AML Investigations Analyst

The AML Analyst functions as a subject matter expert in Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) program and oversees day-to-day triage of the BSA/AML compliance program. Ensures all AML alerts and referrals are researched and processed for potential regulatory reporting as well as compliance with other BSA/AML requirements, including Customer Due Diligence (CDD) Questionnaire management, Customer Identification Program (CIP), Office of Foreign Assets Control (OFAC) and the USA Patriot Act.

Responsible for analyzing transactions and reviewing system generated alerts or internal alert requests for potential money laundering, suspicious activity or other BSA/AML oversight alerts.
• Refers potentially suspicious activity to BSA/AML Investigators for further review through the unusual activity referral (UAR) process.
• Files Currency Transaction Reports (CTRs) and reviews Monetary Instrument Logs (MILs).
• Reports members warranting potential CTR exemption to the BSA/AML Investigations Manager.
• Review annually CTR exempt members for continued CTR exemption.
• Dispositions OFAC and 314a suspects from batch reporting, as well as dispositions on frontline escalations for OFAC suspects.
• Responsible for performing CDD/EDD reviews and High-Risk Reviews on a periodic basis.
• Act as a back-up to AML Analysts.
• Responsible for reviewing and completing ad hoc reporting for potential money laundering and other suspicious activity to ensure proper BSA/AML Oversight.
• Identify and recommend improvements to the credit union's BSA/AML program.
• Assists in the development of new and/or updated policies and procedures related to BSA, AML, OFAC and the USA Patriot Act.
• Assist in training opportunities with credit union employees on BSA/AML/fraud issues.

Education and Experience Requirements:

• Bachelor's degree in criminal justice or related field, or 3-5 years of banking experience.
• Knowledge of Bank Secrecy Act compliance and various money laundering typologies

Required Knowledge, Skills and Abilities:

• Strong analytical skills and attention to details
• Ability to build strong relationships throughout the credit union, business membership, law enforcement, and other outside agencies.
• Ability to maintain confidential information.
• Ability to self-initiate and work independently with limited supervision.
• Excellent time management skills and the ability to work both independently and as a member of a team.
• Comfortable presenting to both small and large groups of credit union employees
• Strong written and oral communication skills.
• Strong spreadsheet and word processing skills.