AML Alert Investigator

Columbia Bank•Tigard, OR

4d•$25 - $42•Onsite

About The Position

The AML Alert Investigator analyzes account transactions for unusual, out of pattern or suspicious activity. The AML Alert Investigator I will be assigned alerts generated from the AML system’s rules that will vary in complexity and risk for financial crime. Responsibilities include understanding of all transaction monitoring rules underlying AML typologies and then reviewing and analyzing transaction alerts to assess whether the alerted activity is consistent with customer expectations and/or nature of the business and then appropriately disposition as non-suspicious or escalate the alert to case for further investigation. Recommends course of action to management based on an analysis of the findings and documents the analysis in the Bank’s AML transaction monitoring system. Supports the company’s compliance efforts with the Banking Secrecy Act (BSA). Perform review of assigned AML Transaction Monitoring System Alerts to determine if activity is sufficiently unusual or out of character to warrant the escalating of the alert as a case for further investigation. Determine if activity warrants the escalating of the alert as a case for further investigation. Maintain and demonstrate compliance with all bank regulations for assigned job function and apply to designated job responsibilities; follows all Bank policies and procedures, compliance regulations, and completes all required annual required or job-specific training. Maintain a working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, 314(a), 314(b), and OFAC sanctions compliance requirements. May be asked to coach, mentor, or train others. Participates in ongoing training to maintain knowledge of BSA/AML and OFAC regulatory requirements and new and emerging money laundering and financial crime typologies. Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities – knowledge may be gained through coursework and on-the-job training. Keeps up to date on regulation changes. Follows all Bank policies and procedures, compliance regulations, and completes all required annual or job-specific training. Maintain a working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations as applicable to this job description. May be asked to coach, mentor, or train others and teach coursework as subject matter expert. Actively learns, demonstrates, and fosters the Columbia corporate culture in all actions and words. Takes personal initiative and is a positive example for others to emulate. Embraces our vision to become “Business Bank of Choice”. May perform other duties as assigned.

Requirements

H.S. Diploma/GED. Required
Bachelor's Degree in business, technology (IT/infosec/AI), risk management, or other applicable discipline or equivalent experience. Required
1-3 years of banking, risk management, compliance, IT/InfoSec, AI, or audit experience. Required
Working knowledge of tools and techniques employed in risk identification, risk assessment, monitoring, and reporting.
Ability to work under the direction of Manager or Risk Officer/Senior Risk Analyst on assigned work efforts, which may involve working with a multitude of business units/key stakeholders or other risk professionals.
Possess strong oral and written communication skills. Ability to present complex information to a variety of different audiences.
Knowledge of operational and enterprise risk management concepts, best practices, and regulatory guidance.
Working knowledge of Excel, Microsoft Powerpoint, MicroSoft PowerBI and knowledge IRM/GRC systems helpful.
Proven ability to problem-solve issues with moderate supervision.

Nice To Haves

Working knowledge of Excel, Microsoft Powerpoint, MicroSoft PowerBI and knowledge IRM/GRC systems helpful.

Responsibilities

Perform review of assigned AML Transaction Monitoring System Alerts to determine if activity is sufficiently unusual or out of character to warrant the escalating of the alert as a case for further investigation.
Determine if activity warrants the escalating of the alert as a case for further investigation.
Maintain and demonstrate compliance with all bank regulations for assigned job function and apply to designated job responsibilities; follows all Bank policies and procedures, compliance regulations, and completes all required annual required or job-specific training.
Maintain a working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, 314(a), 314(b), and OFAC sanctions compliance requirements.
May be asked to coach, mentor, or train others.
Participates in ongoing training to maintain knowledge of BSA/AML and OFAC regulatory requirements and new and emerging money laundering and financial crime typologies.
Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities – knowledge may be gained through coursework and on-the-job training.
Keeps up to date on regulation changes.
Follows all Bank policies and procedures, compliance regulations, and completes all required annual or job-specific training.
Maintain a working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations as applicable to this job description.
May be asked to coach, mentor, or train others and teach coursework as subject matter expert.
Actively learns, demonstrates, and fosters the Columbia corporate culture in all actions and words.
Takes personal initiative and is a positive example for others to emulate.
Embraces our vision to become “Business Bank of Choice”.
May perform other duties as assigned.

Benefits

Comprehensive healthcare coverage (medical, dental, and vision plans)
401(k)-retirement savings plan with employer match for qualifying associate contributions
Employee assistance program
Life insurance
Disability insurance
Tuition assistance
Mental health resources
Identity theft protection
Legal support
Auto and home insurance
Pet insurance
Access to an online discount marketplace
Paid vacation
Sick days
Volunteer days
Holidays