Anti-Money Laundering Analyst Jobs

AML Analyst III -Elmwood Park, NJ

FinTrust Connect is excited to announce that we have partnered with a reputable bank in search of a AML Analyst. This individual is primarily responsible for performing all functions associated with high-risk customer management including reviews related to monitoring high-risk customers. The AML High Risk Analyst is also a backup and support function for the AML Investigators in assisting with resolution of system alerts and investigation caseloads to ensure that work remains at acceptable levels. The AML High Risk Analyst is responsible for evaluating patterns in customers’ activity and researching against internal and external information sources for identifying potentially suspicious activity and escalating issues and findings, as appropriate, for advanced investigation and analysis, when potentially suspicious or unusual activity is identified during a high-risk review.

Why this Opportunity:

• Culture: This bank values a strong team-oriented culture that prioritizes inclusivity and professional development. They believe in creating a supportive and collaborative work environment where all employees feel valued and empowered to reach their full potential. This institution is committed to fostering a positive and family-like atmosphere within the bank and to provide opportunities for career advancement and growth for their employees.

• Workplace (On-site, Hybrid, Remote): Hybrid (3 on / 2 off) in Elmwood Park, NJ

• Function: responsible for maintaining appropriate case management of high-risk customer reviews, evaluating patterns in customers’ activity, and for obtaining and maintaining necessary supporting documents.

Requirements:

• Strong knowledge of Anti-Money Laundering laws and regulations.
• Experience or familiarity with AML Customer Risk Rating process is preferred.
• Minimum of five (5) years of experience in BSA/AML (alert; case; high-risk); Retail Banking (branch operations) experience is beneficial.
• Strong interpersonal (verbal and written) communication skills with all levels of the company.
• Associate degree and/or equivalent work experience in the Banking/Financial industry.
• Proficient in MS Office (Outlook/Word/Excel/PowerPoint). Microsoft Macro experience is beneficial.
• Solid investigative skills and ability to work independently. Complete assigned duties within specified timeframes.
• Team-oriented individual with strong organizational and analytical skills, and willingness to tackle new and difficult challenges.
• Experienced with AML monitoring system (Verafin) preferred, not required
• CAMS Certified or certification in progress.

Description:

• Apply time management and organization skills to maintain appropriate case management and tracking of assigned work (via BAU logs or AML Dashboard).
• Recommend supported risk-based changes to customer risk rating based on overall analysis of customer profile and account activities.
• Maintain open and timely communication with BSA Management regarding any potential delays or road-blocks that impede workflows and deadlines (regulatory; BAU; projects).
• Identify and recommend changes to department policies and procedures.
• Assume additional responsibilities to assist with BAU workflows, Management reports, audits/exams, or department or bank-wide projects that require BSA oversight initiatives.
• Collect complete and accurate data that sufficiently supports case investigations and high-risk reviews, as well as alert clearing, when appropriate.
• Perform investigations to determine through transaction analysis, CIP and/or customer due diligence (CDD) if account transactions patterns are indicative of suspicious activities.
• Track internal/external communication through completion.
• Maintain electronic files within BAU or Department Shared folders.
• Recommend course of action (account closure; 314(b) Request; internal Request for Information (RFI); escalation to SAR Review Committee, etc.) based on the analysis.
• Conduct comprehensive analysis of HRC overall account(s) activity; request additional customer due diligence information, updated CIP/CDD questionnaires, or other records as needed; document analysis and results of the review.
• Perform required reviews associated with the Bank’s High-Risk Customer (HRC) profiles.
• Leverage contacts/responses to support overall analysis and conclusions.
• Prepare SAR narrative and PDF for activity recommended for a SAR filing.
• Utilize Bank source systems and other available internal and external sources to complete comprehensive analysis of transactions.
• Review internal/external alerts to identify the presence of unusual and/or potentially suspicious activity patterns that may require reporting based on BSA/AML requirements.
• Conduct 90-day follow-up review, as applicable.