Equal opportunity employer as to all protected groups, including protected veterans and individuals with disabilities.
JOB SUMMARY:
Responsible for the daily activities relating to the bank's compliance with its Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) Policy and serves as backup to the AML/CFT Officer.
EDUCATION/EXPERIENCE REQUIRED:
QUALIFICATIONS/SKILLS REQUIRED:
ESSENTIAL JOB DUTIES AND RESPONSIBILITIES:
Supervisory duties to include interviewing and selection, training and development, delegating responsibilities, monitoring work flow, ensuring quality control, helping employees establish goals and objectives, monitoring and tracking employee performance, completing officer performance appraisals, coaching and counseling, sales management and ensuring compliance to bank and trust department policies and procedures.
Performs analysis of cash transactions and customer activity to detect fraud and/or money laundering. Develops an action plan for reporting and tracking any suspicious activity uncovered.
Maintains a practical knowledge of the comprehensive principles of the Anti-Money Laundering (AML/CFT) and Bank Secrecy Act (BSA) regulations, including Suspicious Activity Reporting (SAR).
Responsible for investigating, researching, and analyzing varying degrees of suspicious financial activity for possible money laundering or terrorist financing violations involving all bank lines of business.
Responsible for detecting suspicious trends and activity by monitoring transactions through various systems/applications and will perform enhanced due diligence on high-risk individuals and businesses using all available resources.
Develops ongoing contacts with Local, State and Federal law enforcement to stay current on money laundering and terrorist finance trends and typologies and to enhance cooperation during investigations.
Reviews and analyzes large currency transaction information and processes CTR's (Currency Transaction Reports) as required. Prepares reports on CTR compliance issues to the Compliance Council. Escalates the need for corrective action of employees to the AML/CFT Manager.
Monitors and annually reviews accounts of Designation of Exempt Persons (DOEP) to maintain compliance with Bank Secrecy Act. Recommends customers eligible for DOEP exemption.
Monitors and annually reviews accounts of High Risk customers in compliance with Bank Secrecy Act. Completes Suspicious Activity Reports (SARs) for suspicious and/or unexpected behavior.
Reviews daily BSA/AML reports for suspicious activity, structuring and OFAC matches and processes FinCEN 314a Secure Information Sharing data.
Retrieves and prepares all AML/CFT examination documents requested by primary regulators and the bank's external and internal auditors.
Monitors new and existing business customers for high risk activity and generates appropriate AML fee notification letters to those customers that meet the fee requirement.
Assists AML/CFT Officer as needed with assigned duties and serves as backup to AML/CFT Officer.
Performs other duties as assigned.
BENEFITS: