Audit Analyst Job at The Ash Group, Denver, CO

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  • The Ash Group
  • Denver, CO

Job Description

6 month contract

Location: Denver CO Hybrid

Pay up to $36/hr.

Our Compliance Analyst supports the bank’s Anti-Money Laundering (AML) program, including handling Know Your Customer (KYC) and Beneficial Ownership processes. Performs customer transaction monitoring across all products and services to identify suspicious activity requiring a Suspicious Activity Report (SAR).

Essential Duties and Responsibilities:

The essential functions include, but are not limited to:

• Processes new customer KYC applications.

• Reviews the accuracy of the customer’s AML Risk Score, prepared by noncredit services or the relationship manager, and makes revisions as appropriate.

• Assists in validating prepared and/or updated AML Risk Scores to ensure that they are correct and in accordance with bank requirements. Updates existing AML Risk Scores based on customers’ foreign wire activity observed during transaction monitoring.

• Assesses Beneficial Ownership documents and handles requests for additional information.

• Conducts research and validation of entity data using appropriate internal and external data sources, including legal name, address, entity type, and ownership verification.

• Performs customer transaction monitoring across all products and services to identify suspicious activity requiring a Suspicious Activity Report (SAR).

• Assists in performing periodic audits of new customer records to ensure all appropriate customer identity verification and KYC information has been collected and stored and that any advanced due diligence requirements based on the AML Risk Score have been addressed and documented.

• Assists in reviewing and recommending improvements for internal processes, including forms/checklists, data collection methods, analyses, and reporting.

• Assists in updating Compliance Program documentation.

• Participates in special projects and performs other duties as assigned.

Basic Qualifications:

• Bachelor’s degree in accounting, finance, business, criminology, politics, economic crime management, forensic accounting, law, or

• Three (3) years of experience, preferably in banking or financial services, compliance or risk management, or an appropriate combination of education and experience.

• Displays a high level of professionalism and integrity as expected of the role.

Job Tags

Contract work,

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