Bachelor degree, or commensurate work experience, required.
Minimum of two (2) years of work experience in AML, or comparable field, in a financial institution required.
Professional Certification (CAMS, CFE, CBAP, CRCM or other related certifications), or willingness to obtain certification within approximately 18 months of employment, required.
Job Purpose and Scope:
Responsible for processing Currency Transaction Reports (CTRs), ensuring accurate records are maintained on the bank-wide Monetary Instrument Log, assisting with resolution of CIP exceptions and performing AML alert reviews. Reports to the AML Operations Manager.
Essential Job Functions:
Performs AML alert reviews.
Uses case management, monitoring software, other Bank systems and third party websites and repositories to perform tasks.
Researches, analyzes and manipulates transactional data using system-generated spreadsheets to identify suspicious activity.
Forms initial determinations regarding additional actions to be taken.
Reviews customer accounts for large currency transactions to identify potential cash structuring.
Prepares CTRs for review and filing by the AML Operations Manager.
Identifies and recommends business customers who may be eligible for CTR reporting exemptions.
Identifies opportunities for additional training of Bank employees on CTR completion.
Assists the AML Operations Manager in reviewing Phase I and Phase II exempt customers to validate their continued exemption status or revocation.
Reports any late CTR filings or potential late filings to the AML Operations Manager.
Responds to questions from retail staff regarding large currency reporting procedures and policy.
Reviews bank-wide Monetary Instrument Log for record of required transactions.
Assists with resolution of CIP exceptions.
Assists in the scrubbing of customers and transactions against the 314a list.
Assists in OFAC related screenings and "hit" resolutions.
Assists the AML Operations Manager in preparing reports and documentation at the request of auditors, examiners or Bank senior management.
Achieves and maintains satisfactory quality assurance (QA) scores in accordance with departmental standards.
Assists other teams within BSA Administration, as necessary.
Regularly exercises discretion and judgment in the performance of essential job functions.
Maintains good punctuality and attendance to work.
Follows Bank policy, procedures and guidelines.
Performs or assigns other tasks as directed by the AML Operations Manager.
Knowledge, Skills & Abilities:
Knowledge of BSA/AML laws (including Bank Secrecy Act, USA PATRIOT Act, US Treasury AML guidelines and OFAC requirements).
Knowledge of due diligence and enhanced due diligence processes and advanced research techniques using the Internet, public websites and third-party repositories.
Knowledge of AML software and case management systems.
Ability to communicate effectively, both verbally and in writing, including ability to present to senior and executive management.
Ability to work effectively independently, without supervision.
Ability to multi-task, organize work, manage projects and prioritize work projects in a timely manner.
Ability to maintain attention to detail.
Skill in using computer, including Microsoft Office Suite (i.e., Word, Excel, PowerPoint and Outlook).
Equipment Used in Job Performance/Working Environment:
Major Job Demands (Physical/Mental):