An AML Senior Investigator is responsible for maintaining certain aspects of the Bank's ML/CFT program and assists in meeting and maintaining BSA/AML compliance requirements of the Bank. Complies with all applicable, federal and state laws, regulations and guidance, including those related to Anti-Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act, etc.), as well as adhering to the Bank's policies and procedures to mitigate risk exposure to the Bank. Assigned to a team that is responsible for scrutinizing alerts which have been elevated from the transaction monitoring system and other channels to identify and report suspicious behavior and transactional activity to help prevent, detect, and deter ML/TF and other illicit financial activity using a risk-based approach. This includes performing in depth research and detailed account analysis reviewing and investigating cases on the Bank's Case Management System. This includes the review of normal and abnormal transactional activity that may range from routine to highly complex utilizing customer KYC, external research, and detailed account analysis. Case adjudications may result in SAR filings. Assists with mentoring and training team members.
- Perform analysis and complete dispositions on cases for potentially suspicious activity as it may relate to money laundering, terrorist financing, and other financial crimes. Compiles case files with the required supporting documentation for each investigation. Ensures that all investigations cases are completed on a timely basis. Completes Suspicious Activity Reports (SARs) in accordance with FinCEN's guidance and regulations. Refers for account closure where appropriate.
- Engage in additional assignments as directed by management. Attend and participate in team/department staff meetings and continuing education training. Acquire and maintain working knowledge of all compliance, regulatory, and business unit policy, standard and procedure requirements associated with the job. Ensure compliance with applicable federal, state and local laws and regulations. Complete all required compliance training. Maintain knowledge of and adhere to internal compliance policies and procedures. Take responsibility to keep up to date with changing regulations and policies. May assist management in the completion and tracking of various quality control functions in the FCC.
- Communicates with branch personnel and management to verify accuracy of customer information & determine if activity in question is expected for the particular type of customer, and are responsible to ensure all discrepancies are documented and resolved.
- Mentoring and coaching other team members.
- Uses independent judgement and discretion to make decisions.
- Performs special projects, and additional duties and responsibilities as required.
- Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.
Required Qualifications:
- Education level required: Undergraduate Degree (4 years or equivalent) in Finance, accounting, business management, or criminal justice or equivalent work experience.
- Three to five years of experience in BSA/AML performing alert/case financial investigations.
Preferred Qualifications:
- ACAMS Certification or CFCS.
Job Competencies:
- Working knowledge and understanding of general BSA/AML, OFAC, and USA PATRIOT Act and risk management principles.
- Working knowledge and understanding of Retail Banking and Lending products and services, and core banking systems.
- Knowledge of BSA monitoring systems preferred.
- Strong internet research skills.
- Strong verbal and written communication skills.
- Sound analytical and problem-solving skills.
- Good organizational skills.
- High degree of accuracy and attention to detail.
- Advanced computer literacy skills with proficiency in Microsoft Office as well as Internet research techniques.
- Ability to work and contribute in a team-oriented and collaborative environment to improve the analytical and reporting processes.
- Ability to meet deadlines and manage multiple tasks in a fast-paced environment.
- Ability to mentor and assist department staff.
- No travel requirements
- Physical demands (ADA): No unusual physical exertion is involved.
