Internship-AML Monitoring- Financial Intelligence Unit

DEPARTMENT DESCRIPTION

The Transaction Monitoring Group (“TMG”) is a surveillance unit within Financial Crime Compliance with centralized responsibility for the Bank’s AML transaction monitoring systems and processes. The TMG manages the rules and parameters used in the Bank’s automated transaction monitoring system and handles cases generated by the system for review, and investigation and closure or reporting. The TMG also conducts other manual processes outside of the monitoring system to identify and ultimately report unusual activity.

MAIN ACCOUNTABILITIES

· Assists the Financial Intelligence Unit (“FIU”) in preventing the use of Société Générale (“SG”) facilities for money laundering, terrorist financing, bribery, corruption and cybercrime.

· Performs reviews of negative news articles to identify potential nexus to financial crime in geographies with SG presence/risk exposure. Furthermore, responsible for the review of the ongoing negative news log, identification of relevant names, conduct transaction searches to determine whether investigations by the FIU are warranted.

· Assists with management of the FIU Portal through entries and transactional searches on parties identified in news sources.

· Recommends course of action for most events but may seek guidance from a manager when analysis identifies unusual or uncommon situations.

· Independently conducts documented enhanced due diligence on individuals, and entities, utilizing all available resources and exercise risk-based judgment to develop findings and recommendations.

· Conducts review of the 314(a) alerts generated every two weeks.

· Review of Internal Fraud Escalations from various Business Units, conducting FIU case investigations, preparing SARCs and SARs relating to return of funds, business email compromise, or other fraud related escalations received from Global Transactions and Payments Services (“GTPS”).

· Clearly, succinctly, and consistently documents and supports judgments, decisions and rationale and maintaining accurate and complete supporting documentation and records in accordance with TMG policies and procedures.

· Applies project management and organization skills to a variety of tasks including ad-hoc assignments.

· Collaborates with team to implement initiatives and projects sponsored and approved by management.

COMPETENCIES

Required:

· Possess strong analytical, verbal, and written communication skills.

· Ability to clearly synthesize approach and methodology, and rationale for raising.

· Strong attention to detail.

· Ability to work under minimal supervision.

Preferable:

· Strong research skills, and advanced skills in the use of Microsoft Word, Excel, PowerPoint, SAS (case management system) and experience with online research systems including web-based tools.

· Knowledge of geopolitics, geographies and languages with the ability to apply them efficiently to the Anti - Financial Crime field.

TECHNICAL SKILLS

Required:

· MS Office Suite

PRIOR WORK EXPERIENCE

Preferable:

· 1-2 years in Financial Crime case investigations or similar environment.

· Experience in assisting with AML/OFAC special projects or AML/OFAC implementation of new/updated procedures.

EDUCATION

Required:

· BA/BS