AML Analyst

Hills Bank•Hills, IA

1d•Onsite

About The Position

The AML Analyst supports the Bank's Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), Office of Foreign Assets Control (OFAC), and Customer Due Diligence (CDD) compliance programs. This position is responsible for monitoring customer activity, investigating suspicious transactions, reviewing alerts, supporting regulatory reporting requirements, and helping ensure the Bank maintains compliance with all applicable federal regulations and internal policies.

Requirements

BA or BS Degree
0-2 years of related experience and/or training related to banking, the Bank Secrecy Act and other laws and regulations or equivalent combination of education and experience.
Ability to work independently to provide technical and professional support to the BSA Officer.
An understanding of banking regulations.
Must be able to read, analyze and interpret government regulations, trade journals and legal documents.
Skills needed in a typical office environment.
Computer skills
Communications skills
Utilization of office equipment

Responsibilities

Assist with Currency Transaction Report (CTR) and monetary instrument daily reviews.
Ensure regulatory filings are completed accurately and within required timeframes.
Monitor and track SAR/CTR retention requirements.
Review and resolve OFAC and sanctions-related alerts.
Research potential matches and document decisions appropriately.
Escalate confirmed or potential sanctions concerns to management.
Review system-generated alerts for unusual, suspicious, or potentially fraudulent activity.
Conduct investigations of customer transactions, account activity, and relationships to identify potential money laundering, terrorist financing, sanctions violations, fraud, or other financial crimes.
Assist with the preparation, review, and filing of Suspicious Activity Reports (SARs) or escalate to the BSA Officer promptly.
Assist with internal audits, external audits, and regulatory examinations.
Participate in ongoing BSA, AML, OFAC, and fraud-related training.
Support employee awareness efforts regarding financial crimes compliance requirements.