AML / CFT Analyst I

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