Start/End Dates: ASAP – 9 months.
Location: New York, NY
Job Title: AML Investigator
Number of positions: 6
Top 3 Skills
1. 5+ years of banking experience within either Cap Markets, P&C banking or International banking
2. 2 + years of AML investigations experience. Experience before 2008 will not be counted.
3. CAMS certification is a plus.
Manager Comments
• One step interview process, in person preferred however phone is an option. Very quick turnaround.
• Candidate must be analytical, investigative and have perfect written communication (errors in their resume will demonstrate poor communication).
The AML Investigator is responsible for ensuring the requirements of the U.S. AML Program are maintained at a level commensurate with regulatory expectations. This role is responsible for performing suspicious activity monitoring to identify customers which pose a risk for money laundering and terrorist financing. This role assists in Suspicious Activity Reporting (SAR) and/or high risk customer investigations, including the preparation of SARs as required by BSA/AML regulatory standards. The AML Investigator compiles evidence and documentation in compliance with BSA/AML procedures and regulatory requirements.
Job Description
• Perform periodic file reviews ensuring activities are reviewed in a holistic manner across the spectrum of products and services used by the customer.
• Ensure CDD is properly performed by the LE/LOB and EDD is applied in cases where warranted to mitigate AML/TF exposure.
• Investigate potentially suspicious activity, make risk-based SAR recommendation and prepare SARs.
• Perform periodic file reviews ensuring activities are reviewed in a holistic manner across the spectrum of products and services used by the customer.
• Ensure CDD is properly performed by the LE/LOB and EDD is applied in cases where warranted to mitigate AML/TF.
• Investigate potentially suspicious activity, make risk-based SAR recommendation and prepare SARs.
• Conduct initial reviews of new foreign correspondent banks (FCBs) and foreign non-bank financial institutions (FNBFIs).
• Investigate potentially suspicious activity escalated by the Alert Adjudication Unit, make risk-based SAR recommendation and prepare SARs.
• Detect potentially suspicious activity when manual complex processes are needed.
• Serve as a resource on suspicious activity monitoring to Lines of Business by communicating AML compliance and risk management requirements and implications to their operations.
• Make recommendations to the AML Financial Intelligence Function Manager regarding suspicious activity monitoring and investigations to ensure ongoing improvement and evolution of governance programs and practices in response to identified risks and/or gaps in the system.
• Maintain a current thorough understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practices, criminal activities and developing trends.
Required Skills
• 3-7 years BSA/AML or related Compliance experience preferred
• Associate’s or Bachelor’s degree
• Maintaining or pursuing an AML-related certification (e.g. CAMs)
• Sound knowledge and understanding of OFAC, BSA/AML, and USA PATRIOT Act and risk management principles
• Strong oral and written communication skills
• Sound analytical, problem solving and organizational skills
• Sound knowledge of client database and transactional monitoring processes
• Working knowledge of Bank operating environment and applicable systems, including Microsoft Office Suite
