TIAA Bank AML Analyst II in Lewisville, Texas
AML Operations Analyst II
The Anti-Money Laundering Operations Analyst II is part of a function that is primarily responsible for enhanced due diligence with associated Anti Money Laundering (AML) regulation compliance or best practices. Under general supervision, this job contributes to complex screening processes associated with watch list filtering alerts for Office of Foreign Assets Control (OFAC) compliance, Politically Exposed Persons (PEPs), Adverse Media, and other screening efforts to detect potential high risk individuals or activities which can expose the company to regulatory and reputational risk.
Key Responsibilities and Duties
Investigates Know Your Customer (KYC) information by conducting research utilizing available tools, systems, and the Internet to develop a thorough understanding of the client.
Assesses client profile data and transaction activity against complex hits to determine matches and to ensure normal and expected behavior.
Detects, assesses and escalates high risk suspicious activity to AML Management for possible law enforcement and/or regulatory referrals.
Reviews reports of such suspicious transactions and other cash transactions before submitting to management for approval.
Provides guidance to business partners in matters of AML Compliance.
Researches and prepares responses to regulatory agencies, including law enforcement agencies, in view of applicable AML, Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC) and Federal rules and regulations.
Maintains an understanding of AML regulations current money laundering schemes and investigative techniques required to detect illegal or unethical schemes.
- University (Degree) Preferred
- 2+ Years Required; 3+ Years Preferred
- SRC Indicator: NRF
Licenses and Certifications
- Certified Anti-Money Laundering Specialist (CAMS) - Association of Certified Anti Money Laundering Specialists preferred
- Physical Requirements: Sedentary Work
Base Pay Range: $55,100/yr. - $91,900/yr.
Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).
TIAA Bank, a division of TIAA, FSB, provides nationwide banking services to consumer and commercial clients through a variety of channels, including online and mobile applications, as well as its Florida-based financial centers.
TIAA has entered into a definitive agreement to sell TIAA Bank to new investors with extensive experience in financial services, as part of the company’s strategy to refocus on its core retirement business and Nuveen, the company’s asset manager. When the transaction is complete, in 2023, TIAA will retain a non-controlling stake in the bank, demonstrating the company’s confidence in the bank’s future success.
Benefits and Total Rewards
The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary (https://www.tiaa.org/public/pdf/benefits-at-a-glance.pdf) .
We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.
Read more about the Equal Opportunity Law here (https://www.dol.gov/general/topics/posters) .
TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.
If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:
Phone: (800) 842-2755
For Applicants of TIAA, Nuveen and Affiliates residing in US (other than California), click here (https://www.tiaa.org/public/tiaa-nuveen-privacy) .
For Applicants of TIAA, Nuveen and Affiliates residing in California, please click here (https://www.tiaa.org/public/tiaa-nuveen-ca-privacy) .
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TIAA started out over 100 years ago to help ensure teachers could retire with dignity. Today, many people who work at not-for-profits rely on our wide range of financial products and services to support and strengthen their financial well-being.