What are the responsibilities and job description for the AML Compliance Specialist position at Metropolitan Capital Bank and Trust?
Our Company
Metropolitan Capital is a Universal Bank offering Private Banking & Wealth Advisory, Commercial Banking, and Investment Banking services. Using a creative and customized process, we deliver highly integrated solutions for high-net-worth individuals, family offices and the small to medium-sized businesses that they own and operate.
AML Compliance Specialist
Position Summary
We are seeking a driven, detail-focused, and analytically minded Anti-Money Laundering Specialist to join our team. The ideal candidate will have a keen eye for detail and be well versed in the laws, guidance, and best practices in anti-money laundering techniques. The focus of the role will be to investigate and monitor financial activities within the bank to ensure all monetary transactions are legally compliant, minimizing and avoiding the risk of money laundering activities.
Responsibilities
- Conducts initial, interim and annual EDD reviews of BaaS/PaaS clients and related transaction monitoring according to established department schedules/protocols. Supports the business development team in addressing information and documentation needed prior to ratification and client onboarding.
- Serves as AML/Compliance contact/representative on prospective client calls related to BaaS/PaaS, correspondent banking, fintech, MSBs, crypto-related, TPPPs, and digital banking relationships.
- Updates NCino “Go to Market Pipeline” with compliance progress as needed. Provides status updates at scheduled periodic working sessions.
- Ability to work independently to address concerns with other departments and team members related to potential client onboarding with high or moderate-risk AML profiles as they arise.
- Ability to conduct thorough BSA/AML investigations for Suspicious Activity Reporting (SARs) and draft SAR investigation memorandums and SAR reports.
- Assist with recurring/normal internal BSA/AML workstreams according to schedule.
- Assists with the preparation of training materials and conducting in-house AML/CFT and Regulatory Compliance training and refresher training for related departments. Coordinates and schedules training as needed.
- Serves as Co-Administrator of BAI online training portal and reviews staff assignments progress reports; provides progress updates and reminders to appropriate staff.
- Assists with quarterly quality assurance reviews.
- Assists department with annual audit and examination deliverables as they occur.
Requirements
- 3 years’ experience with AML and banking regulations/guidance related to fintech, digital banking, crypto-related, Money Services Businesses (MSBs), domestic & foreign correspondent banking relationships, and Third-Party Payment Processors (TPPPs).
- Extensive knowledge of AML/CFT regulations (prefer five or more years), but more importantly, Banking as a Service (BaaS) and Payments as a Service (PaaS) experience.
- CRCM or CAMs certification preferred but not required.
- Knowledge of consumer and other regulatory compliance guidance (deposits, loans, trust, and general regulatory compliance).
- Experience with AML automated surveillance systems (ASMs) including behavior and rules-based parameters, alert clearing/disposition and case elevation protocols.
- Ability to adapt to an ever-evolving bank environment and ability to multi-task while managing higher departmental priorities.
- Demonstrable working knowledge of Adobe Acrobat, Excel, Outlook, Power Point, SharePoint, and Word.
- Excellent investigative and research skills.
- Adequate written and oral communication skills.