AML Compliance Investigator

Job Location
United States-IL-Rolling Meadows
Work Status
Full-Time
Department
Compliance
FLSA Status
Exempt
Requisition ID
2018-1791

Start a Rewarding Career with Alliant

Why Alliant?

We’re not a typical financial institution – we’re better. We’re an innovative, fun-loving, highly-engaged group of professionals that are committed to our company and the communities we do business in. We love to recognize and celebrate each other.

 

Over 90% of our employees say we are a great workplace that is focused on our mission, vision and the future of banking.

 

What will your day look like?

You will be responsible for performing Customer Identification Program (CIP), Know Your Customer (KYC), Enhanced Due Diligence (EDD), and AML compliance functions. Such functions include efficient gathering and reviewing of new client information, as well as monitoring financial transactions for existing clients to identify suspicious activities. The AML Compliance Investigator must analyze information received from correspondent banks and address AML economic sanctions-related to Office of Foreign Assets Control (OFAC) alerts.

Responsibilities

Do you see yourself doing this?

  • Investigate and assess alerts relating to potential money laundering risks in the organization
  • Review, resolve and/or escalate alerts or other adverse news screens
  • Collect documentary proof and build and maintain case files for transactions deemed suspicious
  • Possess knowledge and understanding of FinCEN 314(A) rule of the US Patriot act. Ensure completing review of the 314(A) report as warranted.
  • Prepares and Files SAR (suspicious activity report) and Currency Transaction Reports (CTRs)to appropriate governmental agency in accordance with policies and procedures. 
  • Perform EDD reviews of all assigned high risk customers and document EDD review findings in the appropriate databases including all pertinent facts and information
  • Use member risk scoring models in accordance with departmental processes and procedures
  • Assist with addressing queries from corresponding banks relating to money laundering matters
  • Reviews legal requests and conducts account reviews from a BSA/AML/USA PATRIOT Act perspective
  • Stay current with money laundering and terrorist financing behaviors, issues, policies, regulations, criminal typologies, industry best practices, and developing trends
  • Act as a subject matter expert to employees, providing guidance on what actions to take in dealing with high risk accounts
  • Help with AML compliance training on how to identify and report suspicious transactions

Qualifications

What makes you a great fit?

You’ll be a great fit if in addition to the completion of a Bachelor’s degree or equilivant 2-4 years of experience in AML compliance or a related field, and you have:

  • Good working knowledge with federal and state AML regulations including Bank Secrecy Act (BSA), OFAC and the USA PATRIOT Act.
  • Professional certification with an organization, such as the Association of Certified Anti-Money Laundering Specialists (ACAMS) within the first year of employment.
  • A team player able to work effectively in a team fostered, multi-tasking environment.
  • Strong analytical and communications skills required.
  • Proficient in Microsoft Office suite, e.g. Excel, PowerPoint, Word, Outlook, automated case management systems.
  • Previous financial institution or credit union experience preferred.
  • Familiarity with AML issues and suspicious transaction monitoring systems.
  • Ability to easily grasp and comprehend AML risks specific to a particular business unit and develop extensive user requirements as well as recommend automated solutions to reduce those risks

 

When you’re happy, we’re happy!

As a thank you for joining our team, you’ll benefit from:

  • Competitive medical, dental, and free vision benefits
  • Competitive compensation plan
  • Contributions towards gym memberships
  • Generous PTO and banking holidays off

 

Still not convinced?

We’re on the list of 100 Best Medium Companies to work for, check it out here. For more details you can also visit our Glassdoor and LinkedIn profiles.

 

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