AML Investigator

U.S. Bank•Columbus, OH

3d•$66,640 - $78,400•Hybrid

About The Position

U.S. Bank maintains an anti-money laundering (AML) program to monitor, detect, and report suspicious activity to regulatory agencies. As a member of the Enterprise Financial Crimes Compliance AML Investigations division, the AML Investigator works in the bank’s second line of defense to help prevent the use of U.S. Bank products and services for illegal purposes. The investigator conducts enterprise-wide investigations, identifies unusual activity, prepares Suspicious Activity Reports (SARs) for filing with the Financial Crimes Enforcement Network (FinCEN), and documents cases where no SAR is recommended. The role requires a basic understanding of AML/BSA laws and regulations, the financial services industry, and regulatory trends affecting the assigned line of business. Investigators may identify process, system, or human-error gaps and help drive solutions to minimize resulting losses, while identifying or escalating risks as appropriate. The role requires working from a U.S. Bank location three or more days per week. The position offers a salary range of $66,640 to $78,400, with the actual range potentially varying by location. U.S. Bank also offers benefits and total rewards subject to eligibility requirements.

Requirements

Bachelor's degree or equivalent work experience.
Typically more than two 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 and general proficiency in adapting to new software applications.
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 preferred.

Responsibilities

Conduct comprehensive case investigations by analyzing transaction information, reviewing customer data, researching open sources, and conducting media checks, then 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.

Benefits

Healthcare, including medical, dental, and vision coverage.
Basic term and optional term life insurance.
Short-term and long-term disability coverage.
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.