Fraud & Anti-Money Laundering Specialist

About Netchex

We’re Netchex - the fastest growing Payroll, Human Resource, Time and Attendance, and Benefits services company in America. We give HR professionals time to work on what drives their businesses forward by providing efficient tools and quality personal service. We tackle big challenges, take pride in our work, and learn early and often so we can delight our clients with solutions that solve their problems every day.

Job Overview

Netchex is seeking a highly motivated and detail-oriented Fraud & AML Specialist to join our team and play a key role in safeguarding our organization from financial crime. Join our team and be part of our commitment to financial crime prevention!

Key Responsibilities:

Transaction Monitoring and Investigations:

• • Conduct daily transaction monitoring to identify suspicious activities indicative of fraud or money laundering/terrorist financing.
  • Utilize transaction monitoring software to screen transactions against internal and government-issued sanctions lists.
  • Investigate flagged transactions by gathering and analyzing relevant customer information and activity.
  • Prepare comprehensive reports documenting investigation findings and rationale for decisions.

SAR Filing:

• • Draft and file Suspicious Activity Reports (SARs) to FinCEN in accordance with regulatory guidelines.
  • Articulate red flags and suspicious activity patterns within the SAR narrative.
  • Maintain a detailed record of all SAR filings and related documentation.
  • Liaise with law enforcement when necessary to provide additional information on suspicious activities.

Compliance and Controls:

• • Maintain a thorough understanding of Anti-Money Laundering (AML), Know Your Customer (KYC), and Fraud prevention regulations.
  • Stay up to date on emerging trends and typologies in fraud, money laundering, and terrorist financing.
  • Contribute to the ongoing development and improvement of AML/Fraud policies and procedures.
  • Collaborate with internal teams (compliance, operations) to ensure effective implementation of AML/Fraud controls.

Additional tasks:

• • Assist with customer onboarding and KYC processes to mitigate fraud risk.
  • Escalate high-risk scenarios to the appropriate teams for further investigation.
  • Provide training and guidance to internal staff on fraud and AML awareness.

Qualifications

• • Bachelor's degree in finance, compliance, or a related field (or equivalent experience).
  • Minimum 1-3 years of experience in transaction monitoring, AML investigations, or a similar role.
  • Strong analytical skills with the ability to identify patterns and anomalies in transaction data.
  • Excellent communication and interpersonal skills to collaborate effectively with various teams.
  • Proficient in Microsoft Office Suite and AML/Fraud investigation software.
  • A keen eye for detail and the ability to work independently while maintaining accuracy.
  • ACAMS /ACFE certified or similar

Why Join Netchex?

• Innovative Environment: Dynamic and cutting-edge HR and payroll technology.
• Career Growth: Continuous learning and development opportunities in the Fraud & AML field.
• Collaborative Culture: Supportive team valuing creativity and teamwork.
• Impactful Work: Contribute to a vital function that safeguards the organization's financial integrity.
• Comprehensive Benefits: Competitive salaries, great benefits, and work-life balance.
• Cutting-Edge Tools: Work with the latest technology to drive growth and efficiency

Join our team and be part of our commitment to financial crime prevention!