What are the responsibilities and job description for the AML and Fraud Financial Intelligence Unit Investigator position at IDB Bank?
Company Description
For more than 70 years, IDB Bank has made it our mission to be the best bank for our clients by putting their needs first, and the success we’ve enjoyed fundamentally comes down to our people. Here at IDB, you’ll work side by side with some of the most talented professionals in the industry who share a strong sense of teamwork and a passion for providing exceptional service down to the smallest detail. We offer a comprehensive benefits package that includes generous paid time off and the ability to participate in our medical coverage and 401(k) plan on your very first day with us. We are also committed to diversity and inclusion, and to providing all of our team members with an equal opportunity to succeed and make meaningful contributions within a work environment that is respectful, welcoming and inclusive.
Job Description
Based in New York, the AML and Fraud Financial Intelligence Unit Investigatorworks under the Financial Intelligence Unit (FIU) Investigations Team Leads and in close conjunction with the ComplianceQuality Assurance Officers. Primary responsibility will be to conduct thorough AML / Fraud investigations of customer transactions and present and prepare SARs in order to ensure that the Bank is in compliance with BSA/AML regulatory requirements.
This individual must have a strong understanding of banking transactions as well as the implications on complying with all laws and regulations relating to money laundering including the Bank Secrecy Act, USA PATRIOT Act, KYC, OFAC, SARs and CTRs.
The AML and Fraud FIU Investigator is responsible for reviewing AML alerts for potentially suspicious activity while conducting due diligence through various sources, both internal and external, documenting investigations and its results and providing initial recommendations and dispositions with supporting reasons. The AML and Fraud FIU Investigator manages all alerts vertically through disposition/conclusion, which may include presenting the recommendation to the SAR Committee and preparing SARs, while ensuring that the entire process is handled in a timely manner. The AML and Fraud FIU Investigator is expected to become knowledgeable in currency regulations of the various countries in which the Bank has presence. The AML and Fraud FIU Investigator is also expected to multi-task ad hoc/special projects when requested by management together with the Investigator’s regular responsibilities.
The Bank will make reasonable accommodations to the following employees to allow them to perform the essential functions of their position, except where doing so would result in undue hardship to the Bank:
The Bank retains the ultimate discretion to choose the appropriate reasonable accommodation. Upon reaching a final determination at the conclusion of the cooperative dialogue, the Bank will provide the requesting individual with a written final determination identifying any accommodation granted or denied. In addition, the Bank will maintain any information regarding the employee’s request and status in the strictest confidence, except as requested by the employee, as required on a need-to-know basis or as otherwise required by law.
Qualifications
Minimum Requirements
The individual must have a solid knowledge of banking transactions, AML investigative processes and AML reporting requirements within the financial services industry. An Associates or Bachelor’s degree or equivalent work experience is required. The individual must be able to communicate effectively to management both orally and in writing. The individual must possess strong analytical skills; excellent follow through and attention to detail, consistent sound judgment, strong organizational skills and excellent time management. Individuals must be able to work independently and with minimal supervision while performing multiple tasks and meeting challenging deadlines. Excellent working knowledge of MS Word and Excel.
Desired Qualifications
Bachelor’s degree in finance, economics, criminology, or other related fields, 1-3 years experience in AML investigations, knowledge ofActimize systems. Broker Dealer experience and Fluency in Spanish is highly desirable. Knowledge of Portuguese and/or Hebrew is helpful. CAMS and CFE designation, knowledge of MS PowerPoint.
Compensation
The expected annual salary for this position is between $80,000 and $110,000 at the start of employment. A salary offer is determined on an individualized basis, taking into consideration factors such as an individual’s skills and experience. In addition to base salary, our total rewards package also includes eligibility for an annual bonus, medical, pharmacy, dental, and vision plans, life and disability insurance, employee wellness program, retirement and savings plans with employer contributions, generous holiday and paid time off schedules, parental leave, and tuition reimbursement.
Additional Information
The Bank will make reasonable accommodations to the following employees to allow them to perform the essential functions of their position, except where doing so would result in undue hardship to the Bank:
The Bank retains the ultimate discretion to choose the appropriate reasonable accommodation. Upon reaching a final determination at the conclusion of the cooperative dialogue, the Bank will provide the requesting individual with a written final determination identifying any accommodation granted or denied. In addition, the Bank will maintain any information regarding the employee’s request and status in the strictest confidence, except as requested by the employee, as required on a need-to-know basis or as otherwise required by law.
Disclaimer
The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.
All your information will be kept confidential according to EEO guidelines.
Due to COVID-19, we are now operating on a hybrid schedule. We value the safety of our employees because we’re all in this together.
NO AGENCIES PLEASE.
IDB BANK, INCLUDING ITS SUBSIDIARIES AND DIVISIONS, PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, AGE, DISABILITY, GENETIC STATUS, CITIZENSHIP STATUS, MARITAL STATUS, MILITARY OR VETERAN STATUS, CURRENT UNEMPLOYMENT OR ANY OTHER LEGALLY PROTECTED CATEGORY IN ACCORDANCE WITH APPLICABLE FEDERAL, STATE AND LOCAL LAW. NOTHING IN THIS SITE CONSTITUTES A PROMISE OR OFFER OF EMPLOYMENT.
For more than 70 years, IDB Bank has made it our mission to be the best bank for our clients by putting their needs first, and the success we’ve enjoyed fundamentally comes down to our people. Here at IDB, you’ll work side by side with some of the most talented professionals in the industry who share a strong sense of teamwork and a passion for providing exceptional service down to the smallest detail. We offer a comprehensive benefits package that includes generous paid time off and the ability to participate in our medical coverage and 401(k) plan on your very first day with us. We are also committed to diversity and inclusion, and to providing all of our team members with an equal opportunity to succeed and make meaningful contributions within a work environment that is respectful, welcoming and inclusive.
Job Description
Based in New York, the AML and Fraud Financial Intelligence Unit Investigatorworks under the Financial Intelligence Unit (FIU) Investigations Team Leads and in close conjunction with the ComplianceQuality Assurance Officers. Primary responsibility will be to conduct thorough AML / Fraud investigations of customer transactions and present and prepare SARs in order to ensure that the Bank is in compliance with BSA/AML regulatory requirements.
This individual must have a strong understanding of banking transactions as well as the implications on complying with all laws and regulations relating to money laundering including the Bank Secrecy Act, USA PATRIOT Act, KYC, OFAC, SARs and CTRs.
The AML and Fraud FIU Investigator is responsible for reviewing AML alerts for potentially suspicious activity while conducting due diligence through various sources, both internal and external, documenting investigations and its results and providing initial recommendations and dispositions with supporting reasons. The AML and Fraud FIU Investigator manages all alerts vertically through disposition/conclusion, which may include presenting the recommendation to the SAR Committee and preparing SARs, while ensuring that the entire process is handled in a timely manner. The AML and Fraud FIU Investigator is expected to become knowledgeable in currency regulations of the various countries in which the Bank has presence. The AML and Fraud FIU Investigator is also expected to multi-task ad hoc/special projects when requested by management together with the Investigator’s regular responsibilities.
The Bank will make reasonable accommodations to the following employees to allow them to perform the essential functions of their position, except where doing so would result in undue hardship to the Bank:
- Those with a known mental or physical disability.
- Pregnant individuals and/or individuals with pregnancy or childbirth-related medical conditions.
- Victims of domestic violence, sex offenses or stalking.
- Employees with religious observance and practice obligations.
The Bank retains the ultimate discretion to choose the appropriate reasonable accommodation. Upon reaching a final determination at the conclusion of the cooperative dialogue, the Bank will provide the requesting individual with a written final determination identifying any accommodation granted or denied. In addition, the Bank will maintain any information regarding the employee’s request and status in the strictest confidence, except as requested by the employee, as required on a need-to-know basis or as otherwise required by law.
Qualifications
Minimum Requirements
The individual must have a solid knowledge of banking transactions, AML investigative processes and AML reporting requirements within the financial services industry. An Associates or Bachelor’s degree or equivalent work experience is required. The individual must be able to communicate effectively to management both orally and in writing. The individual must possess strong analytical skills; excellent follow through and attention to detail, consistent sound judgment, strong organizational skills and excellent time management. Individuals must be able to work independently and with minimal supervision while performing multiple tasks and meeting challenging deadlines. Excellent working knowledge of MS Word and Excel.
Desired Qualifications
Bachelor’s degree in finance, economics, criminology, or other related fields, 1-3 years experience in AML investigations, knowledge ofActimize systems. Broker Dealer experience and Fluency in Spanish is highly desirable. Knowledge of Portuguese and/or Hebrew is helpful. CAMS and CFE designation, knowledge of MS PowerPoint.
Compensation
The expected annual salary for this position is between $80,000 and $110,000 at the start of employment. A salary offer is determined on an individualized basis, taking into consideration factors such as an individual’s skills and experience. In addition to base salary, our total rewards package also includes eligibility for an annual bonus, medical, pharmacy, dental, and vision plans, life and disability insurance, employee wellness program, retirement and savings plans with employer contributions, generous holiday and paid time off schedules, parental leave, and tuition reimbursement.
Additional Information
The Bank will make reasonable accommodations to the following employees to allow them to perform the essential functions of their position, except where doing so would result in undue hardship to the Bank:
- Those with a known mental or physical disability.
- Pregnant individuals and/or individuals with pregnancy or childbirth-related medical conditions.
- Victims of domestic violence, sex offenses or stalking.
- Employees with religious observance and practice obligations.
The Bank retains the ultimate discretion to choose the appropriate reasonable accommodation. Upon reaching a final determination at the conclusion of the cooperative dialogue, the Bank will provide the requesting individual with a written final determination identifying any accommodation granted or denied. In addition, the Bank will maintain any information regarding the employee’s request and status in the strictest confidence, except as requested by the employee, as required on a need-to-know basis or as otherwise required by law.
Disclaimer
The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.
All your information will be kept confidential according to EEO guidelines.
Due to COVID-19, we are now operating on a hybrid schedule. We value the safety of our employees because we’re all in this together.
NO AGENCIES PLEASE.
IDB BANK, INCLUDING ITS SUBSIDIARIES AND DIVISIONS, PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, AGE, DISABILITY, GENETIC STATUS, CITIZENSHIP STATUS, MARITAL STATUS, MILITARY OR VETERAN STATUS, CURRENT UNEMPLOYMENT OR ANY OTHER LEGALLY PROTECTED CATEGORY IN ACCORDANCE WITH APPLICABLE FEDERAL, STATE AND LOCAL LAW. NOTHING IN THIS SITE CONSTITUTES A PROMISE OR OFFER OF EMPLOYMENT.
Salary : $80,000 - $110,000
