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AML Investigator I

Company: Valley National Bancorp
Location: Wayne
Posted on: June 8, 2021

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.

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.
  • 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.

Required Skills:

  • Knowledge of laws applicable to money laundering, to include the BSA, The USA Patriot Act, U.S. Treasury AML guidelines, OFAC requirements and Suspicious Activity Reporting requirements.
  • Strong verbal and written communication skills.
  • Superior organizational and analytical skills. Strong time management skills.
  • Strong research skills.
  • Advanced skills in the use of Microsoft Word, Excel, Access, and Outlook. Experience with online research systems including web-based tools.
  • Ability to maintain attention to detail and accuracy under pressure situations.
  • Team oriented and able to work independently.
  • Ability to prioritize and organize assignments.

Required Experience:

  • High School Diploma or GED and a minimum of two years in banking operations or investigative law enforcement experience related to anti-money laundering.
  • Bachelors Degree preferred.
  • CAMS certification preferred.

Keywords: Valley National Bancorp, Wayne , AML Investigator I, Other , Wayne, New Jersey

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