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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