AML Analyst

Hills Bank•Hills, IA

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. The position monitors customer activity, investigates suspicious transactions, reviews alerts, supports regulatory reporting, and helps ensure the Bank complies with applicable federal regulations and internal policies. The role assists with Currency Transaction Report (CTR) and monetary instrument reviews, regulatory filings, retention tracking, OFAC and sanctions alert resolution, and BSA/AML investigations. It also supports SAR preparation and filing, audits and regulatory examinations, and employee training and awareness efforts. The AML Analyst works independently to provide technical and professional support to the BSA Officer.

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 an equivalent combination of education and experience.
Ability to work independently to provide technical and professional support to the BSA Officer.
Understanding of banking regulations.
Ability to read, analyze, and interpret government regulations, trade journals, and legal documents.
Computer, communication, and office-equipment skills needed in a typical office environment.

Responsibilities

Assist with daily Currency Transaction Report (CTR) and monetary instrument 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.
Escalate confirmed or potential sanctions concerns to management.
Review system-generated alerts for unusual, suspicious, or potentially fraudulent activity.
Investigate customer transactions, account activity, and relationships for potential money laundering, terrorist financing, sanctions violations, fraud, or other financial crimes.
Assist with preparing, reviewing, and filing Suspicious Activity Reports (SARs), or promptly escalate matters to the BSA Officer.
Assist with internal and external audits and regulatory examinations.
Participate in ongoing BSA, AML, OFAC, and fraud-related training.
Support employee awareness of financial crimes compliance requirements.