Job Details
Job Overview
The AML Investigator will research, analyze, and investigate consumer/commercial account behavior for potential money laundering or terrorist financing related suspicious activity in accordance with Bank policies and procedures.
Job Description
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.
- Research and analyze customer activity compared to KYC documentation and internal/external information sources and make recommendations regarding the need for further review and/or SAR filing.
- Research and analyze customer activity compared to KYC documentation and internal/external information sources and make recommendations regarding the need for further review and/or SAR filing.
- Conduct suspicious activity investigations and determine whether a Suspicious Activity Report is needed. Draft narrative for each case substantiating the decision/recommendation.
- Draft and file Suspicious Activity Reports with FinCEN.
- Manage complex cases involving matters such as multiple relationship accounts, international wires involving Bank-designated high risk jurisdictions, and complex cash structuring schemes.
- Identify and analyze records of outside agencies to facilitate investigations including credit bureau records, police and court records.
- Make recommendations for closing customer accounts/relationships based on investigation.
- Correspond with employees and customers in connection with matters such as structuring.
- Prepare bank wide guidance on AML matters.
- Work with the business and AML Investigations to understand and resolve potential AML monitoring issues.
- 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.
RequirementsRequired Skills:
- Knowledge of laws applicable to money laundering, to include the BSA, The USA Patriot Act, U.S. Treasury AML guidelines, OFAC requirements and Suspicious Activity Reporting requirements.
- Strong verbal and written communication skills.
- Superior organizational and analytical skills. Strong time management skills.
- Strong research skills.
- Advanced skills in the use of Microsoft Word, Excel, Access, and Outlook. Experience with online research systems including web-based tools.
- Ability to maintain attention to detail and accuracy under pressure situations.
- Team oriented and able to work independently.
- Ability to prioritize and organize assignments.
Required Experience:
- High School Diploma or GED and a minimum of two years in banking operations or investigative law enforcement experience related to anti-money laundering.
- Bachelors Degree preferred.
- CAMS certification preferred.