ORS Partners

  • Transaction Monitoring Associate

    Job Locations US-CT-New Haven
    Posted Date 4 weeks ago(4 weeks ago)
    Client & Job Location : Address
    115 Munson St
    Client & Job Location : Postal Code
    Job ID
    # of Openings
    Regular Full-Time
  • Overview




    • Review alerts generated from the AML monitoring system and analyze questionable activity detected, as well as determine if an inquiry and/or investigation is warranted.
    • Conduct in-depth research into customer accounts, properly document findings to ascertain if activity is reasonable with the purpose of account.
    • Thoroughly document findings by preparing reports in a manner that is clear and comprehensible to BSA supervisors/managers, internal auditors and regulatory examiners.
    • Review new accounts and/or customer profile updates, which are verified against Office of Foreign Assets Control (OFAC) lists through the OFAC system.
    • Ability to proactively identify compliance risks, evaluate corporate operations for regulatory issues and develop and/or refine existing processes, to ensure that Company’s exposure to compliance failures and related fines and penalties are minimized.
    • Report all findings to manager.
    • Exercise discretion in setting priorities, identifying accounts that require further investigation and taking action to obtain the information required.
    • Perform any other assignments as directed by manager.
    • Participate in all team meetings.
    • Actively assist in special projects that are both system related or involve special investigations.
    • Assist with other areas of the department (Customer Verification) as needed.


    • Bachelor's degree required.
    • Minimum of 1-3 years of directly related work experience in banking BSA/AML compliance
    • Certificates, licenses, registrations: None but CAMS is a plus
    • Candidate must have an understanding of back office bank processing for all deposit products.
    • Thorough knowledge of USA PATRIOT Act, Bank Secrecy Act, OFAC and other related deposit banking rules and regulations
    • Successful experience in performing analysis of compliance practices and procedures.
    • Excellent analytical and communication skills
    • Should be a self-starter and organized; able to work independently, without supervision; able to solve problems and offer solutions.


    About BankMobile 


    Established in 2015, BankMobile is a division of Customers Bank and America’s largest and fastest growing mobile-first bank offering checking and savings accounts. BankMobile provides an alternative banking experience to the traditional model and is focused on technology, innovation, easy-to-use products and education with the mission of being “customer-obsessed” and creating “customers for life.” The disruptive, multi-partner distribution model, known as “Bank-as-a-Service,” created by the executive team enables BankMobile to acquire customers at higher volumes and substantially lower expense than traditional banks. Its low-cost operating model enables it to provide low-cost banking services to low/middle-income Americans who have been left behind by the high-fee model of “traditional” banks. Today, BankMobile provides its “Bank-as-a-Service” platform to colleges and universities and currently serves nearly two million account-holders at 800 campuses (covering one out of every three students in the U.S.). BankMobile is operating as the digital banking division of Customers Bank, which is a Federal Reserve regulated and FDIC-insured commercial bank. For more information, please visit: www.bankmobile.com.


    BankMobile, a division of Customers Bank, will provide consideration for employment to qualified applicants without regard to their race, color, religion, national origin, sex, protected veteran status or disability.


    BankMobile, a division of Customers Bank. Member FDIC - Equal Housing Lender - All Rights Reserved


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