Internship-AML Monitoring- Financial Intelligence Unit
New York, NY
Internship
Hybrid
$70K/yr - $70K/yr
Intern
Societe Generale is a financial services organization committed to responsible, ethical, and inclusive banking. The intern will support the Financial Intelligence Unit and Sanctions Compliance team by conducting transaction monitoring, negative news, enhanced due diligence, fraud, sanctions, and OFAC compliance reviews, while documenting investigations and supporting related projects.
Responsibilities
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
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
Qualification
Required
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
MS Office Suite
BA/BS
Preferred
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
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
A hybrid work arrangement that offers employees the flexibility to work remotely, as well as on-site
The role is eligible for an annual discretionary bonus
401(k) plan with company match
Medical, dental, and vision benefits
Benefits for fertility, wellness, student loans, and commuters
Societe Generale is one of the leading European financial services groups.
