ADP is hiring a Associate Compliance Analyst - AVS. In this position you will ensure compliance with the ADP's Anti-Money Laundering Program to mitigate the risk of the card program being used as a conduit for money laundering, the financing of terrorist acts or the financing or commission of other crimes. Monitor various AML reports, cardholder balances and cardholder transactions to identify and document fraudulent activity; report such activities to the Compliance Officer, government agencies via Suspicious Activity and Currency Transaction reporting, and ADP Global Security. Monitor and actively work the negative balance activity reports to reduce the risk of financial loss. Monitor current and pending state and federal laws along with all NACHA, money transmitter requirements, anti-money laundering, and banking regulations pertaining to ADP's products and processes to ensure ADP's products and processes are fully compliant. Assess impact on operations and develops recommendations for any proposed regulatory and legal changes.
Create and or implement as directed required communication plans and proper course of action for impacted product areas. Coordinate/and or implement activities with dedicated product compliance directors, Legal Department, Agency Relations and other internal business stakeholders. Provide direction to develop and or participated in necessary IT Business Cases and/or product integration for any required systemic changes or work flow changes. Coordinate with impacted areas along with internal Operations & Compliance departments to take necessary steps to ensure seamless implementation.
Identify, develop and /or oversee all regulatory and reporting requirements related to Federal, State, Local agencies, OFAC, AML, FinCEN, NACHA, Sarbanes Oxley, SSAE16, money transmitter licensing. Provide compliance and risk integration expertise for product changes, acquisition and/or new money movement products. to ADP.
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Responsibilities
QUALIFICATIONS REQUIRED:
Knowledge of Paycard Processes and procedures. Ability to make independent decisions and make sound judgment calls when interviewing cardholders, merchants, and clients; ability to influence/negotiate
Knowledge of AML Compliance Program Requirements
Understanding of fraud (scenarios, terminology, techniques)
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