AML Analyst at Tata Consultancy Services Houston, TX

AML Analyst job at Tata Consultancy Services. Houston, TX. TCS, a global leader in IT services, consulting, and business solutions, leverages technology for business transformation and helps catalyze change.

• Reviewing alerts:
  Analyzing AML alerts generated in FCRM, and look for the specific AML alerts category (potential red flags) like - structuring, high-risk high-volume transaction, change in behavior, etc.
• Review the alerted activity and 30 days of recent activity on the account including appropriate research to explain why the activity is performed.
• Customer profile checks:
  Verifying customer information against existing records to understand the legitimacy of transactions and the customer's expected activity.
• Basic investigation:
  Conducting initial research using internal systems and external data sources to gather information about the transaction, parties involved, and potential risks.
• Review the alerted activity and 30 days of recent activity on the account including appropriate research to explain why the activity is performed.
• Alert disposition:
  Deciding whether to close an alert as non-suspicious with no further action recommended escape it to a higher level for more robust & thorough investigations
• Documentation:
  Record their findings and rationale for the decision made on the alert in a specific format provided with FCRM update
• Compliance adherence:
  Ensuring all reviews are conducted in accordance with established AML policies, regulations, and internal procedures.

• Basic understanding of AML regulations:
  Familiarity with Bank Secrecy Act (BSA), OFAC sanctions, and other relevant anti-money laundering laws.
• Analytical skills:
  Ability to identify patterns, analyze complex data, and draw logical conclusions from available information.
• Attention to detail:
  High level of accuracy when reviewing transactions and documenting findings and recommend action with detailed rationale.
• Investigative skills:
  Capability to gather and assess information from various sources to support decision-making
• Basic knowledge of financial products and services:
  Understanding different types of transactions, customer profiles, and potential red flags associated with various financial activities

• Discretionary Annual Incentive.
• Comprehensive Medical Coverage:
  Medical & Health, Dental & Vision, Disability Planning & Insurance, Pet Insurance Plans.
• Family Support:
  Maternal & Parental Leaves.
• Insurance Options:
  Auto & Home Insurance, Identity Theft Protection.
• Convenience & Professional Growth:
  Commuter Benefits & Certification & Training Reimbursement.
• Time Off:
  Vacation, Time Off, Sick Leave & Holidays.
• Legal & Financial Assistance:
  Legal Assistance, 401K Plan, Performance Bonus, College Fund, Student Loan Refinancing.

Salary: $55,000 - $80,000 per year