Internship-AML Monitoring- Financial Intelligence Unit

The Financial Crime Compliance team consists of various teams, such as the Transaction Monitoring Group, Sanctions Compliance and KYC Advisory. 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. Sanctions Compliance team ensures compliance with OFAC regulatory compliance and KYC Advisory assists the front office and KYC teams with direct client related matters.

MAIN ACCOUNTABILITIES

Support TMG with:

• 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.

Support the Sanctions Compliance team for matters related to OFAC regulatory compliance. Familiarity with payment structure and screening systems is a plus. Tasks related to the position include, but are not limited to:

• Review of sanctions-related static data alerts

• Identify OFAC compliance issues/concerns and make suggestions and/or take corrective action to implement solutions to improve controls/operations.

• Keep abreast of SG Group sanctions policies, OFAC sanctions, and respective reporting requirements.