings
Make recommendations for further action to the Line of Business based on investigation
Work with Team Leader to collate metrics and other data as requested
Preparing, and writing SARs as necessary

You will have:
Minimum of a Bachelor’s degree or equivalent work experience
Experience as an AML investigator in a transaction monitoring capacity
Ability to identify, escalate and communicate issues to management in an effective and succinct manner
Effective decision making skills and strong problem solving skills
Strong knowledge of AML laws (USA PATRIOT Act), Regulations (Fed, SEC, FINRA) and their application to the supported products/business lines
Experience with KYC, Due Diligence, and AML a plus
Experienced with Mantas, Norkom and Actimize is preferred
CAMS certification is a plus

You will be:
A good team player with the ability to manage the team’s workload and their own
Strong with interpersonal skills
Strong with knowledge of Microsoft Word, Excel, and PowerPoint
Experienced with knowledge of MS Excel, including pivot tables, macros, filtering, and sorting
Working with knowledge of effective internet search techniques
Excellent with writing and communication skills
Excellent with analytical, judgment, and research skills
Strong with attention to detail and the ability to multitask