AML/CFT Analyst

Job TitleAVP SENIOR AML/CFT ANALYST RISK MANAGEMENTReports ToAML/CFT OFFICERSalary RangeTBDFSLA StatusEXEMPTJob SummaryAssists AML/CFT Officer with implementation of the Bank’s AML/CFT/BSA/OFAC program, 2020 AML Law, OFAC, CIP, and CFT policies and reporting. Responsible for monitoring, investigation of account activity, identification of suspicious activities and regulatory reporting. Evaluates and analyzes the information uncovered during the investigation and reports findings to AML/CFT Officer.Duties and Responsibilities Conduct detailed investigations and analysis of customer transactions, identifying potential money laundering, fraud, or other suspicious activities. Ensure compliance with AML/CTF laws. Responsibilities include analyzing complex data and providing insights to AML/CFT Officer. SAR InvestigationsConduct investigations by utilizing the bank’s resources: i.e. system software, reports, database, and system applications to determine if suspect account activity meets the established criteria for investigation of suspicious activity. Collect, document, research and compile investigation data (e.g. media search results, copies of statements/checks, results from internal system and internet searches etc.); prepare case files for reporting.Review monthly/quarterly cash reports for potential suspicious cash related activityThoroughly document and report SAR and No-SAR investigations; obtain requisite internal approvals; ensure timely preparation and filing of reports.Execute higher risk customer enhanced due diligence and reviewsInvestigate, prepare and file suspicious activity reportsCDD / EDDComplete assigned AML/CFT software alert reviews in an accurate and timely mannerValidate/change risk ratings based on review of KYC and CIP performed by branch personnel and report to AML/CFT Officer any deviation or changeUtilize all resources including account transactional data, AML/CFT software metrics, alerts, historic behaviors, make determinations of irregular activity through understanding of industry norms, business types, and regulatory definitions of suspicious activity. Document findings and support narratives in all EDD reportsMaintain, manage and control an updated EDD log and compare to AML/CFT software reviewsPrepare, and submit CDD/EDD reviews to AML/CFT Officer for review and sign offReview daily core system, AML software cash reports to identify CTR filings.Involvement in cash vault process to maintain awareness of client base utilizing service and impact on CTR reportingResearch and creates reports for management to respond to information requests from FinCEN and other government entities Monitors, inform and report to management any issues with AML/CTF software system Report to AML Officer monthly activity metrics ValuesMaintain the highest level of integrity and ethical business practicesCreate, encourage and participate in a collaborative environmentAssume responsibility for your successes and errorsQualifications5 years AML and/or compliance experience or equivalent5 years of audit or bank operations experience 10 years of banking experience Skills NeededCurrent knowledge of the laws and guidance applicable to money laundering, including the 2020 AML Law, BSA, USA PATRIOT Act, US Treasury AML/CTF guidelines, FATF, and OFAC. Excellent organizational and time management skillsStrong research skills and analytical abilitiesReport writing and strong technical skillsSound judgment and critical thinking skillsAdvanced MS Excel skillsComprehensive understanding of general banking operations activities, products and servicesAssists in special projects and tasks for the departmentGood mathematics, reasoning, oral comprehension skillsExcellent oral and written communications skillsOtherTravel between bank branches

Salary : $80,190 - $112,670