Jobs Opening
Position ID :Q-IN-2017-PS044
Date Posted : 03-16-2017 (mm-dd-yyyy)
Jobs Title : Business Analyst - Anti-Money Laundering (AML) - Intern
No of Openings : 4

Job Classification: Internship

Qtech Solutions Inc.
3 Executive Drive, Suite 320
Somerset, New Jersey USA 08873.
Director Operations
NJ Phone : 732-770-4100 Fax: 888-532-0210
Email      :

Job Duties

This Training as Internship position is within the Corporate Risk Management team to report the KYC & CDD. This role involves reviewing Know Your Customer (KYC) documentation and conducting customer due diligence (CDD) during onboarding and on a risk-based frequency for existing Customers. This Unpaid Internship is conducted for 12 Weeks to Fresh and Alumni Students. Selection for Internship is based on GPA and Interview performance. Our Placement division supports various pharmaceutical, healthcare and financial firms, by providing staffing resources meeting cost efficiency, time saved and commitment to their hiring needs. Successful Intern, will be provided an opportunity to work at our client sites on contract as full-time employee of Qtech with benefits.

  • Receiving and completing requests from various business partners for CDD of prospective, new, and existing Payment Services partners including associates and member banks for network relationships.
  • Conducting research using vended solutions, open source information, and multiple internal systems to complete CDD reviews.
  • Analysis of the gathered documentation leveraging knowledge of the Payment Services operating model and AML/BSA and sanctions subject matter expertise.
  • Understanding of prospective, new or existing partner's relationship with Payment Services including AML/BSA and sanctions risks associated with provided products and services.
  • Ensuring all partners, their beneficial owners, and account controllers undergo sanctions screening, Adverse Media searches, and PEP screening and that the dispositions of false-positives are documented and possible matches are escalated appropriately.
  • Assessing the risk and proposing mitigations or controls based on the body of evidence collected.
  • Concluding the CDD review with clear written communication and documenting evidence in the system of record.
  • Working through the day-to-day queue of KYC and CDD reviews to ensure items are completed in a timely manner, in accordance with established standards and SLAs.
  • Escalating and articulating key risks to the appropriate stakeholders (e.g., Enhanced Due Diligence team).
  • Ensuring accurate and timely adherence to Payment Services KYC & CDD procedures and requirements.
  • Provide subject matter expertise in tuning the partner risk ratings methodology and framework.
  • Reviewing partner contracts and assessing alignment with operating regulations, CDD questionnaires, and risk appetite to ensure compliance with AML/BSA and sanctions regulatory requirements.
  • Providing recommendations on modifications required to operating regulations, CDD questionnaires, and Standard Operating Procedures based on changes in the AML/BSA and sanctions regulatory environment.
  • Providing training and guidance to Payments Services first line teams, enablement partners, and other parties as necessary using AML/BSA subject matter expertise.
  • Managing and/or completing various projects and process improvements initiatives across the CDD team.
  • Cultivating effective relationships with management and other key stakeholders.
  • Escalating and articulating key risks to the appropriate stakeholders.
  • Interfacing with internal audit and external examiners as needed to explain the control environment and scope of KYC and CDD reviews.
  • Attending continuing education courses, reading industry news articles, attending workshops and conferences, etc. to ensure awareness and understanding of the most current industry standards and regulatory expectations.
  • Promote a risk-aware culture, ensure efficient and effective risk and compliance management practices by adhering to required standards and processes
Education : Bachelors Degree in:
Mathematics, Economics, Business Administration, Finance Management, Information systems / Technology, Statistics.
Experience : 0-2 years
Application End Date: 06-16-2017 (mm-dd-yy)

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