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AML Investigator II

Company: Valley Bank
Location: Wayne
Posted on: May 13, 2022

Job Description:

The AML Investigator has extensive knowledge of the principles of money laundering and terrorist financing and the Bank's AML policy and procedures. The AML Investigator will perform periodic due diligence reviews and 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.
  • Conduct suspicious activity investigations and determine whether a Suspicious Activity Report is needed. Draft narrative for each case substantiating the decision/recommendation.
  • Conduct due diligence reviews on high risk customers through analysis of customer activity compared to KYC documentation and internal/external information sources to determine if further due diligence is needed and/or change in risk disposition is warranted.
  • Manage complex cases, reviews involving matters such as multiple relationship accounts and complex ownership structures.
  • Draft and file Suspicious Activity Reports with FinCEN.
  • Identify and analyze records of outside agencies to facilitate investigations including credit bureau records, police and court records.
  • Make recommendations for exiting customer accounts/relationships based on investigation or CDD/EDD.
  • 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.

Keywords: Valley Bank, Wayne , AML Investigator II, Other , Wayne, New Jersey

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