AML Operations Analyst

Join Barclays as an AML Operations Senior Analyst, where you’ll be part of a team dedicated to combating financial crime, protecting our clients and the broader U.S. financial system. The AML Operations Senior Analyst is responsible for investigating and documenting their review of complex alerts generated by the automated surveillance system or manual alerts originating from various sources including Fraud, Subpoenas and 314(a) inquiries. The Senior analyst will escalate potential suspicious activity to the SAR Escalation team for filing and participate in special projects as needed (e.g. alert remediation efforts). Senior analysts are also expected to provide SME support to junior analysts particularly during new joiner accreditation and assist the Training Academy with development of training material.

To be successful as an AML Analyst, you should have:  

• Experience in Credit Cards, Risk & Control, Compliance, Bank Secrecy Act, Anti-Money Laundering or Lending

• Strong Analytical and Problem-Solving skills

• Ability to multi-task and work under pressure

• Investigative experience and previous experience working on AML Transaction Monitoring team

Some other highly valued skills may include:  

• Previous OFAC/AML transaction monitoring responsibilities & compliance

• Professional BSA or AML certification(s)

• Juris Doctor (JD) / Law experience or background

• Degree in Business, Accounting, Management, Finance, Criminal Justice, Fraud Prevention, or Homeland Security

You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills.

This role is based in Whippany, NJ and Wilmington, DE offices.

Salary for Whippany, NJ:

Minimum Salary: $72,000

Maximum Salary: $85,000

The minimum and maximum salary/rate information above include only base salary or base hourly rate. It does not include any other type of compensation or benefits that may be available.

Barclays employees are eligible for a suite of a competitive and generous employee benefits, including medical, dental and vision coverage, 401(k), life insurance, and other paid leave for qualifying circumstances.

This position is eligible for an incentive award.

Purpose of the role

To support Transaction Monitoring with investigating and reporting suspicious activity to the NCA when necessary. 

Accountabilities

• Support with day-to-day Transaction Monitoring initiatives including, reviewing, investigating and reporting through AML expertise.
• Execution of monitoring checks on customers, transactions, and other activities to identify potential risks and comply with regulatory requirements.
• Management of issues and alerts arising from transition monitoring tests, including the investigation and resolution of each incident.
• Collaboration with teams across the bank to align and integrate Transaction Monitoring processes.
• Identification of areas for improvement and providing recommendations for change in Transaction Monitoring processes.
• Development and implementation of Transaction Monitoring procedures and controls to mitigate risks and maintain operational efficiency.
• Identification of industry trends and developments to implement best practice in Transaction Monitoring Services.
• Participation in projects and initiatives to improve Transaction Monitoring efficiency and effectiveness.

Analyst Expectations

• To perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement.
• Requires in-depth technical knowledge and experience in their assigned area of expertise
• Thorough understanding of the underlying principles and concepts within the area of expertise
• They lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources.
• If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others.
• OR for an individual contributor, they develop technical expertise in work area, acting as an advisor where appropriate.
• Will have an impact on the work of related teams within the area.
• Partner with other functions and business areas.
• Takes responsibility for end results of a team’s operational processing and activities.
• Escalate breaches of policies / procedure appropriately.
• Take responsibility for embedding new policies/ procedures adopted due to risk mitigation.
• Advise and influence decision making within own area of expertise.
• Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct.
• Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function.
• Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Make evaluative judgements based on the analysis of factual information, paying attention to detail.
• Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents.
• Guide and persuade team members and communicate complex / sensitive information.
• Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.