Analysis Skills, Backend as a Service (BaaS), Certified Financial Examiner (CFE), Communication Skills, Conferences, Federal Laws and Regulations, Interpersonal Skills, Know Your Customer (KYC), Leadership, Legal, Maintain Compliance, Money Laundering, Multitasking, Onboarding, Problem Solving Skills, Procedure Development, Quality Control, Realtime Transport Protocol, Regulations, Regulatory Compliance, Regulatory Reports, Reporting Skills, Risk, State Laws and Regulations, Team Player, Time Management, Transaction Processing/Management, Webinar
POSITION SUMMARY:
This role reports to a senior AML Payments leader and will play a critical part in supporting the bank's FinTech partnership programs by monitoring payments, ensuring regulatory compliance with BSA/AML/CTF regulations, OFAC, fraud prevention, and payments regulations, with specific focus on payment flows, transaction monitoring, ledger activity, and FinTech partner oversight.
ESSENTIAL FUNCTIONS AND RESPONSIBILITIES:
We're seeking a skilled professional with proven experience in AML, BSA, CTF, and OFAC regulatory compliance.
- Monitor and clear alerts related to payments activity within AML, fraud, and transaction monitoring systems.
- Conduct investigations on suspicious payments activity and manage cases within the AML platform.
- Prepare regulatory reports (SARs) and payment-related OFAC reports as required.
- Clear OFAC sanctions alerts related to payments, customers, and counterparties.
- Conduct EDDs on high-risk customers and FinTech partners.
- Perform quality control reviews on FinTech programs and ensure timely reporting/escalation of non-compliance per established procedures.
- Assist with onboarding reviews of FinTech BaaS and LaaS programs.
- Conduct QC reviews of BSA processes, including alerts, OFAC screening, 314(a), sanctioned countries, Section 311 Special Measures, and SARs.
- Assist with legal notices.
- Attend industry seminars, webinars, and conferences to stay current on regulatory changes and trends.
- Perform other duties as assigned by BSA leadership.
KNOWLEDGE, SKILLS AND ABILITIES:
- Financial crimes investigations.
- Strong understanding of payments operations and payment rails (ACH, wires, cards, RTP, digital wallets).
- Superior analytical and critical thinking skills.
- Hands-on experience with day-to-day AML/BSA/OFAC and fraud operations.
- Knowledge of federal and state regulations, including evolving payments-related requirements.
- Ability to convey complex subjects clearly to varied audiences.
- Excellent communication and interpersonal skills.
- Self-starter, problem solver, able to multi-task and deliver results.
- Comfortable working independently while remaining a strong team player.
EDUCATION/EXPERIENCE:
High school diploma or equivalent work experience required.
Required experience: 3+ years.
PREFERRED QUALIFICATIONS:
- 3+ years of relevant experience.
- Experience with transaction monitoring platforms, KYC/KYB.
- Experience with FinTech partnership programs.
- Comfortable adapting to a dynamic, fast-paced environment.
- CAMS or CFE preferred, or willingness to pursue certification.
P
Phaxis LLC
We stand for PERSEVERANCE, as we refuse to quit when the journey gets tough. Your gold is our mission, and we search day and night to find it.
50 to 99 employees
Staffing/Employment Agencies