What are the responsibilities and job description for the AML Analyst position at hillsbank?
SCHEDULE: Full-time; Monday through Friday 8:00 am-5:00 pm (some flexibility). Average of 40 hours a week.
BENEFITS: Our employees are our most valuable assets, so we invest in them with a comprehensive and competitive benefits package. Our philosophy of taking care of the customer extends to taking care of our employees so that they, in turn, can take good care of themselves and their families. Join Hills Bank and let us surprise you with even more perks!
SCOPE:
The AML Analyst supports the Bank's Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), Office of Foreign Assets Control (OFAC), and Customer Due Diligence (CDD) compliance programs. This position is responsible for monitoring customer activity, investigating suspicious transactions, reviewing alerts, supporting regulatory reporting requirements, and helping ensure the Bank maintains compliance with all applicable federal regulations and internal policies.
ACCOUNTABILITIES:
Regulatory Reporting
- Assist with Currency Transaction Report (CTR) and monetary instrument daily reviews.
- Ensure regulatory filings are completed accurately and within required timeframes.
- Monitor and track SAR/CTR retention requirements.
OFAC and Sanctions Compliance
- Review and resolve OFAC and sanctions-related alerts.
- Research potential matches and document decisions appropriately.
- Escalate confirmed or potential sanctions concerns to management.
BSA/AML Monitoring and Investigations
- Review system-generated alerts for unusual, suspicious, or potentially fraudulent activity.
- Conduct investigations of customer transactions, account activity, and relationships to identify potential money laundering, terrorist financing, sanctions violations, fraud, or other financial crimes.
- Assist with the preparation, review, and filing of Suspicious Activity Reports (SARs) or escalate to the BSA Officer promptly.
Examinations, Audits, and Training
- Assist with internal audits, external audits, and regulatory examinations.
- Participate in ongoing BSA, AML, OFAC, and fraud-related training.
- Support employee awareness efforts regarding financial crimes compliance requirements.
EDUCATION AND SPECIAL REQUIREMENTS:
- BA or BS Degree
- 0-2 years of related experience and/or training related to banking, the Bank Secrecy Act and other laws and regulations or equivalent combination of education and experience.
- Ability to work independently to provide technical and professional support to the BSA Officer.
- A qualified candidate will have an understanding of banking regulations. Must be able to read, analyze and interpret government regulations, trade journals and legal documents.
- This job requires skills needed in a typical office environment. This includes computer skills, communications skills, as well as utilization of office equipment.
EQUAL OPPORTUNITY EMPLOYER/VETERANS/DISABILITY