Assistant AML Officer

Tompkins Community Bank

5h•$90,000 - $110,000

About The Position

The Assistant AML Officer assists the Corporate AML Officer with overseeing all aspects of the Company’s Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) Program, Customer Identification Program (CIP), and Sanctions Monitoring (collectively, “AML Program”). This position also supervises a team of AML personnel to ensure that the Company monitors for suspicious activity, conducts customer due diligence (CDD), and files reports as necessary with the Financial Crimes Enforcement Network (FinCEN).

Requirements

Bachelor’s degree required, preferably in finance, accounting, business administration, or a related field.
Certified Anti-Money Laundering Specialist (CAMS) or Certified Financial Crime Specialist (CFCS) or a Master’s degree or higher is required.
A minimum of 6 years’ experience in AML compliance supervisory role is required.
Experience with AML transaction monitoring systems and software required; specific experience with Verafin preferred.
Experience developing / maintaining policies and or procedures for key AML functions at similar financial institutions.
Ability to learn and perform complex processes to meet state and federal requirements applicable to the AML Program.
Strong investigative and analytical experience.
Strong communication and interpersonal skills, with the ability to work effectively across all levels of the Company.

Responsibilities

Assist in managing the AML Department; ensure that all department monitoring, investigation, data validation, reporting, and recordkeeping functions are performed; and ensure AML Department is adequately staffed to execute against CIP, CDD, transaction monitoring, and investigation functions.
Supervising personnel that administer a CIP, perform CDD, review transaction monitoring alerts, investigate suspicious activity, and file reports with FinCEN.
Conduct performance reviews and provide overall team management and accountability. Provide input on merit discussions and hiring decisions.
Function as backup for the AML Officer and support daily functions of the department.
Enforce compliance standards through well-communicated guidelines and by the establishment of protocol.
Function as an escalation point for the AML Department to resolve issues (cases, alerts, CIP, etc.). Work on complex issues where analysis of situations or data requires in-depth decision making.
Analyzes and makes decisions on AML related risk management decisions (CIP discrepancies, high risk customer alerts, OFAC list matching, transaction monitoring alerts, investigation decisions, etc.)
Makes well defined analytical decisions to determine appropriate AML-related decisions (e.g., identification of suspicious activity requiring suspicious activity report (SAR) filing).
Perform quality assurance for various AML functions.
Evaluate the adequacy and effectiveness of procedures and internal controls within the AML Program. Propose changes and enhancements as needed.
May act as first point of contact for AML-related questions, exceptions, and support.
Performs other duties assigned by the Corporate AML Officer.
Committed to on-going professional development and actively participates in the Company’s training and development programs. Successfully completes in-house training programs.
Manage, mentor, coach, and develop AML Program staff.
Assist in tracking the performance and development of the AML Program through training, coaching, and regular evaluations.
Actively demonstrates a commitment to the Company’s core values.
Consistently follows policies and procedures as established by the Company.
Maintains successful working relationships with all Company staff and the community.
On occasion, participates in community projects.
All other duties as assigned.