AML Investigator - Morristown, NJ

AML Investigator

Valley Bank believes in people's growth potential. We invest in it. We protect it. We focus it. For nearly 100 years, we've been the bank that clients from every industry turn to for our expertise, strategies, and advice. We are the leading relationship bank built for growth-with over $60 billion in assets, 3,800 experts, and more than 200 consumer branches and commercial banking offices in communities across the US.

At Valley, we're all driven by an ambition that goes deeper than just having a job. That's why when you work for us, we make it our goal to help you focus on what drives you-working to turn your passions and strengths into assets you can use to propel your ambitions and build the professional legacy you want. Because when we say we're a relationship bank built for growth, that's not just reserved for our clients-that includes all our associates as well.

Job Description

The AML Investigator will research, analyze, and investigate consumer / commercial account behavior for potential money laundering or terrorist financing related suspicious activity in accordance with Bank policies and procedures.

Expected Work Hours : 40

Responsibilities include but are not limited to :

• Review and analyze alerts generated by the Bank's electronic monitoring software to make a determination as to whether activity warrants further review. Review and analyze internal AML reports, draw conclusions and make recommendations regarding the need for further investigation.
• Research and analyze customer activity compared to KYC documentation and internal / external information sources and make recommendations regarding the need for further review and / or SAR filing.
• Conduct suspicious activity investigations and determine whether a Suspicious Activity Report is needed. Draft narrative for each case substantiating the decision / recommendation.
• Draft and file Suspicious Activity Reports with FinCEN.
• Manage complex cases involving matters such as multiple relationship accounts, international wires involving Bank-designated high risk jurisdictions, and complex cash structuring schemes.
• Identify and analyze records of outside agencies to facilitate investigations including credit bureau records, police and court records.
• Make recommendations for closing customer accounts / relationships based on investigation.
• Correspond with employees and customers in connection with matters such as structuring.
• Prepare bank wide guidance on AML matters.
• Work with the business and AML Investigations to understand and resolve potential AML monitoring issues.
• Work with the AML management team to ensure the monitoring platform consistently addresses prevailing risk.
• Support management in the day-to-day compliance efforts with AML / KYC requirements.
• Analyze, plan and complete special projects assigned by the AML management.

Requirements

Required Skills :

Required Experience :

Full-time / Part-time : Full-time

FLSA : Exempt

Location(s) : 1617 Gulf to Bay Blvd, Clearwater, Florida, United States; 579 5th Ave, New York, New York, United States; 70 Speedwell Ave, Morristown, New Jersey, United States

Total Rewards Summary : We provide a comprehensive and competitive total rewards package including base salary determined by factors such as the role, relevant experience, skill set, and geographical location. Eligible positions may also be eligible to receive commission-based compensation and / or discretionary incentive compensation, which may be awarded as cash or forfeitable equity, recognizing individual performance and contributions.

In addition to financial compensation, we offer a robust suite of benefits tailored to meet diverse employee needs based on eligibility criteria. These include comprehensive health care and insurance plans, retirement savings options, tuition and adoption reimbursement programs, paid time off, mental health support, and other valuable benefits programs. Further details regarding total compensation and benefits will be shared during the hiring process.

Pay Range : $60,500.00 - $100,800.00 / year

Pay Transparency : In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.

Valley National Bank is an Equal Opportunity / Affirmative Action Employer. All qualified applicants are encouraged to apply, and will be considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or other legally protected characteristics.