Responsibilities include but are not limited to:
- Review and analyze alerts generated by the Bank's electronic monitoring software to make a determination as to whether activity warrants further review. Review and analyze internal AML reports, draw conclusions and make recommendations regarding the need for further investigation.
- Conduct suspicious activity investigations and determine whether a Suspicious Activity Report is needed. Draft narrative for each case substantiating the decision/recommendation.
- Conduct due diligence reviews on high risk customers through analysis of customer activity compared to KYC documentation and internal/external information sources to determine if further due diligence is needed and/or change in risk disposition is warranted.
- Manage complex cases, reviews involving matters such as multiple relationship accounts and complex ownership structures.
- Draft and file Suspicious Activity Reports with FinCEN.
- Identify and analyze records of outside agencies to facilitate investigations including credit bureau records, police and court records.
- Make recommendations for exiting customer accounts/relationships based on investigation or CDD/EDD.
- Work with the AML management team to ensure the monitoring platform consistently addresses prevailing risk.
- Support management in the day-to-day compliance efforts with AML/KYC requirements.
- Analyze, plan and complete special projects assigned by the AML management.
Requirements:
Required Skills:
- Strong knowledge of Bank Secrecy Act, USA Patriot Act, OFAC and Suspicious Activity Reporting requirements and regulations.
- Excellent researching and analytical skills.
- Must have the confidence and ability to identify potential issues and solutions and work with management to resolve those issues.
- Strong time management skills and ability to prioritize and organize assignments.
- Excellent verbal and written communication skills.
- Ability to provide guidance and training to investigators within the department regarding AML, BSA and OFAC-related issues.
- Ability to interact and respond intelligently to inquiries from Internal Audit and bank regulators.
- Advanced skills in the use of Microsoft Word, Excel, Access, PowerPoint, Outlook and experience with on-line research systems including web-based tools.
- Team oriented and able to work independently.
Required Experience:
- High School Diploma or GED and a minimum of three years experience with emphasis on BSA/AML, fraud, loss prevention or corporate security investigative experience or other experience analyzing customer financial activity for unusual behavior.
- Bachelor's Degree preferred.
- FINRA Series 7,24, and/or 66 preferred.
- ACAMS certification preferred.
Pay Transparency In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.
