AML Associate

Responsibilities

• Review alerts produced from Actimize Suspicious Activity Monitoring system and internal referrals using both internal and external tools, escalating to investigation anything warranting further review.
• Properly document all parts of the alert review process, including reason for escalation or closure of the alert.
• Work with Branch personnel in order to attain proper KYC information and CIP documentation when warranted.
• Aid with special projects as provided by AML management.
• Aid the OFAC team with ruling out possible matches with SDN list of negative news searches. Inform Investigations Manager of common alerts to ensure the monitoring platform consistently addresses prevailing risk.
• Support in the day-to-day compliance efforts with AML/KYC requirements.

Requirements

• Working understanding of reporting requirements of the Bank Secrecy Act (BSA), and USA PATRIOT Act.
• Excellent oral and written communications skills.
• Ability to conduct research using various sources.
• Knowledge of MS Office Applications, including Excel and Word.
• Ability to maintain attention to detail and accuracy under pressure situations.
• Team oriented and able to work independently.

Qualifications

• High School diploma or GED and a minimum of 1 year experience in banking operations with an understanding of anti-money laundering processes or completion of the Valley internship program in AML.
• Experience with the NICE Actimize system preferred.