AML Analyst

Overview

Department:   Compliance

Job Title:        AML Analyst

Reports to:      AML Manager

Position Description/Overview:

Responsibility includes all areas of Anti-money Laundering

• Maintain all sections of the Compliance policies and procedures
• Member of the Branch Compliance Committee
• Provide and maintain a compliant working environment by adhering to all laws, regulations and ethical standards and to lead by example
• Incumbent must keep up with current events as they relate to Laws and Regulations. This can be achieved through outside training as well as direct updates from regulatory agencies.
• Informs AML Manager of any potential regulatory compliance shortfalls.
• Opines on any new regulatory pronouncements or changes and potential impact they may have on the Branch or Bank.
• Prepares and reports on issues to the Branch Compliance Committee
• Conduct online research on transaction parties.
• Use E-gift EDD and ICS system to conduct suspicious activity inquiry.
• Review system-generated alerts for potential suspicious activity.
• Compile appropriate supporting documentation (transaction csv & internet research) with the alert investigations.
• Analyze investigation evidence and findings, and make proper judgment on potential suspicious activities.
• Assist in filling out the SAR Form based on SAR narrative.
• Assist and support the AML team in other duties such as statistic collecting, analysis, report drafting and SAR filing.
• Perform other compliance related duties as required

Knowledge/Skill Requirements:

• Familiarity with U.S. Laws and Regulations
• Superior written and verbal skills in order to communicate with senior management and staff.
• Ability to comprehend changes to laws and regulations including reporting impact of changes to senior management and Head Office
• Must be computer literate especially using Word, Excel and PowerPoint
• Ability to read, write and speak with Head Office.

Experience Requirements:

• Certification as an Anti-money laundering specialist within the first two years at the bank