Job Description
AML/CFT Analyst I Job Title: AML/CFT Analyst I Branch/Department: Admin/Risk Mgmt.
FLSA Status: Non-exempt
Reports to: VP, BSA Officer
Grade: 15 Range: $19.13 - $27.74
Summary : Primary responsibility of the Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) Analyst I (formerly BSA - Bank Secrecy Act) is to provide support with the monitoring and maintenance of the Bank's Anti-Money Laundering /Countering the Financing of Terrorism (AML/CFT) Program.
Essential Functions : - Review and investigate suspicious activity identified via Verafin alerts, internal reports and other methods.
- Review and prepare Currency Transaction Reports (CTRs) for FinCEN filing.
- Review and investigate AML/CFT, Watch List and CDD/EDD alerts.
- Review the Monetary Instrument Sales Log (MIL) and Subpoena Log.
- Perform Enhanced Due Diligence (EDD) reviews; responsible for monitoring of high-risk and medium-risk customers; investigating and reporting results to BSA Officer for final review and approval.
- Review of the Customer Due Diligence (CDD) questionnaire for accuracy and timely submission into Verafin; review and monitor Customer Identification Program (CIP) exceptions.
- Complete the 314(a) searches and OFAC verifications; support other departments in reviewing/clearing OFAC suspects.
- Create, investigate and close cases within Verafin.
- Complete the annual CTR Exemption and ATM Owner/Operator reviews and updates.
- Serve as resource for branch and other department inquires; provide efficient and effective support in regards to compliance with AML/CFT regulation to better serve customers, staff and the Bank's interest.
- Provide assistance and support in all areas of Risk as needed.
- Support external auditors and examiners as assigned.
- Identify opportunities to make current processes more efficient; assist with procedural updates as needed.
- May assist the BSA Officer with the planning and preparation of the quarterly Audit, Risk and Compliance Committee (ARCC) meeting.
- May assist the BSA Officer in ARCC reporting, SAR filings, 314(b) collaborations and AML/CFT Risk Assessment updates.
Additional Responsibilities: - Assist with monitoring and evaluating Verafin software updates and enhancements as appropriate.
- Assist with AML/CFT projects as assigned.
- Other duties as assigned.
Required Education, Experience, and Skills : - Working knowledge of retail banking processes and procedures.
- Comprehensive knowledge and understanding of Bank Compliance, AML/CFT, or the ability and motivation to learn and apply AML/CFT techniques, policies and procedures.
- Ability to identify potential suspicious or unusual activity, collect data and facts and implement solutions.
- Excellent problem solving, critical thinking and customer service skills.
- Excellent organizational, communication, and project management skills with the ability to collaborate and work well with others in a fast-paced environment.
- Possess a high level of integrity.
- Must be a team player with a positive attitude.
- Ability to effectively utilize computer technology.
- Ability to operate standard bank/office equipment such as a copy machine, telephone, fax machine and ten-key calculator.
Physical/Mental Requirements : - Position frequently involves hearing, speaking, standing, walking and repetitive motions of hands/wrists.
- Requires use of close and distance vision.
- Ability to read, write, speak and understand English and effectively communicate with Bank clients.
- Ability to discern information and formulate appropriate action.
- Ability to lift up to 30 pounds.
Benefits Provided: - Medical
- Dental
- Vision
- Flexible Spending Accounts and Health Spending Accounts
- Lifestyle Spending Accounts
- Health Reimbursement Accounts
- Employee Assistance Program
- Company Sponsored Life/AD&D and Long-Term Disability
- Voluntary Plans (Accident, Hospital Indemnity, Critical Illness, Short-Term Disability, Cancer Riders, and Life/AD&D Insurance)
- Pet Insurance
Retirement: - 401k (match 4%) and Profit Sharing
Time Off: - 10 Vacation Days (prorated for first year)
- 2 Personal Days
- 1 Volunteer Time Off Day
- 11 Holidays
- 1 Sick Day per Month
Job Tags
Temporary work, Bank staff, Work at office, Flexible hours,