AML Analyst

New Castle, DE
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MUST have SAR writing experience and retail banking experience.

AML Analyst – NAM FIU

The AML Analyst is responsible for performing AML Reviews/Investigations of account activity, and recommending the filing of Suspicious Activity Reports ( "SARs”) and/or relationship termination, as appropriate. Cases are worked from beginning to completion in accordance with relevant Major Global Bank AML policies and procedures. Cases are generated from sources which include:

1. Automated Monitoring System (e.g. Mantas)

2. Client-On boarding and Maintenance and Transaction monitoring referrals

3. Referrals from business partners and other control areas

Responsibilities include:

• Conduct research over available Bank systems, the Internet and Commercial Databases consistent with the resolution of case reviews and investigations.

• Collect and examine financial statements and documents to assist in identifying unusual transaction patterns.

• Document and report the review/investigation findings and prepare case files with required supporting documentation (e.g. media search results, copies of statements/checks, results from internal system searches etc.)

• Follow-up with additional Point(s) of Contact (POC) as needed to identify additional information in support of the case.

• Liaise with other FIU units, Advisory, Business Compliance teams, CSIS, FIU Legal, GIU, and Law Enforcement.

• Draft and file Suspicious Activity Reports (SARs) consistent with FinCEN requirements

• Recommend relationship retention or termination and track account closures as required

• Interact with Senior Management on the Compliance, Legal and business sectors concerning AML issues.

• May provide direction to more junior staff.

Job Qualifications:

• Four Year College Degree or equivalent experience.

• Minimum 1 - 5 years of experience in reviewing customer transactions and information for identifying potentially suspicious activity and performing AML or fraud reviews/investigations.

• Experience in writing and preparing Suspicious Activity Reports (SARs) in accordance with applicable regulatory requirements preferred

• Work experience in a financial institution with job specific work experience in AML.

• Knowledgeable of the laws applicable to money laundering, including the Bank Secrecy Act, the USA PATRIOT act, US Treasury AML guidelines, OFAC requirements, and Suspicious Activity Reporting requirements preferred

• General understanding of Senior Public Figures, Money Service Businesses, Wealth Management and Retail Banking preferred.

• Established business knowledge and comprehension of financial products.

• Excellent organizational, time management and project management skills.

• Excellent research skills including experience with online search tools.

• Advanced proficiency in Microsoft Word, Excel, Access, Power Point and Outlook.

• Strong attention to detail and follow-up skills.

• Strong writing, analytical and communications skills. Must be able to multitask and complete projects on time.
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