Compliance NEW YORK, New York, USA

BSA/AML Specialist

Company Intro

Booking Holdings (NASDAQ: BKNG) is the world leader in online travel and related services, provided to customers and partners in over 220 countries and territories through six primary consumer-facing brands –, KAYAK, priceline,,, and OpenTable. The mission of Booking Holdings is to make it easier for everyone to experience the world. During 2019, the Company had consolidated revenues and net income of $15.1 billion and $4.9 billion, respectively, and a current market value of approximately $60 billion.

Booking Holdings Financial Services-US (hereinafter “BHFS-US”) is based in New York City, New York and provides financial services in the form of payment services and prepaid access products across all the brands. BHFS-US is committed to conducting its business in compliance with applicable laws, regulations and guidelines, with integrity and to the highest ethical standards.

Job Summary

Booking Holdings Financial Services-US, is looking for a BSA/AML Specialist with strong experience in Financial Services, specifically Money Transmission and NY DFS 504. The selected candidate will have the chance to witness firsthand the investment in digital technology that helps take the friction out of travel.

The BSA/AML Specialist will assist in ensuring that BHFS-US complies with all US State Money Transmission licensing and US Federal requirements, more specifically NY DFS 504 and FinCen. You’ll report directly to the BHFS-US Chief Compliance Officer and eventually to the BSA/AML Officer for BHFS-US.

Harnessing the strategic vision of the company this role will be responsible for assisting in the implementation of processes, controls and monitoring of the BHFS-US AML and Sanctions Programs.    

This opportunity represents an exceptional chance to embed yourself with one of the world’s most exciting organizations and help define the future for accessing travel experiences across the world.

Key Responsibilities

  • Ensure Transaction Monitoring program is based on the AML risk assessment, adequately addresses unique risks to the company and reflects changes in laws, regulations etc.   Ensure alignment with the current risk profile of the company.

  • Ensure documentation exists and includes AML scenarios with a comprehensive description of how each typology is intended to work. This should include the assumptions, parameters and thresholds used.

  • Verify adequate documentation is in place on the transaction monitoring investigative processes, as well as processes to review the current system settings, thresholds and parameters.

  • Conduct reviews as regulatory required

  • Document and identify sources that contain relevant data for transaction monitoring. Ensure adequate controls over the integrity of the data being submitted. Identify any gaps requiring remediation.

  • Conduct and document pre- and post-implementation end to end testing of the transaction monitoring program to ensure that the analysis properly depicts data flow/controls.  This includes data mapping, transaction coding, detection scenario logic, model validation, data input and program output.

  • Conduct a validation of the transaction monitoring program ensuring that there are documented processes in place.  Validation will be performed to assess the integrity, accuracy and quality of data being used as part of the transaction monitoring process.  Identify any weaknesses or areas for improvement.

  • Work with Compliance Risk and Controls Officer to ensure that a governance process/program is in place as it pertains to the transactions and monitoring filtering program.

  • Review and identify the need to implement and/or revise policies and procedures falling under NYS 504 requirements.

  • Track remedial steps being taken to address identified areas, systems or processes requiring updates or redesign. Ensure that documentation is maintained, and testing being performed as part of the remediation.

  • Monitor compliance with record retention.

  • Other BSA/AML and OFAC duties as assigned

Knowledge Skills & Abilities

  • 5-8 years of progressive experience in the financial services industry, specifically an organization with both MTL and MSB 

  • Must have Bank Secrecy Act, OFAC regulatory experience, in addition experience with NY DFS 504

  • Knowledge of relevant technology applications used for AML transaction monitoring

  • Ability to document system flows and data validation testing 

  • Must be highly proficient in Excel, Word and Powerpoint

  • Must be a team player with strong attention to detail

  • Strong track record of meeting regulatory deadlines in timely manner

  • Effective written and oral communication skills required

  • CAMS or other certification preferred

There are a variety of factors that go into determining a salary range, including but not limited to external market benchmark data, geographic location, and years of experience sought/required. In addition to a competitive base salary, roles are eligible to be considered for an annual bonus.

The base salary range for Connecticut and the NYC-metro area is $113,000 $138,000.

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