Job Description

The AML Analyst will be responsible for reviewing alerts of potentially suspicious activity generated via the Bank’s automated transaction monitoring system; closes or escalates them to a case; and investigates cases to determine whether further escalation is warranted.

Responsibilities will include:

• Act as the first level reviewer in making initial alert decisions as well as determining the specific information needed to manage the investigation.
  

• Manage a queue of alerts and cases ensuring timely follow up of requests and adherence to escalation procedures.
  

• Assist with analysis to optimize processes for improving monitoring.
  

• Assist other members within AML compliance with ad hoc analysis and investigation requests.
  

• Conduct targeted account reviews on high-risk correspondent banking clients and analyze from a holistic view of customers in terms of products, services, and underlying transactions as well as escalate potential issues.
  

• Prepare case summary narratives prior to escalating.
  

• Review and analyze AML current trends and news to identify high risk areas, counterparties, or keywords to incorporate into monitoring filters, rules, or profiles.
  

Knowledge needed: 

· Know and understand the laws applicable to money laundering, including the BSA, the USA PATRIOT Act, US Treasury AML guidelines, SARs, and other requirements Strong attention to detail

· Possess strong analytical, organizational, and communication skills and be able to multi-task, adhering to specific quality and productivity guidelines

· Strong research skills, advanced skills in the use of Microsoft Word, Excel, PowerPoint and experience with online research systems including web-based tools

· Knowledge of multi-cultural situations and languages with the ability to apply them efficiently to the AML surveillance field

· Prior AML Surveillance and/or Investigation experience preferred.

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