Supervisor Compliance Transaction Monitoring

Job Summary

The Supervisor Compliance (Transaction Monitoring Dept.) is responsible for the direct supervision of a diverse team of Compliance Analysts whose primary responsibilities are to identify patterns of potentially suspicious transactional activity and investigate suspected activities as they relate to potential fraudulent transactions, money laundering and/or terrorist financing, and to maintain compliance with regulatory reporting timelines and accordance with the Bank Secrecy Act/ International Regulations. The Supervisor will be expected to analyze and review transactional activity for trends and/or patterns. The incumbent will also be required to provide direct management, feedback, instruction, guidance and direction to staff, and to ensure direct report(s) are following standards, processes, methodologies, metrics and internal controls to support organizational objectives and mitigate risk.

Primary Responsibilities

• Ensures the team is operating in compliance with regulatory laws and MoneyGram policies.
• Hires, trains, and leads a team of Compliance Analysts.
• Manages daily and weekly performance of Compliance Analysts.
• Coordinates department workflow to ensure even and efficient distribution of resources and ensures timely, cost-effective responses.
• Develops and implements controls processes to mitigate risk, and escalate issues appropriately.
• Implements process improvements based on feedback from the Quality Assurance (QA) Team. Periodically reviews the staff’s work to ensure that MGI is filing certain reports and/ or producing records within government mandated timeframes and to ensure accuracy of work.
• Provides monthly metrics and results and trend analyses to management.
• Develops, enhances, and implements compliance policies and procedures, as needed, to address regulatory or business changes.
• Maintains a sound working knowledge of relevant anti-money laundering laws, specific country regulations, and crimes.
• Provides and presents monthly/weekly operational metrics and results of trend analyses to Compliance Senior Management.
• Performs other duties as assigned.

Education

• At least BA/BS in business, finance, law enforcement, banking, legal studies or a related area.
• MBA preferred.
• CAMS Certification preferred.

Experience

• 2 years supervisory or strong team leadership experience.
• Experience with implementing controls and process improvements in a Fraud/AML or Financial Regulatory environment.

Essential Skills

• Demonstrated negotiating skills that employ tact and discretion.
• Demonstrated ability to make quick, yet sound decisions, and communicate negative and adverse messages professionally, under difficult circumstances.
• Proficient with MS Excel, Word and ability to learn database applications; Access preferred.
• Demonstrated professional communication skills with internal and external customers at varying levels.
• Demonstrated organization and time management skills.
• Demonstrated ability to handle multiple priorities in a dynamic environment.
• Demonstrated oral and written communication skills.
• Demonstrated analytical and problem solving skills.
• Knowledge of anti-money laundering compliance requirements for money services businesses preferred.
• In-depth knowledge of mandates, operations, and policies of law enforcement organizations.
• Broad base of knowledge of money laundering schemes and trends.
• Fluent /bilingual communication skills preferred.