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AML Investigator
US Bank - Cincinnati, OH
posted 17 days ago
About the position
U.S. Bank is responsible for maintaining an effective anti-money laundering (AML) program for monitoring, detecting, and reporting suspicious activity to appropriate regulatory agencies. As a member of the Enterprise Financial Crimes Compliance AML Investigations division, you will be part of the bank's second line of defense to prevent individuals and businesses from using U.S. Bank products and services for illegal purposes. As an AML Investigator, you will conduct enterprise-wide investigations identifying unusual activity and preparing Suspicious Activity Reports (SARs) to be filed with Financial Crimes Enforcement Network (FinCEN) as well as writing and preparing cases that result in No SARs. An AML Investigator should have a basic understanding of AML/BSA laws and regulations, the financial services industry, and regulatory trends that impact their assigned line of business. During the investigation, you may identify gaps and help drive solutions that minimize losses resulting from inadequate internal processes, systems, or human errors. You will assist in identifying and/or escalating risks, as appropriate.
Responsibilities
- Conducting comprehensive case investigations which includes analyzing transaction information, reviewing customer data, researching open source and media checks, and recommending a SAR or no SAR to be filed
- Working cooperatively with internal departments to obtain and analyze necessary information related to the investigation
- Preparing quality investigative documentation which includes clearly articulating written detailed case notes, and providing attachments of internal and external research
- Preparing the SAR form when a case investigation results in a SAR recommendation
- Recommending customer relationship closures, case escalations or case referrals as appropriate
- Ensuring case production and quality goals are met
- Completing other duties as assigned
Requirements
- Bachelor's degree, or equivalent work experience
- Typically 2+ years of applicable experience
Nice-to-haves
- Experience in banking, and/or AML compliance
- Effective oral and written communication skills
- Strong proficiency in Excel
- Strong analytical skills
- Strong problem-solving skills
- Ability to adapt to a changing environment and handle multiple priorities
- Strong attention to detail
- Knowledge of Microsoft Office applications, along with general proficiency in adapting to new software applications
- Knowledge of Bank Secrecy Act (BSA)/AML laws and regulations
- Knowledge of Actimize case management system
- Knowledge of retail banking, lending and bank operations processes
- Certified Anti-Money Laundering Specialist (CAMS) certification preferred
Benefits
- Healthcare (medical, dental, vision)
- Basic term and optional term life insurance
- Short-term and long-term disability
- Pregnancy disability and parental leave
- 401(k) and employer-funded retirement plan
- Paid vacation (from two to five weeks depending on salary grade and tenure)
- Up to 11 paid holiday opportunities
- Adoption assistance
- Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
