Senior AML/CFT Compliance Analyst - Money Laundering Case Investigations

First Citizens Bank • Raleigh, NC

2d • Remote

About The Position

This is a remote role that may be hired in several markets across the United States. The Senior AML/CFT Compliance Analyst is responsible for conducting complex investigations, quality assurance reviews, due diligence reviews, and data analysis to ensure compliance with Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) regulations. This role combines investigative skills, written and verbal communication skills, quality assurance expertise, and analytical capabilities to identify, assess, and mitigate financial crime risks. The analyst will lead investigations that result in mitigating closing memos or suspicious activity identification in SAR narratives after thorough reviews of client activity, perform comprehensive evaluations of AML/CFT processes, and provide recommendations for enhancing the bank's overall risk mitigation capabilities.

Requirements

• Bachelor's Degree and 2 years of experience in Experience in AML/CFT compliance, investigations, or related field; Strong understanding of BSA/AML regulations, OFAC, and KYC requirements; Experience with AML/CFT software, data analytics tools, and case management systems OR High School Diploma or GED and 6 years of experience in Experience in AML/CFT compliance, investigations, or related field; Strong understanding of BSA/AML regulations, OFAC, and KYC requirements; Experience with AML/CFT software, data analytics tools, and case management systems
• Verbal and written communication
• Factual logic-based reasoning
• Fact finding via the internet
• AML/CFT regulatory knowledge
• Investigative techniques
• Data analysis and interpretation via Excel spreadsheets
• Quality assurance methodologies
• Financial crime risk assessment

Nice To Haves

• Preferred Area of Study: Law, Philosophy, Political Science, Physics, Engineering
• CAMS certification

Responsibilities

• Manage and investigate complex cases of suspicious financial activity.
• Conduct thorough Enhanced Due Diligence (EDD) reviews for higher risk clients.
• Analyze transaction patterns and client profiles to identify potential sanctions violations, money laundering or terrorist financing risks.
• Develop and conduct testing of AML/CFT policies, procedures, and controls.
• Identify potential issues, exceptions, or patterns within the overall AML/CFT program.
• Provide independent assessments of AML/CFT programs, policies, and procedures to management.
• Prepare comprehensive Suspicious Activity Reports (SARs) and due diligence reviews in accordance with federal regulations.
• Develop detailed investigation reports, case summaries, and risk assessments.
• Produce quality assurance reports and recommendations for process improvements (add- compile and organize reporting for senior leadership).
• Analyze complex data sets to identify trends, patterns, and potential risks.
• Develop and maintain data analytics tools and dashboards for AML/CFT monitoring.
• Contribute to the enhancement of transaction monitoring systems, alert scenarios, and sanctions screening tools.
• Maintain expert knowledge of AML/CFT regulations, industry trends, and best practices.
• Serve as a subject matter expert on AML/CFT issues for less experienced team members.
• Participate in industry events and stay informed about evolving financial crime typologies.

Benefits

• Total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.
• Competitive, thoughtfully designed and quality benefits program to meet the needs of our associates.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior