Our client a well known Insurance Company is seeking a Compliance Analyst in their New York, New York Location
Reporting & Documentation
- Maintain accurate case files and audit trails.
- Assist in drafting Suspicious Activity Reports (SARs).
- Support ad hoc compliance reviews and inquiries.
Cross-Department Collaboration
- Partner with Legal, Risk, and Business Units to clarify account activity and resolve escalations.
Provide compliance guidance and support AML awareness efforts.
Transaction Monitoring
- Review and investigate alerts for suspicious activity.
- Identify patterns related to money laundering, fraud, or terrorist financing.
- Document findings and escalate as needed.
Qualifications
- Bachelor’s degree in Finance, Criminal Justice, Business, Economics, or related field (or equivalent experience).
- Strong analytical, research, and problem-solving skills.
- Attention to detail and ability to manage large data sets.
- Effective written and verbal communication.
- Proficiency in Microsoft Office (Excel, Word, Outlook).
- Prior internship or coursework in AML, compliance, or financial services preferred.
- Screen customers, vendors, and transactions against OFAC and other sanctions lists.
- Investigate potential matches and escalate confirmed hits.
- Review account documentation for OFAC compliance.
- Maintain awareness of OFAC rules and enforcement actions.
- Prepare reports and maintain case files.
