Risk Management Analyst
7 days ago
This role involves overseeing the Enhanced Customer Due Diligence (ECDD) process to ensure the highest standards of quality and integrity. The successful candidate will be responsible for conducting quality assurance reviews, analyzing customer activity data, and collaborating with cross-functional teams to identify and mitigate compliance risks. Additionally, they will provide expert guidance on AML/CFT regulations and industry best practices to internal teams and develop training sessions on ECDD process enhancements and AML/CFT trends.
Key Responsibilities
- Oversee the ECDD process to ensure quality standards are maintained and adhered to
- Conduct regular quality assurance reviews to assess the accuracy and effectiveness of ECDD assessments and risk mitigation efforts
- Analyze customer activity data to identify potential red flags and conduct thorough investigations
- Collaborate with cross-functional teams to identify and mitigate compliance risks
- Provide expert guidance on AML/CFT regulations and industry best practices to internal teams
- Develop and deliver training sessions on ECDD process enhancements and AML/CFT trends
Requirements
- Bachelor's degree in finance, business, or a related field, or equivalent professional experience in financial services, compliance, or risk management is preferred
- Minimum of 2 years of experience in Bank Secrecy Act, AML Compliance, or general and/or risk-based compliance
- Strong analytical, investigative, and problem-solving skills with high attention to detail, especially in evaluating complex customer profiles and transactions
- Ability to identify and assess compliance risks and escalate issues to the appropriate level when necessary
- Demonstrated experience in process improvement or project management, particularly in compliance, risk, or operational areas
- Proven ability to work independently, making informed decisions aligned with company policies and regulatory requirements
- Proficiency in MS Office Applications, with advanced Excel skills for data analysis, reporting, and process tracking
- Strong communication skills, both verbal and written, with experience in delivering feedback
- Knowledge of current and emerging technologies in AML/CFT such as transaction monitoring tools, data analytics, and AI-based systems is a plus
About Western Union
Western Union is a leading provider of innovative financial solutions, empowering individuals and businesses to achieve their goals. Our commitment to diversity and inclusion reflects the unique backgrounds and perspectives of our global teams, while our focus on in-person collaboration, learning, and ideation drives innovation and excellence.
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