AML Analyst, Cannabis

About the role

CFG Bank, based in Baltimore, Maryland, is a leading financial institution serving the national healthcare and multifamily markets and the Mid-Atlantic region. As the 6th largest bank in Baltimore by deposits and the largest locally based, we've grown from $1 billion to over $6+ billion in assets by 2026. With over 30 years of expertise, we rank among the top five healthcare bridge-to-HUD lenders in the country. At CFG Bank, we redefine banking by blending big bank capabilities with personalized boutique service. Recognized as a “Best Place to Work” by the Baltimore Business Journal across multiple years, we’re intentional about creating an environment where people feel valued, supported, and excited about work each day. Our goal is simple: to make every team member feel that choosing CFG Bank was one of the best decisions of their career. Join us and experience what sets CFG Bank apart.

Responsibilities

• Conduct initial and ongoing Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) for cannabis-related customers, including direct (plant-touching) and indirect cannabis-related businesses.
• Review licensing, beneficial ownership, regulatory standing, transaction activity, cash flow, and consistency with the customer’s stated business purpose and risk profile on an ongoing basis.
• Maintain complete, accurate, and well-documented customer files that support regulatory, audit, and examination review.
• Review automated transaction monitoring alerts and internal referrals related to cannabis customers using the Bank’s AML monitoring systems.
• Investigate unusual or potentially suspicious activity, with heightened focus on cash activity, rapid movement of funds, commingling, third-party payments, structuring, and other cannabis-related risk indicators, and document findings in a clear and defensible manner.
• Escalate identified risks, trends, or concerns to the BSA Officer or manager, as appropriate.
• Prepare timely, complete, and accurate Suspicious Activity Reports (SARs), including clear narratives that reflect a thorough understanding of cannabis-specific risks and regulatory expectations.
• Maintain supporting documentation and investigative workpapers sufficient to demonstrate compliance during regulatory examinations.
• Serve as an internal resource for cannabis-related AML/CFT questions from frontline staff, operations, lending, and other compliance personnel.
• Assist with the development, review, and maintenance of cannabis banking policies, procedures, and internal controls.
• Support broader BSA/AML reviews, investigations, and related compliance activities as needed based on team priorities and business needs.

Qualifications and Requirements

• Bachelor’s degree or equivalent experience, plus 3–5 years of BSA/AML experience within a financial institution, including CDD/EDD, transaction monitoring, and SAR investigations.
• Strong understanding of cannabis-related AML risks, including cash-intensive businesses and complex ownership structures.
• Prior experience supporting a cannabis banking program at a regulated financial institution preferred.
• Professional certification such as CAMS, CFE, or similar AML/compliance designation preferred.
• Experience supporting regulatory examinations conducted by federal or state banking regulators preferred.
• Familiarity with GreenCheck and/or Verafin preferred.
• In-depth knowledge of BSA/AML/CFT regulatory requirements and examiner expectations preferred.