What are the responsibilities and job description for the AML Analyst I position at REPUBLIC BANK OF CHICAGO?
Job Details
Description
GENERAL FUNCTION: The AML Analyst I is primarily responsible for clearing daily Suspicious Activity Alerts (SAM) and reviewing/clearing e-Wire OFAC alerts. The position supports the overall AML/CFT compliance efforts as required under the Bank Secrecy Act, USA Patriot Act, and Office of Foreign Assets Control.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
The following is a list of essential functions, which may be subject to change at any time and without advance
notice. Management may assign new duties, reassign existing duties, or eliminate a function.
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Investigate and analyze suspect matches from e-Wire OFAC alerts and other list screenings.
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Work customer transaction alerts on the NICE/Actimize system, escalating suspicious activity to the AML Analyst II or AML Analyst III.
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Help prepare and file CTRs for Retail and MSB customers.
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Aid in Enhanced Due Diligence Reviews for high-risk retail customers.
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Aid in SAR preparation for activity identified as reportable.
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Provide other assistance as requested by the AML Officer in the daily managing of the AML/CFT and OFAC Compliance Program.
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:
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Excellent communication skills required (oral and written).
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Able to complete daily responsibilities with little supervision.
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Able to maintain confidential records in a detailed and organized manner.
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Ability to meet deadlines.
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Typing minimum of 30 wpm.
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Good organizational and reconciling skills.
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AML/CFT knowledge / background or banking experience.
ADDITIONAL RESPONSIBILITIES:
Every employee of Republic Bank is responsible for knowing and practicing Bank Secrecy Act Laws (AML/CIP/SAR/CTR/OFAC), the USA Patriot Act, and other related regulations as they relate to their specific job function. Training will be provided during your Introductory Period and annually thereafter. If you need additional training, you are responsible for contacting your immediate supervisor.
WHAT WE OFFER
As part of our commitment to your physical, emotional, and financial wellbeing, we proudly provide a comprehensive benefits package, which includes:
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A competitive salary range estimated at $50,000 - $61,500 for this position. (Final compensation may vary based on experience, skills, and qualifications)
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Generous Paid time Off (PTO) to help you rest, recharge, and take care of what matters most
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Health, dental, and vision insurance with tax-advantaged FSA and HSA account options
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Retirement benefits including 401k plan with discretionary matching contributions.
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Childcare assistance program to support working parents and their eligible dependents
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Parental Leave for both primary and secondary caregivers
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Short-term and long-term disability coverage for long-term income security
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Basic Life and AD&D insurance with elective additional coverage for you, your spouse, or children
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Mental health & wellness benefits including bank-paid Headspace meditation app subscription and access to our Employee Assistance Program
We look forward to working with you and to the contributions you will make to Republic Bank of Chicago, as well as the opportunity to provide you with professional growth. However, we recognize that you retain the option, as does Republic Bank of Chicago, of ending your employment with us at any time, with or without notice and with or without cause. As such, your employment with Republic Bank of Chicago is at-will and neither this job description nor any other oral or written representations may be considered a contract for any specific period of time.
Qualifications
Salary : $50,000 - $61,500
