What are the responsibilities and job description for the AML Analyst position at Horizon Bank?
Job Overview
An AML Analyst assists in the implementation and administration of all aspects of the Bank Secrecy Act and assists with various assignments supporting the Compliance Program of the bank under the guidance of the AML Supervisor, Assistant AML / CFT Officer and / or AML / CFT Officer. This position performs various quality control reviews and monitoring pertaining to the Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering Program, OFAC and Customer Identification Program compliance using industry standards and regulatory guidance to ensure the Bank's compliance efforts are maintained on a daily basis.
Principal Accountabilities
Responsible for adhering to the reporting and recordkeeping requirements of the Bank Secrecy Act and Anti-Money Laundering rules and regulations, observing economic sanctions by prohibiting transactions as specified by the Office of Foreign Asset Control (OFAC, following the bank's customer identification program (CIP) rules, observing all Bank policies and procedures relating to BSA, OFAC, CIP, and related acts, and participation in ongoing related training. Represent the Bank to both internal and external contacts in a courteous, professional manner in face-to-face, written and telephone communications. Actively protect confidentiality of customer and account information. Demonstrate Horizon Bank's commitment to the communities we serve through involvement in local organizations and events.
Duties
- Perform customer and transaction analytics to identify trends and possible suspicious activity, escalate any concerns for case investigation.
- Assist in the preparation and submission of all Currency Transaction Reports (CTRs) within required time frames.
- Maintain Monetary Instrument Log (MIL) as needed.
- Review completed CDD / EDD questionnaires for compliance and risk purposes.
- Work with branch staff and internal partners on BSA / AML / CFT / CIP / OFAC compliance.
- Participate in on-going training as required to maintain knowledge of all federal and state laws and regulations, including Bank Secrecy Act and all related anti-money laundering and OFAC regulations, along with the Bank's policies and procedures.
- Other duties as assigned
Qualifications & Skills
Core Competencies
Physical Requirements
Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions in compliance with the Americans with Disabilities Act (ADA)
Physical Demand : Percentage of Time :
Communicate with regulators, vendors, advisors and managers regarding banking transactions and issues. Able to exchange accurate information with others.
90-100%
Able to verify authenticity of forms, documents and signatures. Able to verify identity of customers, vendors and service providers. Able to observe actions of others to ensure safety and security of the facility.
90-100%
Able to grasp, move and sort forms and papers.
90-100%
Constantly operate a computer and other office machinery such as calculator, copy machine, fax machine, scanner, printer and telephone.
90-100%
Able to remain stationary at a desk for long periods of time.
75-100%
Regularly move about the office to access file cabinets, storage drawers and various office equipment.
75-100%
Occasionally position self to reach heights between floor and 6'.
Horizon Bank is a proud Equal Opportunity Employer | Disability | Veteran Employer.
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