(Aml) Anti Money Laundering Analyst

Overview of the Role

The AML Analyst is responsible for the day to day operation of the Credit Union’s Bank Secrecy Act Program. The position reviews alerts produced by the Credit Union’s BSA software, investigates unusual or suspicious activity and is responsible for filing required reporting. In addition, this position monitors high-risk activity to ensure the safety and soundness of the Credit Union’s member base.

AML Analyst Responsibilities

• Prepares and files all Suspicious Activity Reports (SARs) including associated narratives. Is responsible for complete, accurate and timely filing. Works with branch network and other departments to gather all relevant information. Prepares monthly report for the Board.
• Monitors and performs periodic reviews of high-risk accounts.
• Performs daily reviews of BSA, AML and OFAC alerts produced by AML/BSA software. Identities suspicious activity (red flags) in the review process.
• Sets up cases when warranted and performs related monitoring and investigation; documents steps taken to support action.
• Ensures data integrity within AML software; includes but is not limited to: risk rating of new accounts, completion of employer and occupation fields for new accounts, CDD and beneficial ownership information.
• Alerts the department supervisor about any emerging BSA/AML compliance issues and trends. Collects information from outside sources to help in determining if further action/investigation is required.
• Manage the credit union’s OFAC activities to ensure complete and accurate monitoring and resolution of OFAC alerts.
• Monitors activity to identify any marijuana-related businesses.
• Prepares and files all Currency Transaction Reports (CTRs). Is responsible for complete, accurate and timely filing. Works with the branch network and other departments to gather all relevant information.
• Review reports to ensure the proper collection of data at account opening.
• Complete other duties as assigned in order to support the department and the Credit Union.
• Complete reports and searches as required by FinCen or other governing entities.

AML Analyst Expectations

• Act as a back up to other members of the department as needed.
• Contribute to a positive environment that inspires GPO employees to display pride, passion and a commitment to our mission statement.
• Adapt a work ethic that is aligned with GPO’s mission and keeps our member service at the forefront.
• To contribute to the overall achievement of the credit union’s strategic goals and objectives.
• To effectively communicate information to senior management, department members and all employees and ensure understanding.
• Play an active role in local and national communities regarding relevant topics.
• Review daily publications related to BSA, AML and fraud to remain abreast of industry trends.

AML Analyst Qualifications

• Associate’s OR diploma with 5 years of similar experience
• Ability to work in a team setting as well as take on projects as an individual.
• Previous experience in the BSA/AML industry preferred.
• Determined and motivated individual with a positive attitude.

AML Analyst Physical Demands

• Sitting for prolonged periods of time
• Frequent typing
• Frequent computer usage and screen time