Responsible for fulfilling the Anti-Money-Laundering, Secrecy Act requirements through identification and investigation of suspicious activity.
Analyze customer account transactions to detect suspicious activity and make decisions on appropriate action to take.
Work cooperatively with business line to establish procedures for identifying suspicious customer transactions, specific to money laundering, including the proper method for reporting such activity to the anti-money-laundering group.
Provide guidance, support, and recommendations to business lines regarding customer AML risk ratings and account activity.
Based on the outcome of the investigation, analyze, and determine whether a Suspicious Activity Report (SARs) must be filed with the Federal Government for any identified suspicious activity.
Work cooperatively with internal departments, financial institutions, and local, state, or federal authorities to obtain and analyze necessary info.
Skills/Experience
Responsible for the reviewing of currency transactions and suspicious activity in accordance with the Bank Secrecy Act.
Under general supervision and guidance, responsibilities are varied and moderate to complex.
Follows defined procedures, policies, and precedents.
Refers unusual situations that require exceptions to Manager or Supervisor.
Supervisor schedules work however incumbent prioritizes assigned tasks.
May serve as a resource for less experienced staff and assist in their training.
Knowledge of operational policies, procedures, products, and services.
Strong ability to identify and interpret data and resolve exceptions.
Good interpersonal, verbal, and written communication skills.
Good knowledge of PC based software, i.e., Word, Excel, etc. and applicable business line systems.
Requires a high school diploma or equivalent.
Strong analytical skills and one to three or more years of related work experience.
Required Qualifications
Bachelor’s Degree or 2-3 years of related experience
Ideally those with degrees in Business, Finance, Economics, Banking, Journalism, Criminal Justice, JD, or Law Enforcement and some job-related experience in those fields or banking
Basic understanding of Bank Secrecy Act (BSA)/AML laws and regulations
Proficient computer skills, especially Microsoft Office applications (Excel, Word)
The ability to work independently and confidently with WFH is also important.
Excellent communication skills – both verbal and written
Displays cheerful outlook and high aptitude for learning and growth.
Extracurricular activities during college
Knowledge of Anti Money Laundering, Bank Secrecy Act, US Patriot Act is a plus.
Research
The ability to analyze and write based upon the analysis conducted is critical.
Time management
Any practical experience they have in applying those skills is a plus on the resume’ as well.
Seniority level
Associate
Employment type
Full-time
Job function
Finance and Sales
Industries
Staffing and Recruiting
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