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Anti-Money Laundering Compliance Analyst

Location:

Lowell - Massachusetts - USA

Function:

Professional Services and Consulting

Ref #:

2019003274
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Description

Kronos’ Workforce Ready team delivers payroll settlement services to small-medium size businesses throughout the United States. This position is responsible for ensuring that Kronos meets both its required internal policy and external regulatory Know Your Customer (KYC) and Transaction Monitoring requirements set forth in the Anti-Money Laundering Policy. The AML Compliance Analyst will be responsible for performing daily KYC and Transaction Monitoring activities.

• Demonstrate knowledge of the Bank Secrecy Act (BSA), USA PATRIOT Act, Anti Money Laundering (AML) and Customer Identification Program (CIP)
• Conduct Know Your Customer Program research including Customer Identification Procedures (CIP) and Customer Due Diligence (CDD)
• As an individual contributor, conduct AML processes with cross functional stakeholders, to allow Kronos to adhere to compliance with the requirements of the Kronos KYC/CIP policy and procedures
• Utilize AML program knowledge with cross functional stakeholders to ensure Kronos adheres to compliance with KYC/CIP policy and procedures
• Demonstrate an understanding of payroll processing, payroll operations and associated business risks related to placement of funds to illegally launder money
• With great attention to detail, identify, investigate and document suspicious activities and report outcomes in accordance with Kronos Policy and external regulatory requirements as necessary
• Identify, investigate and document suspicious activities within Suspicious Activity Reports
• Evaluate system reports and research risks associated with Politically Exposed People (PEP)
• Maintain compliance with OFAC requirements, policies, procedures and practices for various risk ranked customer profiles
• Demonstrates advanced knowledge of payroll production, analytics and output reports as they pertain to KYC and CIP risks
• Coordinate with peer transaction monitoring, fraud and training analysts to escalate risks identified in the AML program to management

Qualifications

• BA/BS Degree in Finance, Accounting or Information Technology or equivalent experience in the financial or technology sector as a KYC/CIP analyst supporting an AML program
• Experience using software tools that perform KYC/CIP functions that achieve BSA/AML regulations a plus
• Ability to understand and solve complex problems in a fast paced, time sensitive environment
• Time management, oral, written, and interpersonal communication skills
• Ability to communicate complex information to non-financial users
• Desire to seek specialized training in Anti Money Laundering through continuing professional education i.e. Certified AML Specialist, Fraud Examiner, Financial Crimes Specialist, other applicable industry related designation preferred

Corporate overview

You’re empowered when you’re a Kronite. 

Want to be part of an elite group of highly skilled professionals? We think our employees are a special group of talented, energetic, and innovative people. And for that reason, we refer to ourselves as Kronites. Kronites care about more than just work. We recognize the need to maintain a healthy work-life balance – to live inspired. In fact, it’s expected! You’ll soon learn that we take work and fun seriously. No matter what position you hold at Kronos, you’re a Kronite. And we want you to feel like you have the power to make a difference in your life and the lives of others, at work and beyond. Want to learn more about our culture? Follow us on Twitter @work4kronos. #MyWorkInspired

Kronos is a global provider of workforce management and human capital management cloud solutions. Kronos’ industry-specific workforce applications are purpose built for businesses, healthcare providers, educational institutions and government agencies of all sizes. Tens of thousands of organizations – including half of the Fortune 1000® - and more than 40 million people in over 100 countries use Kronos every day. 

EEO Statement

Kronos is proud to be an equal opportunity employer and is committed to maintaining a diverse and inclusive work environment. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, physical or mental disability, age, or veteran status or any other basis protected by federal, state, or local law.