Job Summary An AML Investigator is responsible for maintaining certain aspects of the Bank's ML/CFT program and assists in meeting and maintaining BSA/AML compliance requirements of the Bank. Complies with all applicable, federal and state laws, regulations and guidance, including those related to Anti-Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act, etc.), as well as adhering to the Bank's policies and procedures to mitigate risk exposure to the Bank.
Assigned to a team that is responsible for working with the Bank's transaction monitoring system to help prevent, detect, and deter ML/TF and other illicit financial activity using a risk-based approach. This includes performing in depth research and detailed account analysis reviewing and investigating cases on the Bank's Case Management System. This includes the review of normal and abnormal transactional activity that may range from routine to highly complex utilizing customer KYC, external research, and detailed account analysis. Case adjudications may result in SAR filings.
Must possess analytical skills and be able to handle multiple tasks concurrently.
Pay Range: $38,700.00 - $54,900.00 - $71,100.00
Job Responsibilities:
(90% of time) Perform analysis and complete dispositions on cases for potentially suspicious activity as it may relate to money laundering, terrorist financing, and other financial crimes. Compiles case files with the required supporting documentation for each investigation. Ensures that all investigations cases are completed on a timely basis. Completes Suspicious Activity Reports (SARs) in accordance with FinCEN's guidance and regulations. Refers for account closure where appropriate.
(5% of time) Engage in additional assignments as directed by management. Attend and participate in team/department staff meetings and continuing education training. Acquire and maintain working knowledge of all compliance, regulatory, and business unit policy, standard and procedure requirements associated with the job. Ensure compliance with applicable federal, state and local laws and regulations. Complete all required compliance training. Maintain knowledge of and adhere to internal compliance policies and procedures. Take responsibility to keep up to date with changing regulations and policies.
(5% of time) Communicates with branch personnel and management to verify accuracy of customer information & determine if activity in question is expected for the particular type of customer and are responsible to ensure all discrepancies are documented and resolved.
Uses independent judgement and discretion to make decisions.
Performs special projects, and additional duties and responsibilities as required.
Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.
Job Qualifications :
Education level required: High School / High School Equivalency (GED, HiSET, TASC) / Foreign Equivalent.
One to three years of experience in banking and/or financial investigations.
Education level preferred: Undergraduate Degree (4 years or equivalent) in finance, accounting, business management, or criminal justice (preferred).
ACAMS Certification or CFCS (preferred).
Good knowledge and understanding of general BSA/AML, OFAC, and USA PATRIOT Act and risk management principles.
Knowledge of core banking systems.
Knowledge of BSA monitoring systems.
Advanced computer literacy skills with proficiency in Microsoft Office as well as Internet research techniques.
Excellent verbal and written communication skills.
Highly developed analytical and problem-solving skills.
Good organizational skills.
High degree of accuracy and attention to detail.
Ability to work and contribute to a team-oriented and collaborative environment to improve the analytical and reporting processes.
Ability to meet deadlines and manage multiple tasks in a fast-paced environment.
Ability to mentor and assist department staff.
No travel requirements.
Physical demands (ADA): No unusual physical exertion is involved.
