AML Consultant - Investigations

The AML Consultant – Investigations is responsible for various functions related to BSA/AML/OFAC compliance.  The Consultant will work closely with the Assistant AML Manager and AML Manager with oversight of investigations and perform various functions related to investigation of suspicious activity.

ESSENTIAL DUTIES AND RESPONSIBILITIES

1. Review escalated transactions/activity as assigned in AML system to determine if the transactions/activity is suspicious.
   
2. Conduct complex investigations of suspicious activity, including law enforcement requests and Grand Jury Subpoena reviews.
   
3. Interface with customer servicing officers and other bank employees regarding customer transactions and/or deficiencies in customer identification or due diligence detected during the monitoring process.
   
4. Document investigations within the Bank’s automated BSA/AML transaction monitoring system.
   
5. Draft SARs for filing with FinCEN, including Continuing Activity Reviews.
   
6. Perform negative news searches.
   
7. Present information on investigations reviews at committee meetings.
   
8. Assist in special projects and tasks for the department as directed.
   
9. Assume responsibility for various departmental functions in the absence of staff members and when work balance situations arise.
   
10. Communicate suspicious activity to the Anti-Financial Crime (AFC) Manager and/or Director of AFC.
    
11. Compliance with any and all BSA/AML/CFT and Sanctions requirements set forth by Bank Policy and Procedure, including but not limited to timely completion of assigned training.

SECONDARY DUTIES

1. Full understanding of FFIEC BSA/AML Manual regarding higher risk customer types, associated risk factors, and red flags for suspicious activity.
2. Assist in training newly onboarded team members.
3. Review and appropriately act on new, revised, or proposed laws, policies, and procedures.
4. Assist auditors and bank examiners with AML inquiries.
5. Provides support to all areas of the BSA department as directed or where service or assistance is needed.
6. Any and all other duties as requested by management.

SUPERVISORY RESPONSIBILITY

This position is not responsible for the supervision of staff.

ENVIRONMENT AND PHYSICAL ACTIVITY

The incumbent is in a non-confined office setting in which they are free to move about at will.  In the course of performing the duties and responsibilities of this position spends time writing, speaking, listening, lifting (up to 25 pounds), sitting, typing on a computer keyboard, and standing, kneeling and reaching.

The incumbent for this position may operate any or all of the following: telephone, copy and fax machine, adding machine, computer and related printers.

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential function of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The incumbent in this position must be able to read documents or instruments, detailed work, problem solving, customer contact, reasoning, math, verbal and written communication, analytical reasoning, multiple tasks with constant interruptions.

MINIMUM REQUIREMENTS

• Minimum of 5 years of experience in financial services operations, audits, or any equivalent combination of financial industry experience.
• Minimum of 5 years of experience in Financial Crimes, BSA/sanctions/fraud, or any combination thereof.
• Minimum of 2 years of experience in quality control or senior analyst level position in Financial Crimes, BSA/sanctions/fraud, or any combination thereof.
• BSA/AML Certified (CAMS, AMLCA, CFCS, etc.) required or commitment to become certified within specified and agreed upon time period.
• Proficiency in Microsoft Word and Excel.
• Proficiency in internet research and other research tools.
• Excellent verbal and written communication skills.
• Excellent time management skills.
• Enthusiastic, self-motivated, and effective, with ability to work independently and as part of a team.
• Ability to meet deadlines and manage multiple tasks concurrently.
• Attention to detail.
• Strong research and problem-solving skills.
• Ability to multi-task while maintaining high degree of accuracy.
• Ability to maintain a high level of confidentiality and professionalism.
• Experience with Verafin transaction monitoring system a plus.