About the Role
Responsible for performing independent reviews and analysis of possible suspicious activity to ensure compliance with the Bank Secrecy Act, the USA Patriot Act and the Office of Foreign Assets & Control. Provides research and evaluation of anti-money laundering (AML) alerts and cases and accurately and sufficiently documents analysis and findings within LendingClub case management system. Additionally, may complete defined tasks to support the creation of Suspicious Activity Reports (SAR) and other relevant documentation related to non-SAR filing decisions. Direct responsibility for quality and integrity of research and analysis completed and documented in SAR forms or within various database. Recommends course of action for most events but may seek guidance from a manager or higher-level investigator when analysis identifies unusual or uncommon situations.
Conduct periodic watchlist screening on clients and is responsible to review watchlist alerts and escalate true matches to senior management. Must remain objective with alert dispositioning and actively engaged in tracking and compiling; research, exception processing, data entry, record keeping, and/or data maintenance and avoid inherent conflicts of interest that may hinder an effective compliance program.
Perform enhanced due diligence on high risk customers and provides findings to management to evaluate potential risk. This position typically serves as an entry level AML Investigator.
What You'll Do
Performs AML & watchlist alert and case review including research to determine whether suspicious activity exists. Works within established performance timeframes and in accordance with quality standards set forth within the procedures. Researches and evaluates AML & Sanctions risks for alerts and cases involving transactions sourced to the automated AML detection and Watchlist screening system. Ensures alert and case determinations are appropriate, fully supported, and clearly documented.
Maintains effective working relationships with key business partners to obtain and validate client information. Maintains the ability to provide good customer service. Requires close working relationships with business partners. Department support, as assigned.
Minimum of 1 to 3 years direct work experience in AML risk analysis or equivalent with related experience in other areas of banking, FinTech and preferably in the financial services industry.
Excellent organizational, verbal, written, and interpersonal skills are required.
Must be able to multi-task, adapt well to changing priorities, and effectively prioritize workflow to meet critical deadlines.
Ability to work in a fast-paced, demanding, and changing environment; must work well under pressure.
Good analytical skills required.
Basic working knowledge of AML/BSA & OFAC laws and regulations relative to money laundering, terrorist financing, Sanctions and the ability to apply this knowledge in assessing transaction activity; knowledge of monitoring of high risk customer accounts is preferred.
CAMS certification is desirable.
LendingClub is an equal opportunity employer and dedicated to diversity and inclusion in the workplace. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender identity, sexual orientation, age, marital status, pregnancy status, veteran status, or disability status. We believe that a variety of perspectives will make our teams and business stronger as we work together to transform the traditional banking system.