Compliance Analyst (Banking) jobs in Somerset, NJ

Compliance Analyst (Banking) monitors customer accounts and researches transactions to identify suspicious activity violating current anti-money laundering (AML) regulations defined in the US Bank Secrecy Act (BSA) or other governmental anti-terrorist financing programs. Uses customer data mining and software tools to identify suspicious activity patterns. Being a Compliance Analyst (Banking) reviews daily Currency Transaction Reports (CTR) and Questionable Activity Reports (QAR), and submits Suspicious Activity Reports (SAR) as appropriate. Ensures adherence to Know your Customer (KYC) protocols. Additionally, Compliance Analyst (Banking) may lead or participate in investigations of suspicious activity to pursue corrective actions and ensure completion of required filings. Keeps abreast with regulatory changes, risk management best practices, and trending methods used by fraud perpetrators. Delivers compliance training with up-to-date regulatory information and procedures to develop and guide a well-informed staff. Typically requires a bachelor's degree. May have the Certified Anti Money Laundering Specialist (CAMS) certification. Typically reports to a manager. The Compliance Analyst (Banking) work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Compliance Analyst (Banking) typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)

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Sr. Analyst, ITP Compliance
  • Messer Americas
  • Bridgewater, NJ FULL_TIME
  • Description

    Job Summary:

    Responsible for delivering support to the Shared Service Center Accounts Payable Function, serving as the key liaison between the Onshore and Offshore Functions. The role is critical in ensuring the quality of the service delivery coupled with data management information being delivered in a usable manner that meets the needs of the Messer Finance Organization and other Functions.

    Within the Messer North America Region, you will be an integral member of a Team focused on streamlining, enhancing, and improving SSC Work Processes while delivering actionable data to optimize compliance within Messer.

    Why Messer?

    Messer is the world's largest privately held industrial gases company and what we do matters because it is woven into every part of life, from the medical gases that patients rely on to the essential elements needed to safely and sustainably produce the goods our communities depend on.

    The true strength of Messer is our people-at every level and in every role.

    Join us and take pride in the impact you will make by providing solutions essential to our world and lives. Reach your highest potential at our stable, inclusive company with diverse opportunities in a growing industry, supported by people who care.

    Messer stands apart because we put what matters first, and you matter.

    Principal Responsibilities:

    Shared Services Process Expert Supporting Issue Escalation and Closure

    • Advise and provide subject matter expertise on SAP Invoice Interface Errors to Onshore and Offshore resources.
    • Coordinate with IS teams in identifying and resolving system issues related to Interface Error Processing as raised by the Shared Services team and Messer Stakeholders.
    • Guide and support Coupa/SAP Testing.
    • Lead recurring meetings with the SSC AP Team to address activities/Issue resolution.

    Policy/Procedure Compliance

    • Monitor Coupa Invoice Status Development Report Backlog.
    • Advise on Interface Error Report Backlog.
    • Coordinate timely processing of Special Request Forms in Coupa.
    • Monitor execution of the Coupa Upload Form.
    • Direct the Shared Services Team on SAP Recurring Payment Activities.
    • Monitor timely execution of Manual Invoice EDI Processes.
    • Advise on Inter Company SOA Analysis

    Cash Management

    • Monitor Down Payment Reporting.
    • Coordinate AP Debit Balance activities.
    • Provide guidance to Messer Stakeholders to facilitate the timely recovery of duplicate or incorrect Supplier Payments.

    Audit Support

    • Ensure adherence to required controls and standards.
    • Lead external audit coordination activities related to accounts payable and invoice to pay processes with the Shared Services team by ensuring deliverables are met in a timely manner and with quality.
    • Advise and lead resolution of audit queries and escalations raised by the Shared Services team.

    Manage WNS Contract Compliance

    • Gain knowledge and mastery of Shared Services contract terms and commercial language, supporting the Accounting Operations Manager with contract governance activities.
    • Ensure key contractual deliverables are delivered timely.
    • Monitor and validate that vendor invoicing follow Messer policy and procedures.
    • Monitor monthly SLA and performance reporting to ensure contract compliance.
    • Collaborate with the Accounting Operations Manager to determine, mitigate, and address contract value leakages.
    • Support the Accounting Operations Manager in monitoring, reporting, and closure of program level issues related to service delivery or contractual deliverables.

    Other

    • Assist with departmental requests and provide guidance on Procure to Pay End to End Testing.
    • Work cross functionally to assist in trouble shooting and resolving issues.
    • Support Adhoc reporting and analysis, projects and other activities as defined by Manager.

    Leadership

    • Support SSC and Messer functions to ensure optimum work processes are followed.
    • Create a positive relationship with key Stakeholders.
    • Maintain cross-functional communication and collaboration within the SSC Functions.
    • Influence up / down stream processes with Leaders, Peers, and other Functions
    • Negotiation and conflict resolution

    Required Skills:

    • Knowledge of SAP P2P End to End Work Processes.
    • Familiarity with Accounting, AP compliance and governance controls.
    • Knowledge of Coupa System and Invoice Processing.
    • Knowledge of Coupa Invoice and PO Data Screens.
    • System and business process integration experience
    • SAP Integration and AP Processing experience.
    • Knowledge of SAP Invoice Processing and Payments Processing.
    • Knowledge of and experience in processing SAP Interface Errors.
    • SAP Knowledge on running Reports and Excel Data Downloads
    • Experience in reviewing Purchase Orders in SAP
    • Experience in SAP Testing and GL Account Review.
    • Teamwork and collaboration skills.
    • Excellent written and oral communication skills
    • Strong presentation skills to communicate with and persuade a wide range of audiences.
    • Problem solving through to resolution and communication of status and solution.
    • Ability to work independently and prioritize workload with minimum supervision.
    • Detail oriented and comfortable working with ambiguity

              Qualifications:

              • Bachelor's degree in accounting or business administration
              • 5 - 10 years' Shared Service Center experience in executing tasks, leading SSC teams in achieving, fostering Service Level compliance, work process documentation and continuous improvement.
              • Knowledge of Shared Service Center Organization and structure.
              • Prior Shared Service Center contract administration and compliance experience.
              • Procure-to-Pay (P2P) Processes Experience
              • Microsoft Office with advanced knowledge in using Excel.

                    About Messer?

                    Messer's safety culture, commitment to providing dependable supply and innovative gas technology solutions help customers unlock opportunities to be safer, more sustainable, more productive and more efficient, so their business thrives. We nurture lasting, meaningful relationships with customers, our communities, and with one another.

                    We offer comprehensive benefits and appreciable pay, with steady schedules and opportunities for ongoing training and career progression. We prioritize and invest in our people at every level of our organization - the dedication, knowledge, customer focus and entrepreneurial spirit of our employees is what make Messer refreshingly different.

                    If you need assistance with the application or would like to request accommodation, call (877) 243-1030.



                    Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

                    The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

                    Messer North America is an Equal Opportunity Employer (EOE). Company provides equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran or disabled status or any legally recognized status entitled to protection under applicable federal, state, or local laws.

                     

                  • 4 Days Ago

                  U
                  Sr. Analyst, ITP Compliance
                  • United States Careers
                  • Bridgewater, NJ FULL_TIME
                  • Job Summary: Responsible for delivering support to the Shared Service Center Accounts Payable Function, serving as the key liaison between the Onshore and Offshore Functions. The role is critical in e...
                  • 5 Days Ago

                  I
                  Workday Compliance Data Analyst
                  • Integrated Resources INC
                  • Peapack, NJ FULL_TIME
                  • Company DescriptionIRI believes in commitment, integrity and strategic workforce solutions.Integrated Resources, Inc., is led by a seasoned team with combined decades in the industry. We deliver strat...
                  • 1 Month Ago

                  I
                  Pharmaceutical Sales Operations - Incentive Compensation Analyst
                  • Incentive Compensation Analyst - Keen360, Inc.
                  • Hopewell, NJ FULL_TIME
                  • Our Pharmaceutical client has engaged us to provide a full time Contractor to support the field sales team in the area of Incentive Compensation. The analyst is responsible for supporting the developm...
                  • 3 Days Ago

                  Q
                  Senior Analyst - IT Controls and Compliance
                  • QuidelOrtho
                  • Raritan, NJ FULL_TIME
                  • The OpportunityQuidelOrtho unites the strengths of Quidel Corporation and Ortho Clinical Diagnostics, creating a world-leading in vitro diagnostics company with award-winning expertise in immunoassay ...
                  • 1 Day Ago

                  C
                  Materials Management Lead
                  • Compliance Technology Group, Inc.
                  • Hopewell, NJ FULL_TIME
                  • Job Summary:This position will be responsible for executing the day-to-day operations of Materials Management that includes GMP Warehouse and Inventory, Lab Inventory/Support, and purchasing. Reportin...
                  • 15 Days Ago

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                  0 Compliance Analyst (Banking) jobs found in Somerset, NJ area

                  Somerset is an unincorporated community and census-designated place (CDP) located within Franklin Township, in Somerset County, New Jersey, United States. As of the 2010 United States Census, the CDP's population was 22,083. Somerset housed one of the first Marconi Wireless Stations in the United States. According to the United States Census Bureau, the CDP had a total area of 6.444 square miles (16.692 km2), including 6.327 square miles (16.388 km2) of land and 0.117 square miles (0.304 km2) of water (1.82%)....
                  Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
                  Income Estimation for Compliance Analyst (Banking) jobs
                  $55,675 to $78,949
                  Somerset, New Jersey area prices
                  were up 1.5% from a year ago