What are the responsibilities and job description for the Transaction Monitoring Analyst position at Rabobank?
Our Organization:
Rabo Diversified Services LLC ("RDS") is part of Rabobank, a global financial services leader providing wholesale, rural and retail banking services in more than 40 countries worldwide. Founded by Dutch farmers over a century ago, Rabobank remains true to our core mission: to create value for our customers, our employees, and the local communities where we do business. Rabobank today is one of the world’s largest banks with over $650 billion in assets. In North America, Rabobank is a premier financial institution providing services across the food and agriculture value chain. RDS’s support functions champion over 1,300 employees throughout Rabo AgriFinance and Rabobank North America Wholesale, companion Rabobank subsidiaries.
Job Overview/Purpose:
The AML Transaction Monitoring Analyst helps to detect fraudulent activity, suspicious/illegal behaviors and patterns as well as assists in projects focused on preventing and detecting financial crime.
Key Responsibilities and Accountabilities:
Conduct reviews of alerts related to client/transaction activity generated by the automated transaction monitoring system, manual reports or internal referrals.
Escalate potentially suspicious activity to the Transaction Monitoring Manager.
Review and investigate transaction patterns utilizing the transaction monitoring tool, internal Customer Due Diligence tool and third party sources.
Assist with the validation of the transaction monitoring system or any updates required.
Document investigation steps performed, recommend cases for SAR/No SAR decisions and document the rationale for the ultimate decision reached.
Review potential matches against various regulatory watch lists and conduct additional research to ascertain validity of matches.
Review sanctions alert escalations in order to determine if potentially suspicious activity exists.
Conduct research using internal and external sources to help determine potential suspicious activity and disposition adverse news.
Write SARs for the Transaction Monitoring Manager and BSA Officer review.
Where appropriate, facilitate Requests for Information (“RFIs”) with the Front Office in the investigation of transaction monitoring cases.
Create, update and maintain a case file which documents all information used in an investigation.
Perform USPA 314(a) searches.
Respond and remediate issues identified by the Quality Assurance team.
Respond to payment referrals to clear any potential hits to OFAC and other Sanctions list
Assist the AML Compliance team in areas outside of regularly assigned duties as is deemed necessary.
Comply with all US laws, rules and regulations, including without limitation, AML and OFAC/Sanctions requirements and the reporting of suspicious activity (and all related policies, procedures and guidelines), as well as the following Rabobank Policies and Standards:
Anti-Bribery and Corruption Policy
Anti-Money Laundering Policy
Clean Desk Policy
Code of Conduct
Complaint and Whistleblower Protection Policy
Conflicts of Interest Policy
Gift and Entertainment Policy
Outside Interest Policy (Including Outside Business Activities and Private Investments)
Personal Investment Policy
Required Absence from Sensitive Position Policy
Sanctions Policy
World Wide Compliance Standards
Employee Policy Manual
Transaction Monitoring policies and Procedures
Training Standards
Risk
Complete all mandatory training
Comply with code of conduct and Bank policies/ procedures
Actively identify incidents outside of established policies and procedures and report to management immediately
Must be familiar with and comply with laws, regulations and internal policies and procedures that are applicable to required job duties.
Understands and complies with all RAF and Rabobank anti-money laundering, compliance, and all other applicable laws.
Culture and Values
Actively and consistently demonstrate Rabobank’s Cultural Practices
Job Skills and Knowledge:
Essential:
Knowledgeable of the laws applicable to money laundering, including the Bank Secrecy Act, the USA PATRIOT act, US Treasury AML guidelines, OFAC requirements, and Suspicious Activity Reporting requirements
Microsoft Office Suite (Word, PowerPoint, XL, Outlook)
Transaction Monitoring experience on an investigative tool such as NetReveal, Mantas, Actimize/Fortent/Searchspace
Understanding of banking and financial services, including an understanding of the various types of products, services, and transactions that are typical for the Branch
Analytical/Investigative skills to determine unusual or possible suspicious activity regarding transaction or account activities
Ability to interact with all levels of management
Individual must be a self-starter with the ability to handle multiple tasks at one time
Strong organizational skills
Strong verbal and written communication skills required
Highly motivated and inquisitive
Good analytical/investigative skills
Problem solving
Desirable:
Experience with and understanding of capital markets, lending, and trade finance products
Proficiency in a foreign language
Qualifications:
Essential:
1-3 years of BSA/AML and Sanctions experience and prior work experience at a financial institution, law firm, regulatory agency, professional services firm, or similar work environment
Desirable:
Bachelor’s Degree
Professional certifications including e.g., Certified Anti-Money Laundering Specialist (“CAMS”), Certified Fraud Examiner (“CFE”) or Certified Internal Auditor (“CIA”)
We Offer:
With healthcare and insurance costs on the rise, Rabo Diversified Services employees enjoy a first-class benefits package, featuring a selection of medical coverage and investment options to meet your personal needs. Our benefits program includes:
Medical
Dental
Vision
Health care spending account
Dependent care spending account
Basic life insurance plus AD&D insurance
Optional life insurance
Short-term disability
Long-term disability
401(k) program
Health and wellness seminars
Tuition reimbursement
Rabo provides equal opportunity in employment to all employees and applicants and does not discriminate on the basis of race, color, creed, religion, national origin, ancestry, alienage or citizenship status, age, sex, sexual orientation, gender identity, gender expression, marital status, genetic information, medical condition, physical or mental disability, pregnancy, childbirth or related medical condition, military service or veteran status, victims of domestic violence, or any other basis protected by applicable law. Rabo also prohibits harassment of any individuals on any of the bases listed above.
Consistent with this policy, Rabo embraces diversity and welcomes employees and applicants of all backgrounds. Our goal is to create an environment that is inclusive, drawing upon the strengths of the diversity of our workforce to exceed the expectations of our clients and customers.
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