Sr AML Investigator

Valley Bank•Aventura, FL

About The Position

Responsibilities include, but are not limited to: Conduct complex suspicious activity investigations and determine whether a Suspicious Activity Report is needed. Draft narrative for each case substantiating the disposition. Conduct investigations and, where warranted, file SARs for EDD reviews escalated to a case. Review and analyze alerts generated by the bank's electronic monitoring software to determine whether activity warrants further review. Manage multiple complex cases and enhanced due diligence reviews. Make recommendations for exiting customer accounts or relationships that exceed the risk tolerance of the bank. Review and analyze internal AML reports, draw conclusions and make recommendations regarding the need for further investigation. Work with other BSA teams on joint projects when needed, including Special Investigations, OFAC and Enhanced Due Diligence. Review manual reports for possible indications of suspect activity and escalate as needed. Act as Subject Matter Expert for junior staff, assisting with investigations and identification of typologies. Assist Management with the reviews of non-SAR filing cases. Work with the AML management team to ensure the monitoring platform consistently addresses prevailing risk. Support management in the day-to-day compliance efforts with AML/KYC requirements. Complete special projects assigned by AML Management.

Requirements

Strong knowledge of Bank Secrecy Act, USA Patriot Act, OFAC and Suspicious Activity Reporting requirements and other anti-money laundering laws and regulations.
Maintain current knowledge of the Bank's automated BSA, anti-money laundering, and OFAC compliance systems.
Maintain a working knowledge of Bank records and systems including Miser, Pandora, Synergy, SQN, Imaging and PARC.
Excellent researching and analytical skills.
Must have the confidence and ability to identify potential issues and solutions and work with management to resolve those issues.
Excellent time management skills and ability to prioritize and organize assignments.
Ability to manage case flow and workloads of investigative employees to ensure proper tracking and monitoring of a wide variety of reports, work items and investigations.
Excellent verbal and written communication skills.
Ability to provide guidance and training to investigators within the department regarding AML, BSA and OFAC-related issues.
Ability to interact and respond intelligently to inquiries from Internal Audit and bank regulators.
Advanced skills in the use of Microsoft Word, Excel, Access, PowerPoint, Outlook and experience with on-line research systems including web-based tools.
Team oriented and able to work independently.
Bachelor's Degree from four-year college or university and a minimum of 5 years' experience with emphasis on BSA/AML, fraud, loss prevention or corporate security investigative experience or other experience analyzing customer financial activity for unusual behavior.
Updated AML/BSA training.

Nice To Haves

ACAMS preferred.

Responsibilities

Conduct complex suspicious activity investigations and determine whether a Suspicious Activity Report is needed. Draft narrative for each case substantiating the disposition.
Conduct investigations and, where warranted, file SARs for EDD reviews escalated to a case.
Review and analyze alerts generated by the bank's electronic monitoring software to determine whether activity warrants further review.
Manage multiple complex cases and enhanced due diligence reviews.
Make recommendations for exiting customer accounts or relationships that exceed the risk tolerance of the bank. Review and analyze internal AML reports, draw conclusions and make recommendations regarding the need for further investigation.
Work with other BSA teams on joint projects when needed, including Special Investigations, OFAC and Enhanced Due Diligence.
Review manual reports for possible indications of suspect activity and escalate as needed.
Act as Subject Matter Expert for junior staff, assisting with investigations and identification of typologies.
Assist Management with the reviews of non-SAR filing cases.
Work with the AML management team to ensure the monitoring platform consistently addresses prevailing risk.
Support management in the day-to-day compliance efforts with AML/KYC requirements.
Complete special projects assigned by AML Management.