AML Compliance Analyst

Anti-Money Laundering Monitoring Analyst
The Anti-Money Laundering (AML) Monitoring Analyst will be joining an established team of analyst and will be responsible for reviewing transactions, documenting findings then identifying suspicious activity. This is accomplished by performing a detailed review of accounts and data generated from automated systems, which are designed for the detection of potential criminal activity, terrorist financing or suspicious activity. This role must understand the Bank Secrecy Act (BSA)/AML laws and regulations.

Position Competencies
Successful incumbents possess integrity and trust, attention to detail, listening skills, problem solving skills, ability to work independently, great analytical skills and interpersonal business communication skills, strong written and verbal communication skills.

Position Responsibilities:

• Independently review, research and document transaction activity to determine if activity suggests possible money laundering, terrorist financing or other BSA violations.
• If further review is warranted, comprehensive documentation is prepared for more extensive review by AML Investigations.
• Identify customer-related trends, patterns, typologies, and issues associated with money laundering, terrorist financing and other suspicious transactions.
• Document the review of activity (both suspicious and non-suspicious) by recording results in the Department's case management system.
• Analyze and organize information derived from multiple complex data sets.
• Work independently, meet deadlines, and adapt to changing priorities in a team setting.
• Strong writing skills should include being able to articulate complex situations into easily understood narratives.
• Maintain personal integrity and confidentiality of sensitive material.
• Perform special projects as required, maintain department goals, and any other duties as assigned.
• Assist with implementing upgrades to automated systems.
• Able to identify MSB activity, PEP's, and strong understanding of KYC.
• Develop a working understanding of automated alert systems and their unique report parameters.
• The scope of the reviews will include DDA Retail/Commercial, Consumer/Commercial Loans, and Trust accounts.
• Strong understanding of how transactions are processed, transaction codes and CSR journals.
• Analytic review of banking records, internet searches and other documents necessary to identify illegal or improper activity.
• Prepare accurate and detailed narratives of findings, using research tools, problem solving and strong written skills.
• Maintain a thorough knowledge of regulatory requirements, trends in money laundering crimes and attend/participate in anti-money laundering venues.
• Work with the Fraud Services staff to facilitate the detection of elder abuse and other possible fraud activity.