AML/CFT Analyst I chez None

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