Anti-Money Laundering Specialist

Retail Business Services is the services company of leading grocery retail group Ahold Delhaize USA, providing services to five East Coast grocery brands: Food Lion, Giant Food, The GIANT Company, Hannaford and Stop & Shop. Retail Business Services leverages the size and scale of the local brands to and provides industry-leading expertise, insights and analytics to local brands to support their strategies. We are committed to diversity, equity and inclusion and we foster a community of belonging where everyone is valued. For more information, visit https://www.retailbusinessservices.com.

Position Summary

This position is part of the Legal team and is responsible for ensuring the Ahold Delhaize US Brands are compliant with relevant laws and regulations pertaining to anti-money laundering compliance filings as defined in the USA Patriot Act/Bank Secrecy Act. The Specialist is the central support for the agent locations (stores) and is responsible for monitoring all money transfer transaction activity –Western Union money transfers and money orders, check cashing, currency exchange, Peapod gift card orders, prepaid/gift cards, and track phones. This includes analyzing the Western Union daily customer transaction detail reports and point of sale transaction data for suspicious activity. Document and file Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) to FinCEN with information pertaining to this activity based upon (1) exceeding specific thresholds and/or for the appearance of structuring and (2) suspected money laundering events occurring at the agent locations. In addition, the Specialist will stay abreast of Financial Crimes Enforcement Network (FinCEN) alerts, Consumer Financial Protection Bureau (CFPB) bulletins and Western Union updates for potential impacts to our business. Additional responsibilities are to manage proper record retention guidelines as mandated by the Bank Secrecy Act (BSA) Laws and Regulations as well as Western Union policy and procedures.  Provide audit support to the stores during Title 31 IRS audits, State Reviews, Western Union Business Reviews and Store Core/Internal Audits.

Principle Duties and Responsibilities

• Analyze customer transactions and subsequent behavioral patterns to monitor and report on suspicious activities within the money service businesses.
• Review all store submitted ‘Suspicious Activity Notifications’ reported by the store via the company intranet.  Research transaction detail utilizing the Western Union Compliance Monitoring Report (CMR) database. Analyze the CMR transactional data to determine structuring, customers using multiple stores, high risk countries, large dollar amounts, etc. (Structuring is a federal crime in which a customer breaks up large transactions into smaller transactions to avoid ID and Record Keeping thresholds.) Proceed with any SAR filings deemed suspicious.
• Accurately and timely file Suspicious Activity Reports (SARs) to FinCEN within 30 days of identifying. Include clear and thorough narratives on why transaction(s) are deemed suspicious.
• Escalate high risk activity with Brand Compliance and Asset Protection for immediate law enforcement action.
• Accurately and timely file Currency Transaction Reports (CTRs) for any single or multiple transaction(s) totaling greater than $10,000 and paid with cash, within 15 days of transaction occurring.
• Monitor and ensure 5-year record retention on filed SAR/CTR filings, money order and prepaid/gift card forms and subsequent supporting documentation. This includes following and maintain an organized approach to proper record retention meeting BSA and Western Union guidelines. Use tracking tools to validate all store supporting documentation is received centrally and tracking sheets are updated to reflect audit performed.
• Email communication to the brand managers making them aware of any missing packets. 
• Create and analyze miscellaneous tracking spreadsheets for Money Services Business (MSB) Items.
• Partner with Asset Protection and law enforcement such as Homeland Security, FBI, DA’s Office, CIA, Postal Inspectors, and local authorities on open investigations and responding to data requests.
• Assist the stores during IRS Title 31 audits, Western Union Business Reviews and HQ examinations.
•  Provide support to stores and Brand Compliance Managers for questions or concerns regarding anti-money laundering policies and procedures.

Basic Qualifications

• Associate's Degree or combination of education and experience
• 2 - 4 years of experience

Preferred Qualifications

• Bachelor's Degree
• Store operational experience/knowledge of money service business services; preferably customer service experience
• Knowledge of anti-money laundering compliance - US Patriot Act/Bank Secrecy Act

Skills and Abilities

• Strong analytical skill and ability to analyze large amounts of electronic data and retain information
• Attention to detail
• Strong written and verbal communication skills
• Strong organizational and prioritization skills
• Ability to maintain confidentiality due to the sensitive nature of this data and reporting requirements
• Advanced Microsoft Excel and Word
• Self-motivated
• Fast paced environment; Ability to work under pressure with tight federally mandated deadlines
• Physical – light to medium lifting related to records retention management

Retail Business Services is an equal opportunity employer. We comply with all applicable federal, state and local laws. Qualified applicants are considered without regard to sex, race, color, ancestry, national origin, citizenship status, religion, age, marital status (including civil unions), military service, veteran status, pregnancy (including childbirth and related medical conditions), genetic information, sexual orientation, gender identity, legally recognized disability, domestic violence victim status or any other characteristic protected by law. We provide reasonable accommodations to applicants and employees with disabilities.

If you have a disability and require assistance in the application process, please contact our Talent Acquisition Department at tad@retailbusinessservices.com>

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