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Valley Bank · 10 hours ago

AML Investigator

Morristown, NJ

Full-time

Onsite

Entry, Mid Level

2+ years exp

Valley Bank is a leading relationship bank built for growth, focusing on the potential of its clients and associates. The AML Investigator will research, analyze, and investigate account behaviors for suspicious activity related to money laundering or terrorist financing, ensuring compliance with bank policies and procedures.

Banking

Responsibilities

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

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

Qualification

AML laws knowledgeCAMS certificationMicrosoft Office proficiencyResearch skillsAnalytical skillsPrioritization skillsCommunication skillsOrganizational skillsTime managementAttention to detailTeam orientedIndependent work

Required

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

High School Diploma or GED and a minimum of two years in banking operations or investigative law enforcement experience related to anti-money laundering