Senior Compliance Analyst - AML
Full Time
Saint Petersburg, FL
Posted
Job description
At Franklin Templeton, everything we do is focused on one thing – delivering better client outcomes. We do that by partnering closely with our clients, assessing their strategic needs, and identifying the solution or solutions that can meet the challenge. Over 9,500 employees working in 34 countries around the world are dedicated to servicing investment solutions for our clients in more than 160 countries. For more than 70 years our success has been a direct result of the talent, skills and persistence of our people, and we are looking for qualified candidates to join our team.
What is the Global Compliance group responsible for?
Fiduciary Trust Company International’s (“Fiduciary Trust International or FTI”) Global Compliance Transaction Monitoring Team is responsible to assist in mitigating money laundering, sanctions, and terrorist financing compliance risks facing the company including material loss, financial loss, or loss of reputation, as well as the possibility of regulatory sanctions that face Fiduciary Trust International. The Transaction Monitoring Team currently monitors client transactions conducted through its accounts on a risk basis with a particular emphasis on high-risk products, services, customers, and geographic locations. The Transaction Monitoring Team is also responsible for sanctions screening, 314 a/b compliance, as well as filing Suspicious Activity Reports (SARs).
What is the Senior Compliance Analyst responsible for?
The Senior Compliance Analyst is responsible for monitoring and oversight of Anti-Money Laundering (“AML”) activities to ensure compliance with US AML laws and regulations. The Senior Compliance Analyst will provide compliance support and expertise within established guidelines. Specific responsibilities include resolving AML investigations, completing all processes in connection with Suspicious Activity Reporting (SAR), updating policies and procedures when necessary, training, and executing special projects related to the AML surveillance and monitoring program.
The Senior Compliance Analyst will be familiar with all US laws and regulations with respect to the Bank Secrecy Act, Office of Foreign Assets Control (OFAC), and the USA PATRIOT Act.
In addition, the Senor Compliance Analyst will be the lead on the day to day oversight of FTI’s fraud monitoring solution and engaged with Know Your Transaction (“KYT”) compliance of FTI’s proposed digital currency services (i.e cryptocurrency).
What are the ongoing responsibilities of a Senior Compliance Analyst?
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Conduct AML investigations and perform quality assurance reviews of transaction monitoring investigations completed by staff.
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Responsible for administration of the GIFTS Transaction Monitoring System, FTI’s traditional AML software, as well as Threatmatrix, FTI”s Fraud solution, including ensuring all transactions that require monitoring are set correctly, performing ongoing review of profile settings and making recommendations for changed rules and settings as warranted. Assist with the development and ongoing maintenance of a Model Risk Management Program and ongoing testing of rules and settings.
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Complete all processes related to the filing of Suspicious Activity Reports (SARs).
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Liaise with the Compliance Manager to ensure that KYC policies and risk rating programs are implemented in conjunction with Transaction Monitoring/Fraud programs. Coordinate and perform basic and enhanced due diligence KYC screening on new and existing US and non-US clients.
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Decision potential matches against various regulatory sanctions control lists (including OFAC) and provide guidance, as required, in decision making process.
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Provide regulatory guidance on a case-by-case basis with respect to clients and/or their activity. Ensure that the appropriate due diligence is conducted, and informed decisions are made with respect to such clients and activity.
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Plan, coordinate and direct the Bank Secrecy Act (BSA) functions and related policies, procedures, training and compliance regime. Manage all aspects of the BSA and amendments to include the USA PATRIOT Act and OFAC including transaction monitoring, drafting and filing of Suspicious Activity Reports, OFAC hits as well as 314 a/b coordination and reporting.
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Develop and communicate policies for various businesses with respect to AML including reports, as required. Ensure all management reporting is complete, timely and accurate.
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Prepare and distribute periodically various Management Information Systems (MIS) tracking reports, including open GIFTS or Threatmatrix issues, etc.
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Oversee progress with respect to compliance projects and deliverables assigned to the Transaction Monitoring teams.
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Work with senior management to develop compliance goals and overseeing the business units’ efforts to achieve compliance with such goals.
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Assist with the development of new software tools to assist in the Transaction Monitoring Program/Fraud/Know Your Transaction (KYT) Programs.
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Coordinate and administer AML and fraud training and monitor effectiveness.
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Participate in the Compliance Committee meetings and make presentations to senior management.
What ideal qualifications, skills & experience would help someone to be successful?
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At least 8 years of experience in a transaction monitoring investigative role, preferably in the private banking and wealth management industry.
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Fraud technology, digital custody and Know Your Transaction experience is preferred but no required.
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Comprehensive understanding of AML, OFAC and the USA PATRIOT Act.
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Experience with GIFTS transaction monitoring system or other automated transaction monitoring vendor software.
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Ability to demonstrate critical thinking, decision making, and problem-solving skills.
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Ability to guide and advise business on AML/Bank Secrecy Act(BSA)/OFAC issues.
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Great interpersonal skills.
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Excellent written and verbal communication skills.
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Strong attention to detail and highly organized.
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ACAMS certification a plus but not required.
Compensation Range: Along with base compensation, other compensation is offered such as a discretionary bonus, 401k plan, health insurance, and other perks. There are several factors taken into consideration in making compensation decisions including but not limited to location, job-related knowledge, skills, and experience. At Franklin Templeton, we apply a total reward philosophy where all aspects of compensation and benefits are taken into consideration in determining compensation. We expect the salary for this position to range between $83,000.00 - $110,000.00.
#MID_SENIOR_LEVEL
#REMOTE
What makes Franklin Templeton unique?
In addition to the dynamic and professional environment at Franklin Templeton, we strive to ensure that our employees have access to a competitive and valuable set of
Total Rewards
—the mix of both monetary and non-monetary rewards provided to you in recognition for your time, talents, efforts, and results. .
Highlights of our benefits include:
- Three weeks paid time off the first year
- Medical, dental and vision insurance
- 401(k) Retirement Plan with 85% company match on your pre-tax and/or Roth contributions, up to the IRS limits
- Employee Stock Investment Program
- Tuition Assistance Program
- Purchase of company funds with no sales charge
- Onsite fitness center and recreation center
- Onsite cafeteria
We believe that being a good corporate citizen is good business. To us, corporate citizenship means being accountable, serving our clients, being an employer of choice, managing our environmental impact, and
supporting our communities
. An emphasis on corporate citizenship is embedded in our culture and values, and is an important element of how we achieve success.
We are also committed to your learning and development with resources focused around Experience, Exposure, and Education, to help you achieve your professional development goals.
Franklin Templeton is an Equal Opportunity Employer. We are committed to equal employment opportunity for all applicants and existing employees and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation. We invite you to visit us at
Franklin Templeton Careers
to learn more about our company, career opportunities and recruitment process.
Franklin Templeton is committed to fostering a
diverse and inclusive
environment. If you believe that you need an accommodation to search for, or apply for, one of our positions please send an email to
accommodations@FranklinTempleton.com
. In your email, please include the accommodation you are requesting and the job title and job number you are applying for. It may take up to three business days to receive a response to your request. Please note that only requests for accommodations will receive a response.
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