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Financial Crimes Compliance Consultant (Contractor)

Key Facts

Remote From: 
Category:  Consultant
Freelance
Expert & Leadership (>10 years)
English

Other Skills

  • Microsoft Excel
  • Microsoft PowerPoint
  • Microsoft Word
  • Consulting
  • Professional Communication
  • Non-Verbal Communication
  • Analytical Skills
  • Record Keeping
  • Time Management
  • Teamwork
  • Organizational Skills

Roles & Responsibilities

  • Five years of experience conducting AML/BSA and/or Economic Sanctions/OFAC investigations at financial institutions
  • Strong analytical skills with experience in FIU or similar investigative environments
  • Proficiency in transaction monitoring/case management software (e.g., Mantas, Actimize, Fircosoft, Fiserve AML Manager, PRIME Compliance Suite) and Microsoft Office; experience with LexisNexis/Negative News searches
  • Knowledge of government regulatory requirements for identifying unusual or suspicious activity related to OFAC sanctions and filing SARs; ability to determine SAR necessity

Requirements:

  • Review AML/BSA suspicious activity monitoring and OFAC screening cases for accuracy and potential indicators of illicit activity
  • Review CDD and EDD cases to ensure complete and accurate KYC profiles and CIP compliance
  • Prepare observations and documentation from reviews, including notes and resolutions, and interact with client staff during reviews
  • Determine escalation decisions and whether SARs should be filed, while managing weekly caseload in accordance with SLA and maintaining timely communication with clients and Huron supervisors

Job description

Huron is redefining what a global consulting organization can be. Advancing new ideas every day to build even stronger clients, individuals and communities. We’re helping our clients find new ways to drive growth, enhance business performance and sustain leadership in the markets they serve. And, we’re developing strategies and implementing solutions that enable the transformative change they need to own their future.

As a member of the Huron corporate team, you’ll help to evolve our business model to stay ahead of market forces, industry trends and client needs. Our accounting, finance, human resources, IT, legal, marketing and facilities management professionals work collaboratively to support Huron’s collective strategies and enable real transformation to produce sustainable business results.

Join our team and create your future.

Huron is a global consultancy that collaborates with clients to deliver data driven, technology enabled consulting, implementation, staffing, and managed services solutions. We specialize in supporting regulatory compliance, risk, credit, financial crimes, and capital markets functions, serving banks, mortgage originators and servicers, fintechs, and other financial services companies around the world.

Our firm is led by practitioners from both the industry and the regulatory community, bringing deep domain knowledge to help clients drive meaningful business change and address today’s most pressing compliance, regulatory, and operational challenges.

Because our clients face a unique set of complex challenges as they align strategy and compliance with technology, we are continually seeking outstanding consultants with diverse expertise and perspectives. These individuals are passionate about uncovering, untangling, and tackling the biggest challenges facing the industry. Our capable Associates leverage Huron tools, methodologies, and best practices to support the selection, planning, and implementation of leading enterprise software and analytics solutions.

While the scope of each project may be different, your duties & responsibilities may include:

  • Review and independently assess cases derived from Anti-Money Laundering (AML)/Bank Secrecy Act (BSA) suspicious activity monitoring and Economic Sanctions/Office of Foreign Assets Control (OFAC) screening conducted by Huron or client.
  • Review and independently assess Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) cases derived from customer profile monitoring to ensure complete and accurate Know Your Customer (KYC) profiles and Customer Identification Program (CIP) requirements.
  • Utilize transaction monitoring and case management systems (as available), vendor solutions, and open source tools to conduct investigations.
  • Compare observed activity with client KYC and expected activity profiles for potentially suspicious transactions or behaviors.
  • Prepare observations from review and analysis through compiling of review notes, documentation and resolution.
  • Interact with client compliance and operational staff, customer service areas and management in conducting reviews.
  • Determine whether activity should be escalated for further review based on alert reviews.
  • Determine whether suspicious activity reports (SARs) should be filed based on case investigations.
  • Manage of weekly case load in a timely fashion in accordance with Huron’s Service Level Agreement (SLA’s).
  • Meet weekly time-keeping and reporting requirements vis-à-vis client and Huron.
  • Communicate professionally, transparently, and in a timely fashion regarding weekly scheduling to client and/or Huron Supervisors.

Requirements

  • Knowledge of government regulatory requirements and expectations for identifying unusual or suspicious activity in connection with financial transactions, related to economic sanctions (e.g., OFAC), and the requirements to file suspicious activity reports.
  • Five (5) years of experience conducting AML/BSA and/or Economic Sanctions/OFAC investigations at financial institutions.
  • Strong analytical skills derived from previous experience in a Financial Intelligence Unit (FIU) or similar investigative setting including former law enforcement.
  • Strong written and verbal communication skills a must to work effectively with all levels of consultants and client staff.
  • Ability to work well with others as well as independently and with minimal supervision.
  • Strong organizational and time management skills and ability to handle multiple tasks/projects simultaneously.
  • Proficient in various software applications including Excel, Word, PowerPoint, email, banking systems and transaction monitoring/case management software (e.g., Mantas, Actimize, Fircosoft, Fiserve AML Manager, PRIME Compliance Suite).
  • Experience conducting and interpreting Lexis Nexis and Negative News Searches.
  • Experience writing SAR and alert/case narratives summarizing the results of investigations and selecting requisite supporting documentation.
  • Experience with historical transaction analyses (i.e., “lookbacks”) preferred, including conducting flow of funds analysis and compiling associated supporting documentation.
  • Prior consulting experience preferred.

Position Level

Consultant

Country

United States of America

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