AML Specialist

About the role

The Financial Crimes AML Specialist will have a working knowledge of the basic principles of the Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) regulations with a focus on Suspicious Activity Reporting (SAR), Currency Transaction Reporting (CTR), Enhanced Due Diligence (EDD), Office of Foreign Assets Control (OFAC) Screening, and Customer Risk. The AML Specialist will be responsible for analyzing transactional activity, investigating red flags, performing customer due diligence, identifying and monitoring high risk customers, and reporting suspicious activity that may present increased risk for money laundering, terrorist financing, or other suspicious/illegal activity.

Responsibilities

• Detect and Report suspicious activity through many different forms of transactional monitoring by reviewing CTRs, manual reports, or activity that is produced by the bank's transaction monitoring software
• Identify and Monitor High Risk Customers through the completion of Enhance Due Diligence
• Complete CTRs as well as identify, research, and report any suspicious activity within the CTRs as required by the Bank Secrecy Act
• Disposition OFAC alerts generated from customer and transactions screening
• Other duties as assigned

Requirements

• Minimum of 1-3 years of retail banking experience required; in lieu of retail banking experience, commensurate work experience performing research, analysis, background checks, and reviewing financial documentation will be considered
• Working knowledge of bank products, services and transaction types
• Working knowledge of Microsoft Office programs
• Proficient written and verbal communication skills

Qualifications

• A college degree in Criminal Justice or a Business related field is a plus, but is not required

Skills

• Exceptional analytical and creative problem solving skills and the ability to work both independently and collaboratively
• High standards of courtesy, performance, and respect for confidentiality
• Ability to prioritize and perform specific tasks independently and collaboratively with accurate results
• Ability to adapt to change quickly and positively
• Ability to use standard computer software and quickly learn and navigate and operate job-specific software and web-based applications
• Ability to communicate efficiently, effectively, and professionally in person, on the phone, and through email to internal personnel and external business units

This response is AI-generated, for reference only.