Job Description

Purpose:

The AML and Compliance Analyst role will assist in carrying out the tasks required to ensure the Bank is following its regulatory obligations under the AML/CFT Act.
Salary Range: $50,000 - $60,000 annually

Essential Job Functions:

• Execute AML reviews/investigations of account activity to determine necessity of SAR filing. Document and report the review/investigation findings and prepare case files with required supporting documentation (e.g. internet search results, copies of statements and transactions documentation, results from internal system searches). Complete Suspicious Activity Reports in a timely manner.
• Conduct periodic Enhanced Due Diligence reviews of high-risk customers to identify activity that is not in line with the customer’s profile.
• Responsible for Currency Transaction Reporting including daily reviews, processing and preparation of CTRs.
• Perform OFAC alert reviews that are generated via internal systems and conduct 314(a) searches in compliance with the Information Sharing requirements of the USA PATRIOT Act.
• Perform Quality Control review of new account opening documentation and provide feedback to branch personnel on KYC issues identified.
• Responsible for overseeing the Bank’s training program which includes the assignment and tracking of all annual online training.

Required Education, Knowledge, Skills and Abilities:

1. Bachelor’s Degree
2. CAMS Certification preferred
3. 3-4 years of experience in an AML transaction monitoring role
4. Strong understanding of Anti-Money Laundering (AML), USA PATRIOT Act and AML/CFT Act regulations
5. Detail oriented, self-motivated, strong communication and writing skills
6. Ability to interpret data and form a reasonable conclusion
7. Experience using BAM preferred

 

Job Tags

Similar Jobs