AML Investigator II

Valley Bank•Aventura, FL

About The Position

The AML Investigator II is responsible for reviewing and analyzing alerts generated by the Bank's electronic monitoring software to determine if further review is warranted. This role involves conducting suspicious activity investigations, performing due diligence reviews on high-risk customers, managing complex cases, and drafting/filing Suspicious Activity Reports with FinCEN. The investigator will also analyze records from outside agencies, make recommendations for exiting customer accounts, and support management in day-to-day compliance efforts with AML/KYC requirements. Additionally, the role involves analyzing, planning, and completing special projects assigned by AML management.

Requirements

Strong knowledge of Bank Secrecy Act, USA Patriot Act, OFAC and Suspicious Activity Reporting requirements and regulations.
Excellent researching and analytical skills.
Must have the confidence and ability to identify potential issues and solutions and work with management to resolve those issues.
Strong time management skills and ability to prioritize and organize assignments.
Excellent verbal and written communication skills.
Ability to provide guidance and training to investigators within the department regarding AML, BSA and OFAC-related issues.
Ability to interact and respond intelligently to inquiries from Internal Audit and bank regulators.
Advanced skills in the use of Microsoft Word, Excel, Access, PowerPoint, Outlook and experience with on-line research systems including web-based tools.
Team oriented and able to work independently.
High School Diploma or GED and a minimum of three years experience with emphasis on BSA/AML, fraud, loss prevention or corporate security investigative experience or other experience analyzing customer financial activity for unusual behavior.

Nice To Haves

Bachelor's Degree
FINRA Series 7, 24, and/or 66
ACAMS certification

Responsibilities

Review and analyze alerts generated by the Bank's electronic monitoring software to make a determination as to whether activity warrants further review.
Review and analyze internal AML reports, draw conclusions and make recommendations regarding the need for further investigation.
Conduct suspicious activity investigations and determine whether a Suspicious Activity Report is needed.
Draft narrative for each case substantiating the decision/recommendation.
Conduct due diligence reviews on high risk customers through analysis of customer activity compared to KYC documentation and internal/external information sources to determine if further due diligence is needed and/or change in risk disposition is warranted.
Manage complex cases, reviews involving matters such as multiple relationship accounts and complex ownership structures.
Draft and file Suspicious Activity Reports with FinCEN.
Identify and analyze records of outside agencies to facilitate investigations including credit bureau records, police and court records.
Make recommendations for exiting customer accounts/relationships based on investigation or CDD/EDD.
Work with the AML management team to ensure the monitoring platform consistently addresses prevailing risk.
Support management in the day-to-day compliance efforts with AML/KYC requirements.
Analyze, plan and complete special projects assigned by the AML management.