People Places Events In History Terms Organizations
Home Invites Members Groups Events Careers Videos News Photos Blogs Polls Forums Chat
Home > Career Center > Job Seekers > Job Search
Job Title: Transaction Monitoring Analyst
Company Name: HSBC
Location: Arlington Heights, IL
Position Type: Full Time
Post Date: 05/19/2018
Expire Date: 06/20/2018
Job Categories: Accounting/Auditing, Computers, Software, Finance/Economics, Financial Services, Internet/E-Commerce, Legal, Research & Development, Web Technology
Job Description
Transaction Monitoring Analyst

Researches detailed information including names and accounts provided by multiple sources to determine whether there is evidence of money laundering activity based on AML Compliance Office policies and procedures. Evaluates transactions and customer relationships based on established protocol identifying issues and escalating for further investigation. Communicates discoveries and issues with internal AML constituents and external customers to support successful discovery of money laundering activities.


Impact on the Business

  • Performs name and account based research on lists and reports provided through established resources to determine if evidence of money laundering activities exist. Evaluates transactions and customer relationships for money laundering activities, identifies red flag issues, and escalates within the AML framework for further investigation.
  • Maintains familiarity with appropriate investigation techniques to support AML activities, including research utilizing bank systems, intranet, internet and external vendor solutions as appropriate.
  • Effectively communicates within the AML Compliance organization and across other areas in HNAH, effectively conveying key information to both internal and external audiences as appropriate.
  • Provides additional support with the AML compliance organization on more complex issues, including research techniques and capabilities, as well other solutions as appropriate.

Customers / Stakeholders

  • Helps to foster a positive culture of compliance by working proactively with the business, BRCM, internal controls functions, and other Compliance professionals to ensure that best practices and systems are in place to facilitate business growth and the overall success of HSBC in accordance with applicable laws, rules, regulations and internal policy.
  • Maintains relationships with internal stakeholders in the AML Compliance Office and other areas to help ensure research techniques and capabilities perform at high levels.
  • Maintains external awareness of research trends, information, and techniques related to money laundering, andcommunicates to appropriate levels of the AML Compliance organization.

Leadership & Teamwork

  • Provides support and expertise to the AML Compliance organization on research techniques, capabilities, and systems.
  • Effectively communicates within AML Compliance, re-enforcing that knowledge on key information, policies and procedures is understood with all constituents both internal and external.
  • Maintains awareness of AML/BSA trends and other related industry practices helping ensure external knowledge and focus is not lost.
  • Helps provide project management support on compliance-related projects and initiatives, as requested, to ensure they progress toward a common goal in alignment with agreed timelines.
  • Provides assistance to other investigators when necessary/requested

Operational Effectiveness & Control

  • Helps monitor activities within AML Operations to ensure compliance with applicable internal policies and procedures and external regulations.
  • Escalates complex or significant issues to more senior compliance employees, as appropriate.
  • Participates in special AML reviews, projects, and training efforts, as required.
  • Discharges the accountabilities set out in the Legal and Compliance Functional Instruction Manual (FIM) by pro-actively assisting management in identifying and containing compliance risk, monitoring, reporting, and certification, fostering a compliance culture and optimizing relations with regulators.
  • To implement the Group compliance policy locally by containing compliance risk in liaison with the Head of Group Compliance, Global Business Compliance Officer, Area Compliance Officer or Local Compliance Officer, ensuring adequate compliance resources and training, fostering a compliance culture and optimizing relations with regulators.
  • Complete other responsibilities, as assigned.

Major Challenges

  • Financial services compliance entails a high degree of regulatory compliance and reputational risk, particularly with respect to risks arising out of non-compliance with extensive and complex regulations. Failure to comply with these regulations would have significant negative effects on relations with regulators, the reputation of the Company with the public and may result in regulatory impediments to mergers and acquisitions and significant regulatory sanctions, including regulatory fines of material amounts.
  • Maintains a high degree of compliance in an environment of extensive and increasingly complex regulations.

Role Context

  • Reports directly to the Team Leader Ops AML Monitoring;Directly supports activities in the AML Operations department.
  • Reviews systematic Anti-Money-Laundering (AML) alerts and determines whether transactions occurring are valid Anti-Money Laundering risks. Performs encompassing research taking into account various AML risk factors
  • Demonstrates a thorough understanding of policies and procedures pertaining to the role. Aware of what constitutes an effective control environment.
  • Coordinates internal processes for the revision, review, approval, and publication of policies applicable to the business unit as well as internal departmental procedures to support functions that are the responsibility of Compliance.
  • Establishes process for the distribution of Compliance related communications from the department. Partners with management to create and deliver internal training and manage special projects within the department.

Management of Risk

  • Ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.
  • Adheres to the Firm’s Statement of Business Principles and Code of Ethics.

Observation of Internal Controls

  • Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
  • As appropriate for the role, ensures alignment with regulatory requirements, the Compliance of FIM, HNAH’s BSA/AML Policy, other Group policies and all related policies and procedures.

HSBC is blazing the trail for African-American colleagues, check it out:

As you complete your online application, please use source code: Historically Black Colleges and Universities. If you would like to notify HSBC's Diversity Recruiting team of your application, please e-mail

Qualifications & Requirements

  • Bachelor’s degree in business, finance, accounting, related field or equivalent experience.
  • Strong interpersonal, organizational, communications, analytical and project management skills.
  • Thorough knowledge of products, services, operations and systems and extensive dealing with laws, regulations and regulatory agencies related to assigned areas.
  • Proficiency with personal computers and pertinent mainframe systems and software packages.


Share |
Contact Information
Company Name: HSBC
Apply Now | Forward Job to a Friend | More Jobs From This Employer
Employer Showcase
>> more | add
Latest Jobs
Quality Officer with Minnesota Department of Human Services in St. Paul , MN.
Math Teacher with KIPP Bay Area Schools in Bay Area, CA.
Manager, Investor Engagement with Ceres, Inc. in Boston, MA.
Senior Recruiter - Office of Human Resources with Azusa Pacific University in Azusa, CA.
Web Developer and Project Analyst - Office of Human Resources with Azusa Pacific University in Azusa, CA.
>> more | add
Latest Member Activity
david johnson just became a new member. 06:52PM
calvin cannon just became a new member. 04:20PM
frederick roberts just posted a blog entitled 'indian co-ed moriah colbert is new miss prairie view a&m university'. 03:59PM
gregory boulware, esq. just commented on a blog entitled '~ "ironically speaking!" ~'. 09:19PM
gregory boulware, esq. just commented on a blog entitled '~ chapter 5: 'farmland, a skippack retreat?' ~'. 01:22PM
gregory boulware, esq. just commented on a blog entitled '~ "in the soul and spirit of life and living!" ~'. 01:21PM
gregory boulware, esq. just commented on a blog entitled '~ 'fairmount' terror in the park: the series! ~'. 01:21PM
gregory boulware, esq. just posted a blog entitled '~ "seeing us-a lost for words" ~'. 02:23PM
markia alston just became a new member. 08:21PM
gregory boulware, esq. just posted a blog entitled '~'alexandre dumas, author/playwrite'~'. 07:28PM
gregory boulware, esq. just commented on a blog entitled '~“it came across my desk”~'. 05:47PM
gregory boulware, esq. just commented on a blog entitled '~"a man of color?"~'. 10:41PM
>> more | invite friends