AML/CFT Fraud Analyst I

Greenfield Savings•Greenfield, MA

4d•$24 - $34•Hybrid

About The Position

This position is responsible to perform duties pertaining to GSB’s BSA and Identity Theft Prevention Programs. Duties include analyzing, investigating of transactional activities, maintaining our Currency Transaction Reporting (CTR) requirements, assisting in Suspicious Activity Report (SAR) filings, and maintaining and analyzing Red Flag forms.

Requirements

Ability to interact with all levels of staff and management during the course of daily work activities using tact and showing consideration and respect for co-workers.
Ability to deliver excellent customer service whether by phone or through the departmental ticketing system.
A high school diploma and/or 2 or more years work experience equivalent.
Strong analytical and organizational skills
Ability to work independently
Ability to perform tasks quickly and accurately
Effective interpersonal relationships with management and team members.
Excellent written and oral communication skills.
Ability to clearly express written conclusions using proper grammar, spelling, and punctuation.
Ability to manage multiple tasks and meet deadlines
Must have strong computer skills (i.e. Word, Excel, Nautilus, Cleartouch and AML Software).

Nice To Haves

Expanded knowledge of BSA/AML FFIEC requirements
Experience with AML systems and technologies
Detailed knowledge of banking processes is preferred

Responsibilities

Analyze and investigate transactional activities (alerts) for possible AML-related features.
Escalate potential suspicious activity to the BSA/AML Officer for further review.
Review, verify, and maintain accuracy of the daily cash transaction reports.
Submit electronic FINCEN CTR reports as needed.
Data entry of Business Account Questionnaire information into appropriate systems.
Review potential OFAC failed wires using approved tools.
Process Death Notifications according to approved procedures.
Assist in the review of some Red Flag forms according to approved procedures.
Maintain continuing education to maintain proficiency with BSA/AML/Fraud compliance laws and regulations.
Develop and document non-complex departmental processes and procedures.
Participate in department phone queue for incoming inquiries (internal and external).
Monitor and respond to non-complex items submitted through the department ticketing system.
Assist other departments when needed.
Performs other duties as assigned.
Aids in developing procedures that meet regulatory requirements.
Identifies weaknesses in existing procedures and recommends corrective action.
Responsible for escalating any issues that require management attention
Complete online courses as assigned.
Review and follow all applicable policies, procedures, state, and federal regulations for your position.
Assist with Internal Audit or Compliance Testing
Identify any new risks and escalate to management
Participate in fraud prevention initiatives
Demonstrate Fraud awareness culture within the organization
Improving processes through continuous improvement
Training initiatives and enhancements
Identify potential consumer harm in products, services, or practices