Anti Money Laundering Analyst

This position will analyze and resolve transaction monitoring alerts generated by our monitoring system by conducting research and account reviews to identify trends and patterns consistent with money laundering, terrorist financing or other financial crimes in order to detect and deter suspicious activity under the Bank Secrecy Act and Anti-Money Laundering rules and regulations.

Also has responsibility for data analyses to identify significant trends requiring further investigation, root causes, and predict potential impact. Assists in performing risk rating mitigation reviews and/or statistical report reviews to ensure set parameters in AML system remain relevant. Identifies products/services and client types with highest degree of compliance risk.

ESSENTIAL FUNCTIONS:

• Identifies products/services and client types with highest degree of compliance risk
• Acts as a front-line contact with both internal and external clients
• Serves as a subject matter resource involving BSA and AML issues and provides interpretations or clarifications to bank personnel
• Ensures compliance in accordance with regulatory mandates, interagency guidance and internal processes
• Confers with other Compliance Consulting Services, Information Security and Loss Prevention Services personnel, as necessary
• Demonstrate commitment to Bank's risk management approach including compliance with all applicable industry regulations, state and federal regulations, Bank policies and procedures, and completion of all required training which supports compliance throughout
• Minimize fraud related losses by maintaining constant awareness and reacting promptly to suspicious activity and deceptive practices; follow established company guidelines for identification and reaction to suspicious activity and fraud

QUALIFICATIONS:

• Combination of education and experience that enables the candidate to be successful in the job generally acquired through the attainment of a bachelor's degree and minimum of three years of specialized experience in the BSA/AML area of a financial institution, particularly as it relates to High Risk Accounts
• Demonstrated knowledge of banking, including the internal structure of a financial institution, and elements of financial institution operations and services; Demonstrated in-depth knowledge of the Bank Secrecy Act and Anti-Money Laundering Rules and Regulations
• Ability to understand system documentation and regulatory reference materials
• Strong ability to understand specific BSA/AML risks and determine solutions to mitigate those risks
• Strong analytical skills required, ability to problem solve by gathering necessary account data, conduct investigation, review and analyze to define the problem, locate its source, and develop and recommend solutions
• Has the ability to use rigorous logic and methods to develop persuasive arguments in case write-ups.
• Ability to effectively communicate both orally and in writing with internal and external customers
• Ability to present a professional image and demeanor to internal and external customers
• Interact constructively and effectively with all constituencies and work collaboratively toward a common goal
• Communicate effectively with clients and groups of employees in order to build and maintain positive relationships
• Ability to effectively present information and response to questions from groups of employees, managers, and/or customers
• Multi-task and maintain an optimistic outlook in a fast-paced work environment
• Accept and implement changes with processes, people, and circumstances exhibiting a positive approach to each situation
• Provide exceptional service to all customers and personalize interactions
• Interpret and carry out objectives furnished in written or oral form and a demonstrated commitment to act within industry standards
• Read and interpret safety rules, operating and maintenance instructions, and procedure guidelines and manuals
• Operate standard office equipment