The AML Investigator conducts extensive, moderate to complex investigations into money laundering and financial crimes typologies to identify unusual and potentially suspicious financial activity, from various sources including but not limited to the AML monitoring system, reports, Suspicious Transaction Memo (STM) referrals, Customer Due Diligence and Enhanced Due Diligence referrals, new accounts, subpoenas, Information Sharing (314(a) and 314(b)) requests, and OFAC matches. Recommends course of action to management based on their investigative analysis of the subject’s activity, possible negative news and documents the analysis and recommendation in the Bank’s case management system. Supports the company’s compliance efforts with the Banking Security Act (BSA).

RESPONSIBILITIES

• Performs in-depth review of customer and transaction activity related to possible money laundering, financial crime predicate offenses to money laundering, terrorist financing typologies to identify trends and patterns of unusual or suspicious activity for possible Suspicious Activity Reporting (SAR) in compliance with the BSA/AML, USA Patriot Act.
• Research, analyze and investigate complex cases, including a holistic review of customer relationship, transactions and customer provided information to support recommendations for disposition (SAR or No-SAR).
• Prepares written investigation narratives and other required reports in compliance with established regulatory guidelines, procedures and time frames.
• Documents results of the investigation analysis within the case management system in such a manner to ensure it meets regulatory requirements.
• Communicates with branch, business units and management for clarification when researching and investigating cases, as necessary.
• As assigned, based on the investigative results, creates and files Suspicious Activity Report with FinCEN.
• Maintains a thorough understanding of money laundering and financial crime and terrorist financing typologies and predicate offenses for money laundering and is able to apply that understanding in analyzing customer transaction and behaviors to identify activity consistent with the typologies.
• Maintains a thorough understanding of the BSA/AML suspicious activity reporting requirements, 314(a) (b) and OFAC Sanctions compliance requirements. The AML Investigator maintains sufficient knowledge and understands when a potential case investigation should be brought to the attention of the Investigations Manager, Director of BSA Operations or Chief BSA Officer.
• Participates in ongoing training to maintain knowledge of BSA/AML and OFAC regulatory requirements and new and emerging money laundering and financial crimes typologies.
• Keeps abreast of Bank policy, procedure, systems, products and services. Monitors industry trends relative to money laundering or fraud schemes including detection and reporting of suspicious activity

QUALIFICATIONS

• 5 years banking experience required
• 3 years BSA experience required
• Certified Anti-Money Laundering Specialist (CAMS) or equivalent current professional certification(s) preferred

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)