AML Compliance Investigator
What will your day look like?
You will be responsible for performing Customer Identification Program (CIP), Know Your Customer (KYC), and AML compliance functions. Such functions include efficient gathering and review of new member information, as well as monitoring financial transactions for existing members to identify suspicious activities. The AML Compliance Investigator must analyze information received from other credit unions/banks and address AML economic sanctions-related to Office of Foreign Assets Control (OFAC) alerts. General direction is received from the Director, BSA and OFAC Officer.
Responsibilities
Do you see yourself doing this?
- Investigate and assess alerts relating to potential money laundering risks in the organization
- Review, resolve and/or escalate alerts or other material adverse media screens
- Collect documentary proof and build and maintain case files for transactions deemed suspicious
- Possess knowledge and understanding of FinCEN 314(a) rule of the US Patriot act
- Ensure completing review of the 314(a) report as warranted
- Prepares and Files Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) to appropriate governmental agencies in accordance with policies, standards, and procedures.
- Assist with addressing queries from other credit unions/banks relating to money laundering matters
- Reviews legal requests and conducts account reviews from a BSA/AML/USA PATRIOT Act perspective
- Stay current with money laundering and terrorist financing behaviors, issues, policies, regulations, criminal typologies, industry best practices, and developing trends
- Serve as a subject matter expert to employees, providing guidance on what actions to take in dealing with high risk accounts
- Help with AML compliance training on how to identify and report suspicious transactions
Qualifications
What makes you a great fit?
You’ll be a great fit if in addition to the completion of a Bachelor’s degree, and you have:
- Minimum of 3-5 years’ experience in AML compliance or a related field; or an equivalent combination of training and experience
- Good working knowledge with federal and state AML regulations including Bank Secrecy Act (BSA), OFAC and the USA PATRIOT Act
- Professional certification with an organization, such as the Association of Certified Anti-Money Laundering Specialists (ACAMS) within the first year of employment
- Ability to work effectively in a team and multi-task in a fast-paced environment
- Strong analytical and communications skills required
- Previous financial institution or credit union experience preferred
- Familiarity with AML issues and suspicious transaction monitoring systems
- Ability to easily grasp and comprehend AML risks specific to a particular business unit and develop extensive user requirements as well as recommend automated solutions to reduce those risks
- Proficient in Microsoft Office suite, e.g. Excel, PowerPoint, Word, Outlook and automated case management systems
When you’re happy, we’re happy!
As a thank you for joining our team, you’ll benefit from:
- Competitive medical, dental, and free vision benefits
- Competitive compensation plan
- Contributions towards gym memberships
- Generous PTO and banking holidays off