Enterprise Compliance Associate

Financial Crimes Compliance Associate
This role supports the planning for enterprise compliance programs related to financial crimes prevention, to ensure the organization functions are in compliance with all relevant laws and regulations, and to prevent illegal, unethical, or improper business practices within the organization. Working under limited supervision, this role is responsible for monitoring, reviewing and escalating potentially unusual transactions pertaining to the Bank Secrecy and US PATRIOT Acts, as identified through the use of automated monitoring systems. Responsibilities may also include other reporting requirements and analysis as directed by the FIU Sr. Director to include testing and training.
Key Responsibilities and Duties

• Analyzes account activity that appears unusual utilizing TIAA's Suspicious Activity Monitoring tool (Actimize).
• Documents all findings in centralized case management system.
• Recommends a course of action to management based on an analysis of the findings.
• Communicates with the Financial Crimes Compliance Team and management on FIU-related activities and scenarios detected during the suspicious activity monitoring process.
• Assists with training new, less experienced associates on an as needed basis.
• Other duties as assigned, which may include reporting requirements and analysis, testing, and/or training, as directed by leadership.

Educational Requirements

• University (Degree) Preferred

Work Experience

• 2+ Years Required; 3+ Years Preferred

Physical Requirements

• Physical Requirements: Sedentary Work

Career Level
6IC

REQUIRED EXPERIENCE:

• 2+ years of financial crimes experience within the financial services industry (e.g. fraud, AML, KYC, and/or operational risk)

PREFERRED EXPERIENCE:

• 3+ years of financial crimes experience within the financial services industry (e.g. fraud, AML, KYC, and/or operational risk)

• Knowledge of due diligence (CDD) and enhanced due diligence (EDD) standards and requirement

• BS/BA Degree

• Certified Anti Money Laundering Specialist (CAMS) or Certified Fraud Examiner (CFE)

• Experience conducting thorough assessments of high-risk clients to ensure compliance with regulations and detect potential illicit activities.

• Knowledge and understanding of the Know Your Customer (KYC) / AML /Bank Secrecy Act (BSA) /USA PATRIOT Act and OFAC regulatory requirements.

• Association of Certified Anti-Money Laundering Specialists (ACAMS) or Certified Fraud Examiner (CFE)

• Ability to perform comprehensive research and analysis on customer profiles, including business operations, ownership structures, and financial transactions.

• Experience presenting findings to Senior Leaders, regulators, and audit.

• Strong research skills and advanced working knowledge of MS office (Excel, Word, PowerPoint) – Actimize case management system a plus.

• Solid communication skills both written and verbal.

• Solid Analytical skills with the ability to identify anomalies.

• Exhibit an ability to balance multiple, changing priorities in a dynamic and fast-moving working environment.

• Strong interpersonal and relationship skills

ADDITIONAL RESPONSIBILITIES:

• This role is specifically on our EDD Team (Enhanced Due Diligence) and is part of the Financial Intelligence Unit.

• Complete high-quality initial and ongoing due diligence reviews on high-risk customers. 

• Promptly escalate critical or reputational risk matters to the FCC Leadership Team

• Work closely with all lines of businesses to provide high quality services in support of the FCC Program.

• Analyze and interpret data and assessing reasonability as it relates to negative news risk and transactional activity.

• Assist with performing QC/QA reviews on high-risk clients, Politically Exposed Persons, individuals/entities associated with high-risk countries, etc.

#LI-CS1

Related Skills

Adaptability, Automation, Business Acumen, Compliance Program Management, Critical Thinking, Detail-Oriented, Due Diligence, Influence, Innovation, Relationship Management, Risk Monitoring, Strategic Thinking

Anticipated Posting End Date:

2024-11-30

Base Pay Range: $29.30/hr. - $35.54/hr.

Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans). 

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Company Overview

Every worker deserves a secure retirement. For more than 100 years, TIAA has delivered it for millions of people. Founded to help educators retire with dignity, today weʼre a market-leading retirement company fueled by world-class asset management. But weʼre not just another legacy financial services firm. Weʼre fighting harder than ever before for our clients and the many Americans who need us.

Benefits and Total Rewards

The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary.

Equal Opportunity

We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.

Read more about the Equal Opportunity Law here.

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If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team: 

Phone: (800) 842-2755

Email: [email protected]

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