Ace Cash Express, Inc.

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AML Analyst

at Ace Cash Express, Inc.

Posted: 9/1/2019
Job Reference #: *55E5DDFE78D23602

Job Description

Requisition Number

AML Analyst


Postal Code

Metropolitan Area
Corporate: Corporate Office-Irving, Texas

The BSA/AML Compliance Analyst is a part of the team responsible for ensuring company compliance with federal, state, and local laws and regulations that govern ACE's products and services.

This position reports to the Director of BSA/AML Compliance.

Position Description
The BSA/AML Analyst performs a variety of money laundering detection related activities in support of Bank Secrecy Act (BSA) and/or Anti-Money Laundering (AML) regulations designed to prevent financial-related crimes against the government.

Each BSA/AML Analyst is responsible for analyzing customer information related to system or employee generated alerts intended to identify persons and/or entities that may be laundering money, perpetrating consumer fraud, are victims of consumer fraud, or funding terrorism.

To do so, the BSA/AML Analyst must be able to:
• Identify unusual activities and behaviors across multiple products;
• Research open source information (Internet);
• Compile information and documents from a variety of sources;
• Clearly articulate reasoning for filing or not filing a SAR for an individual;
• Communicate with internal and external resources;
• Draft Suspicious Activity Reports ("SARs"); and
• Fact-check and edit SARs and CTRs.

The BSA/AML Analyst will support the fulfillment of necessary federal reporting requirements by ensuring accurate and complete documentation, timely disposition and providing critical information assessments as required, including escalating issues for further internal investigation in accordance with defined processes.

As a member of the BSA/AML Compliance Team, the AML Analyst is expected to work closely with team members to ensure resolutions are reached as quickly and efficiently as possible should problems arise which require additional resources. To that end, the BSA/AML Analyst will work to ensure that processes remain effective by providing feedback/recommendations to the Director of BSA/AML Compliance for process/system changes based on ongoing successes and failures.

Other tasks to be handled by the BSA/AML Analyst include:

• Preparation of Currency Transaction Reports in accordance with BSA requirements for cash transactions over $10K/day.

• Participation in SAR Committee and Risk Assessment Meetings.

Education and/or Experience:
• High School Graduate with some college, preferred.
• Experience in Compliance a plus.
• Bilingual a plus, but not required.
Knowledge & Skills:
• Candidates must be able to work in a deadline driven environment and analyze sometimes complex transactions.
• Must be able to handle multiple projects at one time, reset priorities day-to-day to meet deadlines, and know when to ask for assistance and direction when working with conflicting priorities.
• Must have strong organization and written communication skills.
• Must be comfortable
• Must be self-motivated, realistically ambitious, and have high personal ethics.
• Must be a people-oriented person who is able to develop positive working relationships with co-workers and regulators.
• Must be proficient in Word and Excel.
• AS/400 and PowerPoint proficiency is a plus.
• Position requires overtime including some Saturdays.