Job Title | AML/CFT Transaction Monitoring Lead | Department | AML/CFT/OFAC | Reports To | AML/CFT Officer | FLSA Status | Exempt | | Job Summary | Subject matter expert who guides, enhances, and participates in, the end-to-end transaction monitoring and suspicious activity surveillance and reporting process. Responsible for managing tasks related to investigative reviews, filing regulatory reports, enhanced due diligence as well as alerts and cases, to ensure compliance with BSA/AML/CFT (“AML”) regulation and Bank policy/procedure | Duties and Responsibilities | - Lead and guide the AML Analyst team to effectively and efficiently identify, investigate and report suspicious/irregular transactions in accordance with regulation and Bank’s AML policies/procedures.
- Develop, implement, and continuously improve the monitoring, investigation and reporting framework and methodologies to enhance detection capabilities.
- Create, maintain and own written procedures for EDD’s, Investigative Summaries, SAR’s and CTR’s.
- Ensure timely completion and appropriate rigor of internal investigations (Investigative Summary, EDD) and FinCEN reports (SAR / CTR). QA work as required. Serve as the primary escalation point for complex, urgent, or high-risk transaction monitoring alerts.
- Identify opportunities for improvement, mentor and train as needed. Manage workloads; escalate and inform on work status as required by the AML Officer.
- Establish and train on written procedures for all tasks including tracking and reporting. Collaborate with team colleagues to identify and propose process improvements to enhance efficiency.
- Review and analyze transaction alerts generated by monitoring systems; escalate suspicious cases and prepare detailed investigation reports.
- Ensure timely and accurate filing of SAR’s and CTR’s. Assign alerts daily, track for completion. Ensure EDD’s are tracked and completed within assigned timeframes.
- Enhance and maintain the Bank’s EDD program, ensuring it remains effective, risk-based, and aligned with regulatory expectations and industry best practices.
- Actively participate in enterprise/department level projects and committees.
- Travel to branches for in-person training relative to this position.
| Skills Needed | - CAMS Certification required to be maintained in continuous good standing.
- Successful completion of, and maintenance of, ACAMS CAMS-FCI advanced level certification. May be obtained post-hire if qualifications are verified prior to hire and commitment to reasonable timing/attendance are confirmed.
- Strong leadership abilities, high EQ required. Training and development may occur post-hire provided appropriate commitment is measured.
- Strong knowledge of AML/CFT laws, global sanctions regimes, and relevant regulations and guidance applicable to money laundering, including the Bank Secrecy Act, 2020 AML Law, the USA PATRIOT Act, US Treasury FinCEN AML/CTF guidance, OFAC SDN and country sanctions, as well as FATF international standards
- Strong analytical, research, and problem-solving skills, with meticulous attention to detail.
- Proficiency in data analysis and experience with high-volume datasets.
- Excellent writing skills to articulate complex analysis clearly and concisely.
- Effective interpersonal skills and the ability to collaborate with stakeholders.
- The ability to work independently and manage multiple priorities in a fast-paced, deadline-driven environment.
- Excellent written/verbal communication and presentation skills
- Proficient in utilization/administration of BSA/AML monitoring/interdiction platforms such as BAM , and new technologies
- Strong analytical abilities and problem-solving skills
- Excellent ability to perform research and leverage various resources, including the Internet, machine learning, and new technologies.
- Ability to coordinate and work collaboratively with internal and external parties
- Knowledge and experience to anticipate, identify and solve problems.
- Self-motivation and organizational skills
- Strong skills in internet based and system-based research techniques, email communications and ability to learn other related software applications as required
- 10 years BSA/AML/OFAC/CIP banking compliance experience
- Strong understanding of banking transaction monitoring, and suspicious activity monitoring
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