Internship-AML Monitoring- Financial Intelligence Unit (FIU) - Compliance - New York, United States - Societe Generale : Job Details

ResponsibilitiesThe 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 ACCOUNTABILITIESSupport TMG with:•Assists the Financial Intelligence Unit ( FIU ) in preventing the use of Socit Gnrale ( 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.Profile requiredRequired:•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 SKILLSRequired:•MS Office SuitePRIOR WORK EXPERIENCEPreferable:•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.EDUCATIONRequired:•BA/BSWhy join usBusiness insightOUR CULTURE: At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We experiment and propose new ideas. This way, we maximize our ability to serve client needs and anticipate market changes. Societe Generale is committed to strengthening bonds with colleagues, communities, and the world in which we live, because relationships are at the heart of how we operate.For more information about our Culture and Conduct initiatives, please visit this link (D&I: Our Diversity & Inclusion Mission: Recruit, develop, advance, and retain a diverse workforce that is united in our efforts to enhance our competitive position and deliver innovative solutions to our clients.Our Diversity & Inclusion Vision:•Engaged workforce that is demographically diverse in a way that reflects the communities in which we operate•Inclusive culture and workplace that recognizes employees' unique needs and utilizes their diverse talents•Engage our community and marketplace, and position the organization to meet the needs of all its clientsFor more information about our D&I initiatives, please visit this link (HYBRID WORK ENVIRONMENT:For most positions, Societe Generale offers a hybrid work arrangement that offers employees the flexibility to work remotely, as well as on-site, in order to promote interaction and collaboration with colleagues while adhering to all SG standard protocols.Hybrid work arrangements vary based on business area.The applicable Business lines will determine and communicate the work arrangements that best meet their business needs.COMPENSATION & SALARY RANGE:Base salary range does not include overtime pay, bonus and/or other benefits, where applicable. Actual base salary offer will vary based on skills and experience.