Summary
- The AML Analyst is responsible for performing AML Reviews / Investigations of account activity and recommending the filing of Suspicious Activity Reports (SARs) and / or relationship termination, as appropriate.
- Conduct research over available Bank systems, the Internet, and Commercial Databases consistent with the resolution of case reviews and investigations.
- Collect and examine financial statements and documents to assist in identifying unusual transaction patterns.
- Document and report the review / investigation findings and prepare case files with required supporting documentation (e.
g., media search results, copies of statements / checks, results from internal system searches etc.).
- Follow-up with additional Point(s) of Contact (POC) as needed to identify additional information in support of the case.
- Liaise with other FIU units, Advisory, Business Compliance teams, CSIS, FIU Legal, GIU, and Law Enforcement.
- Draft and file Suspicious Activity Reports (SARs) consistent with FinCEN requirements.
- Recommend relationship retention or termination and track account closures as required.
- Interact with Senior Management on the Compliance, Legal and business sectors concerning AML issues.
- May provide direction to more junior staff.
Required Skills :
- 1 5+ years of experience in reviewing customer transactions and information for identifying potentially suspicious activity and performing AML or fraud reviews / investigations
- Experience in writing and preparing Suspicious Activity Reports (SARs) in accordance with applicable regulatory requirements preferred
- Work experience in a financial institution with job specific work experience in AML
- Knowledgeable of the laws applicable to money laundering, including the Bank Secrecy Act, the USA PATRIOT act, US Treasury AML guidelines, OFAC requirements, and Suspicious Activity Reporting requirements preferred
- General understanding of Senior Public Figures, Money Service Businesses, Wealth Management and Retail Banking preferred
- Established business knowledge and comprehension of financial products
- Excellent organizational, time management and project management skills
- Excellent research skills including experience with online search tools
- Advanced proficiency in Microsoft Word, Excel, Access, Power Point and Outlook
- Strong attention to detail and follow-up skills
- Strong writing, analytical and communications skills. Must be able to multitask and complete projects on time.
- SAR Writing experience, specifically in retail banking, and more knowledge of AML Red Flags such as cash structuring
- Ability to understand and draw conclusions from research conducted
- Should be a self-starter, and organized, and must have the ability to work independently, without supervision
- Proficiency in a foreign language is a plus
Education :
- 4 Year College Degree or equivalent experience
- CAMS certification preferred
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