Internship-AML Monitoring- Financial Intelligence Unit

Financial Crime Compliance – TMG & Sanctions Compliance Support

The Financial Crime Compliance team includes the Transaction Monitoring Group (TMG), 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, investigation, closure, and/or reporting. The TMG also performs other manual processes outside the monitoring system to identify and report unusual activity. The Sanctions Compliance team ensures compliance with OFAC regulatory requirements, and KYC Advisory supports the front office and KYC teams with direct client-related matters.

Main Accountabilities

Support TMG with:

• Assisting the Financial Intelligence Unit (FIU) in preventing the use of Société Générale (SG) facilities for money laundering, terrorist financing, bribery, corruption, and cybercrime.
• Performing reviews of negative news articles to identify potential nexus to financial crime in geographies with SG presence and/or risk exposure; reviewing the ongoing negative news log, identifying relevant names, and conducting transaction searches to determine whether FIU investigations are warranted.
• Supporting the management of the FIU Portal through entries and transactional searches on parties identified in news sources.
• Recommending a course of action for most events, and seeking guidance from a manager when analysis indicates unusual or uncommon situations.
• Independently conducting documented enhanced due diligence on individuals and entities, using all available resources and exercising risk-based judgment to develop findings and recommendations.
• Conducting review of the 314(a) alerts generated every two weeks.
• Reviewing internal fraud escalations from various business units by conducting FIU case investigations and preparing SARCs and SARs related to return of funds, business email compromise, or other fraud-related escalations received from Global Transactions and Payments Services (GTPS).
• Clearly, succinctly, and consistently documenting judgments, decisions, and rationales while maintaining accurate and complete supporting documentation and records in accordance with TMG policies and procedures.
• Applying project management and organizational skills to a variety of tasks, including ad-hoc assignments.
• Collaborating with the team to implement initiatives and projects sponsored and approved by management.

Support Sanctions Compliance with matters related to OFAC regulatory compliance

Familiarity with payment structures and screening systems is a plus. Tasks include, but are not limited to:

• Reviewing sanctions-related static data alerts.
• Identifying OFAC compliance issues/concerns and making suggestions and/or taking corrective action to implement solutions to improve controls and operations.
• Keeping abreast of SG Group sanctions policies, OFAC sanctions, and associated reporting requirements.