AML Investigator
About The Position
As a member of U.S. Bank’s Enterprise Financial Crimes Compliance AML Investigations division, the AML Investigator works within the bank’s second line of defense to help prevent individuals and businesses from using bank products and services for illegal purposes. The role conducts enterprise-wide investigations into unusual activity and prepares Suspicious Activity Reports (SARs) for filing with the Financial Crimes Enforcement Network (FinCEN), as well as cases that result in no SAR. Investigators should have a basic understanding of AML/BSA laws and regulations, the financial services industry, and regulatory trends affecting their assigned line of business. They may identify process, system, or human-error gaps and help drive solutions that minimize losses, and assist in identifying or escalating risks as appropriate. The role is based in Cincinnati, Ohio, and follows a hybrid/flexible schedule, with an expectation of working in the office three or more days per week and flexibility to work outside the office for the remaining days.
Requirements
- Bachelor’s degree or equivalent work experience.
- Typically 2 or more years of applicable experience.
- Effective oral and written communication skills.
- Strong proficiency in Excel.
- Strong analytical and problem-solving skills.
- Ability to adapt to a changing environment and handle multiple priorities.
- Strong attention to detail.
- Knowledge of Microsoft Office applications and general proficiency in adapting to new software applications.
- Basic understanding of AML/BSA laws and regulations, the financial services industry, and regulatory trends affecting the assigned line of business.
Nice To Haves
- Experience in banking and/or AML compliance.
- Knowledge of Bank Secrecy Act (BSA)/AML laws and regulations.
- Knowledge of the Actimize case management system.
- Knowledge of retail banking, lending, and bank operations processes.
- Certified Anti-Money Laundering Specialist (CAMS) certification.
Responsibilities
- Conduct comprehensive case investigations by analyzing transaction information, reviewing customer data, conducting open-source and media research, and recommending whether to file a SAR.
- Work cooperatively with internal departments to obtain and analyze information needed for investigations.
- Prepare quality investigative documentation, including detailed written case notes and attachments of internal and external research.
- Prepare SAR forms when an investigation results in a SAR recommendation.
- Recommend customer relationship closures, case escalations, or case referrals as appropriate.
- Meet case production and quality goals.
- Complete other duties as assigned.
- Assist in identifying process, system, or human-error gaps and help drive solutions that minimize losses.
- Identify and/or escalate risks as appropriate.
Benefits
- Healthcare coverage, including medical, dental, and vision.
- Basic term and optional term life insurance.
- Short-term and long-term disability insurance.
- 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 hours worked, up to 80 hours per calendar year unless otherwise provided by law.
- Incentive and recognition programs.
- Equity stock purchase, 401(k) contribution, and pension, subject to eligibility requirements.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
