What are the responsibilities and job description for the AML Case Analyst position at ARC Risk and Compliance?
The AML
Case Analyst has extensive knowledge of the principles of money laundering and
terrorist financing and AML policy and procedures. The AML Case Analyst will
Perform periodic due diligence reviews and 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.
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.
- 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.
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 Case Analysts
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,
Outlook and experience with online research systems including web-based
tools.
- Team oriented and able to work independently.
Requirements
- 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.
- ACAMS certification preferred.