AML Analyst III
About The Position
The AML Analyst III is a senior analyst that reports information and findings directly to the AML MSB Supervisor and Deputy AML Officer. Primary responsibilities include supervising junior analysts in daily activities and providing comprehensive investigations into customer activity which includes conducting high-risk customer reviews utilizing the Bank’s resources (system software, reports, databases, and system applications) analyzing and monitoring high-risk accounts and corporate structures for irregular transactions for customers. Responsible for auditing AML Programs related to Retail, MSB Division customers, PFP program managers, and regular monitoring of the Bank’s overall AML Program. Additional AML responsibilities are mentioned below. The position supports the overall AML/CFT compliance efforts as required under the Bank Secrecy Act, USA Patriot Act, and Office of Foreign Assets Control.
Requirements
- Excellent communication skills required (oral and written).
- 4+ years’ experience in Banking combined with AML/CFT investigations preferred.
- Knowledge of high-risk customer attributes and monitoring, Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD).
- Ability to define problems, collect data, establish facts and draw valid conclusion.
- Able to complete daily responsibilities with little supervision.
- Able to maintain confidential records in a detailed and organized manner.
- Ability to meet deadlines.
- Typing minimum of 30 wpm.
- Good organizational and reconciling skills.
- AML/CFT knowledge / background.
Responsibilities
- Complete Enhanced Due Diligence Reviews for high-risk customers for assigned business unit, Retail, Payment & FinTech Partnerships, and MSB Division customers, which at a minimum includes assessing the overall risk and completion of necessary documentation of findings.
- Act as a supervisory analyst on the NICE/Actimize system, working alerts and case files for assigned business unit, Retail, Payment & FinTech Partnerships, and MSB Division customers.
- Work closely with internal departments to obtain additional information and documentation on suspect accounts and file Suspicious Activity Reports when required.
- Review multiple AML reports, which could include legal servings, law enforcement 314(a) requests, branch referrals of suspicious activity, currency transaction reports (CTRs), e-Wire OFAC hits, daily OFAC SDN list changes, new account reports, monetary instrument logs, and others.
- Prepare/review audits of Retail, MSB and PFP functions, such as quarterly CIP audits, beneficial ownership audits, R-Check audits, OFAC e-wire audits, Alert QC audits, and CTR audits.
- Take an active role in training AML Analyst I’s and AML Analyst II’s in job responsibilities.
- Be knowledgeable on all aspects of the Bank’s AML Program regarding monitoring customer activity in assigned business units and be prepared to answer questions from all departments and Bank staff regarding these requirements.
- Comply with the requirements of OFAC, the FBI’s Control List and USA Patriot Act, as applicable.
- Every employee of Republic Bank is responsible for knowing and practicing Bank Secrecy Act Laws (AML/CIP/SAR/CTR/OFAC), the USA Patriot Act, and other related regulations as they relate to their specific job function.
Benefits
- Generous Paid time Off (PTO) to help you rest, recharge, and take care of what matters most
- Health, dental, and vision insurance with tax-advantaged FSA and HSA account options
- Retirement benefits including 401k plan with discretionary matching contributions.
- Childcare assistance program to support working parents and their eligible dependents
- Parental Leave for both primary and secondary caregivers
- Short-term and long-term disability coverage for long-term income security
- Basic Life and AD&D insurance with elective additional coverage for you, your spouse, or children
- Mental health & wellness benefits including bank-paid Headspace meditation app subscription and access to our Employee Assistance Program
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
Number of Employees
101-250 employees
