AML/CFT Operations Specialist

FirsTier Bank•Broomfield, CO

5d•$30 - $35•Onsite

About The Position

The AML/CFT Operations Specialist position works closely with the bank’s AML/CFT Fraud Director and Corporate Operations in identifying suspicious activity through automated and manual processes, risk rating of customers, CTR decisions and review of SARs prior to filing. The position is also responsible for assisting the AML/CFT Fraud Director in the testing of procedures to ensure compliance with regulations.

Requirements

Minimum 5 years general banking experience
3-5 years of BSA compliance experience, including transaction analysis for suspicious activity
Experience with AML monitoring systems, Verafin preferred
Must be proficient in Microsoft Office (primarily Word and Excel)
Excellent verbal and written communication skills.
Excellent math skills.
Trustworthiness and the ability to act with integrity.
High school diploma or equivalent is required.
BSA Compliance: 3 years (Required)
Banking: 5 years (Required)

Nice To Haves

Previous experience working directly with the public preferred.
Verafin experience preferred. Other automated AML system experience considered.

Responsibilities

Review CIP documentation for new customers and identify exceptions.
Investigate alerts generated by the Bank’s AML monitoring system and determine if activity is reasonable or potentially suspicious. Document the research performed in a clear and concise manner and elevate activity that may warrant a SAR filing.
Review High Risk Customers, complete EDD reviews, including due diligence searches and transaction reviews.
Conduct investigations and prepare SARs based on investigation results, including the SAR form and narrative.
Review SARs prior to filing for accuracy, completeness, and concise, well-written SAR narrative.
Analyze various reports and data such as the wire logs, currency and misc. reports for suspicious activity, transaction patterns, high risk countries, etc. and perform appropriate investigations.
Perform reviews and testing of various procedures and responsibilities, including CTRs, CIP exceptions, OFAC verifications to ensure accuracy and compliance with BSA/OFAC regulations.
Review and investigate alerts related to potentially fraudulent activity.
Assist AML/CFT Fraud Director with preparing for initiatives such as BSA audits and exams, BSA risk assessment, and developing procedures.
Assist AML/CFT Fraud Director in responding to findings and recommendations from various initiatives and implementation of program enhancements, new procedures, etc.
Complete required training as designated by AML/CFT Fraud Director.
Investigate alerts related to OFAC sanctions, 314 (a) requests, and other searches as assigned.
Other duties as assigned.