AML Surveillance Associate (Legal)

General Department Description

The Financial Crimes Compliance Team manages financial crimes related legal and compliance risk in the United States for Mizuho Americas LLC, the U.S. bank holding company for Mizuho Financial Group. The Financial Crimes Compliance Team is divided in the BSA/AML Compliance Team and the OFAC Compliance Team.

Summary

The FIU / AML Surveillance Associate role will be responsible for in depth AML case investigations, filing SARs, conducting ongoing testing of transaction monitoring processes and controls against internal policies and procedures as well as against applicable regulatory requirements, customer profiling and 314 (a) & (b) as well as any other responsibilities related to the BSA/AML Compliance Team's function.

Principal Duties and Responsibilities

Primary responsibilities of the role include:

• Perform in depth AML case monitoring which includes investigating customer transactions under applicable anti-money laundering and anti-terrorist financing laws and present cases to senior management accordingly.
• Present cases to the SAR Committee and draft Suspicious Activity Reports when required.
• Perform QA reviews of AML cases, and Suspicious Activity Reports (“SARs”) to determine the effectiveness of the AML controls and to evaluate the word product for quality, accuracy and sound decision making.
• Report and present findings and observations to stakeholders by preparing detailed work papers to support results of the QA reviews.
• Perform customer profiling which includes review of profile updates and generation of customer profiles,
• Conduct 314(a) search requests and report matches.
• Assist with preparation and tracking of law enforcement requests received.
• Research specific money laundering concerns and typologies and assist with implementation of processes related to any new regulations or model changes that may be necessary.
• Provide assistance with collection and preparation of documentation and responses for any examinations, audits or testing, or remediation efforts.
• Participate in all requested meetings and assist with training sessions as needed.
• Participate in any ad-hoc projects as necessary.

Qualifications

Work Experience/ Years of Service:

• Minimum 5 years' experience in compliance in financial institution.
• ACAMS compliance certification (or willingness to obtain within first year of employment).
• Extensive knowledge about applicable CIP, AML and anti-terrorist financing laws, regulations, procedures and industry practices including specifically understanding the requirements related to NYDFS Part 504.
• Strong analytical and research skills with attention to detail.
• Experience in BSA/AML transaction monitoring function; familiarity with AML Risk Assessment; Customer /Account Risk Modeling, Scoring and Profiling.

Preferred Requirements:

• Experience in a compliance testing or audit related role.
• Familiarity with Compliance risk model validation.
• Experience in dealing with bank regulators and internal/external auditors.

Special Skills/ Technical Requirements:

• Strong written and verbal communication skills, including a demonstrated ability to clearly provide written reports that accurately and clearly summarize issues and present solutions in an understandable and logical manner and strong interpersonal skills.
• Experience with FIS's Prime BSA Reporter (or other automated AML transaction monitoring software).
• Familiarity with research in external databases (ex. Lexis-Nexis, World-Check, Dow Jones Factiva).
• Ability to liaise with other departments as needed to perform tasks and projects.
• Proficiency using MS Office including Word, Excel, PowerPoint and Adobe Acrobat.

Company Overview

Mizuho Americas is a leading financial institution comprising several legal entities, which together offer clients corporate and investment banking, financing, securities, treasury services, asset management, research and more. Mizuho's operations in the Americas connect a broad client base of major corporations, financial institutions and public sector groups to local markets and a vast global network. Mizuho Americas is an integral part of the Japan-based Mizuho Financial Group, Inc. (NYSE: MFG), which is comprised of offices in nearly 40 countries, approximately 60,000 employees, and assets of more than USD 1.8 trillion. Learn more at mizuhoamericas.com.

Mizuho Bank Ltd. offers a competitive total rewards package.

We are an EEO/AA Employer - M/F/Disability/Veteran.

We participate in the E-Verify program.

We maintain a drug-free workplace and perform pre-employment substance abuse testing.

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