Compliance Analyst

This position is based in the USA. While this is a remote flexible role it is required to reside in this country.

Who we are:

MoneyGram is a customer-centric, digital-first, cross-border money movement network. Through our strong culture of fintech innovation, we’re transforming the way consumers and businesses send and receive money in nearly every country around the world.

Thanks to our cutting-edge platform and strategic partnerships with some of the world’s leading brands, we are helping our millions of customers globally do more with their money through a comprehensive suite of digital and in-person products and services.

This is all made possible by our dedicated and diverse team of professionals around the world. If you’re ready for a career journey filled with exciting opportunities, come aboard and let’s drive the future of payments together at MoneyGram!

The Numbers:

• We serve over 50 million people every year in over 200 countries and territories
• We're a global team of over 2,000 from 36 countries around the world
• We process over $200 billion annually with digital transactions now making up about 50% of our money transfer business
• We’re known for our strong culture globally, demonstrated by:
• “Top Workplaces USA” award winner (three consecutive years in a row!)
• One of the “Best Places to Work” in the Middle East
• Winner of many regional awards, such as “Friendly Workplace in Poland” and “Top Workplace in DFW” by The Dallas Morning News
  
  

What you will contribute:

The Compliance Analyst plays a crucial role by ensuring the business operates in accordance with all legal and regulatory requirements and all group standards relating to anti-money laundering, counter financing of terrorism (AML), and fraud prevention. Additionally, the analyst is responsible for the investigation and identification of questionable activity and to report on such activity as warranted. The Compliance Analyst is expected to stay current with industry trends, fraud type trends, and to understand the operational impact to fraud losses and money laundering. This includes an in-depth knowledge of all regulatory changes and requirements related to the business.

What you’ll do:

• Review and analyze transactional data for potential suspicious activity, including those generated from an alert detection processes, subpoenas and warrants, country/corridor reviews, foreign and domestic agent matters, consumer network cases, negative media reports, as well as other sources as applicable.
• Work effectively with multiple complex data sources and/or technical analytical tools/resources to identify potentially unusual or suspicious activity as defined by AML/BSA regulations, and industry best practices for AML/BSA analysis. This includes (but is not limited to):
• Identifies, researches, and reports suspicious activity.
• Manages the investigative process from initial detection to disposition and filing.
• Thoroughly and timely reviews reports and other investigative leads that potentially identify suspicious activity.
• Formulates and recommends responses to potentially suspicious findings, reports such activity to the appropriate regulatory authorities, and supports MoneyGram’s forward-looking risk-mitigation response.
• Completes all investigation outputs, which may include regulatory filing and other mitigation actions within required service level agreement (SLA) timelines.
• Actively support managers, supervisors, and senior analysts with moderately complex AML/Fraud investigations, while coordinating with team members and other departments to determine the proper course of action in handling potentially suspicious activity as required by applicable global regulatory, law enforcement or, Financial Intelligence Units.
• Write and file Suspicious Activity Reports and apply appropriate risk mitigation measures, while ensuring appropriate documentation of all research and analysis is conducted in accordance with applicable recordkeeping guidelines.
• Liaise with various internal departments as necessary.
• Work and contribute to a team-oriented and collaborative environment to improve the analytical and reporting processes.
• Perform other duties and responsibilities as assigned.
  
  

What we’re looking for:

• Intermediate knowledge of laws applicable to money laundering, including the BSA, USA Patriot act, US Treasury AML guidelines, OFAC requirements, and Suspicious Activity Reporting requirements, and/or global AML/CFT/Fraud laws and regulations preferred.
• Some knowledge of domestic and international high-risk countries, jurisdictions, and corridors of AML/CTF concern, preferred.
• Demonstrate ability to work successfully in a fast pace, highly structured, deadline driven culture.
• Excellent organization, strong time management skills, including the ability to effectively prioritize work assignments with changing priorities.
• Must be a self-starter with strong attention to detail.
• Must be able to work independently or in a team environment under minimum supervision.
• Able to multi-task and complete projects on time.
• Exceptional research and analytical, cross-referencing, and deductive reasoning skills.
• Excellent written and verbal skills necessary to interact and communicate with various levels of internal and external clients, up to and including senior leadership & law enforcement.
• Must be proactive in making process/procedure enhancement suggestions geared toward mitigating risk in an ever-changing regulatory environment.
• Able to communicate effectively with a culturally diverse agent and consumer base.
• Experience working with highly confidential information.
• Capable of sharing knowledge, mentoring, and training other team members.
• Have a solid business knowledge and comprehension of MoneyGram products and services globally.
• Strong sense of ownership and responsibility.
• Must be proficient in Microsoft Office.
  
  

Education and experience:

• BA /BS in business, finance, law enforcement, legal studies, or a related field; may be substituted with equivalent work experience in Financial Services, Law Enforcement, Banking, or a related field.
• Any combination of relevant education and experience and/or related professional designations/certifications in this field is highly desirable.
• 2-5 years' experience in financial compliance investigations, Anti-Money Laundering, Fraud Prevention, or a related field.
• Investigations experience in a Money Service Business preferred.
• 1 year of experience in writing and preparing Suspicious Activity Reports (SARs) or similar in accordance with applicable regulatory requirements preferred.
• CAMS of CFE certification preferred.
  
  

Why you will love working here:

Your future is in your hands.

When you start a career at MoneyGram, you join a talented and motivated team that builds the success of a trusted, global provider of innovative money transfer and payment services.

Here are some reasons it is so easy to love your career with us!

• Flexible Remote First Flexibility
• Generous PTO
• 13 Paid Holidays
• Medical / Dental / Vision Insurance
• Life, Disability and other benefits
• 401K with competitive Employer Match
• Community Service Days
• Generous parental leave
  
  

Salary:

Anticipated Base Pay: $60,000-$76,000 + participation in our annual bonus plan.

Disclaimer:

The salary/pay rate listed is a good faith determination that may be offered to a successful applicant for this position at the time of this job advertisement based on company hiring process and budget for this role and may be modified in the future. Actual compensation may vary from posting based on geographic location, work experience, education and/or skill level.

#HTFUS

Primary Location

United States of America-Texas-Dallas

Work Locations

VIRTUAL EMPLOYEES

Job

Transaction Monitoring

Organization

Compliance

Full-time

Travel

No

Job Posting

Sep 12, 2024, 2:44:29 PM