Financial Crimes Alert Analyst
About The Position
The Financial Crimes Alert Analyst assesses customer activity flagged by transaction monitoring software and manual reports, helping identify unusual activity and determine whether it should be escalated. The analyst documents analysis and decisions in logical, well-supported reports, and may work with front-line staff to gather relevant information. The role also involves applying critical thinking to transactional and customer data to recognize patterns, trends, and inconsistencies that may indicate suspicious activity or other financial, legal, or reputational risks. The analyst is expected to stay current on money laundering and terrorist financing behaviors, trends, typologies, and applicable rules, laws, and regulations. Cross-training in functions such as case investigations and CTRs may be available. Other projects and duties may be assigned.
Requirements
- At least 2 years of direct AML experience.
- CAMS (ACAMS) or CFE (ACFE) certification, or at least 7 years of direct AML experience.
- Bachelor’s degree in Economics, Accounting, Finance, Criminal Justice, or a related field.
- Computer literacy and proficiency in Microsoft Office.
- Working knowledge and understanding of BSA/AML rules, laws, and regulations, including the USA PATRIOT Act.
- Sound oral and written communication skills.
- Sound critical-thinking ability.
- Sound analytical, problem-solving, and organizational skills.
- Detail oriented.
- Ability to be a self-starter.
- Ability to build relationships.
Nice To Haves
- Working knowledge of a bank operating environment and applicable systems.
Responsibilities
- Assess alerted customer activity generated by transaction monitoring software.
- Identify unusual activity promptly and escalate it as appropriate.
- Review manual reports for unusual activity and escalate findings.
- Analyze customer activity and independently determine whether it is unusual and requires escalation.
- Draft reports and document analysis logically, with sufficient support for decisions.
- Work with front-line staff to obtain information relevant to alert assessment and analysis.
- Cross-train in other functions, such as case investigations and CTRs, when opportunities arise.
- Use critical thinking to identify patterns, trends, and inconsistencies in transactional and customer data to detect, prevent, mitigate, and report potentially suspicious activity.
- Understand customer risks and complex issues related to money laundering, terrorist financing, financial crimes, and other legal and reputational risks.
- Stay current with money laundering and terrorist financing behaviors, trends, patterns, and typologies.
- Stay current with applicable rules, laws, and regulations.
- Maintain attention to detail.
Benefits
- Medical, dental, and vision insurance
- Life insurance provided at no additional cost
- Accidental Death & Dismemberment coverage
- Long-term disability coverage
- Paid sick and vacation leave
- 11 holidays
- Volunteer/service day
- Employee Stock Purchase Plan
- 401(k) retirement plan with a 50% match on the first 8% of contributions
- Flexible Spending Accounts
- Health Savings Account
- Health Reimbursement Arrangement
- Supplemental life and other insurance plans
- Identity theft protection
- Pet insurance
- Legal insurance
- Employee Assistance Program
- Employee Advocacy Program
- Entertainment discounts through Tickets at Work
- AT&T employee discount
- Wellness discounts for medical premiums and other rewards
- Employee referral incentive
- Education assistance
- Employee Resource Groups
- Free interest checking
- Free safe deposit box
- Free money orders, travelers’ checks, and cashier checks
- Discount on mortgage origination fee
- Free online banking and unlimited online bill payment
- Employee banking perks
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What This Job Offers
Job Type
Full-time
