Previous Job
AML Compliance Analyst
Ref No.: 18-02079
Location: Fort Lee, New Jersey
Position Type:Full Time
Pay Rate : $ 50,000.00 - 60,000.00 /Year

AML Compliance Analyst
A rapidly expanding community bank seeks a hardworking, proactive AML Compliance Analyst. 
  • Perform Anti-Money Laundering ("AML”)/Customer Due Diligence ("CDD”) on a range of customer types with different legal structures in all jurisdictions;
  • Review publicly available sources for information pertaining to client due diligence;
  • Provide information to the business areas in respect of AML issues arising;
  • Ensure all queries received by the team are responded to in a timely manner;
  • Maintain delivery of a high quality service level to clients and other departments ensuring any queries are dealt with in a professional manner and escalating where appropriate;
  • Assist in drafting and documenting policies, procedures and processes as and when required;
  • Ensure compliance with AML related policies and procedures;
  • Promote a strong compliance culture within the company;
  • Review system generated reports of transactions and investigation of account activity for potentially suspicious activity including structuring and high risk wire activity, etc. from inception to completion;
  • Draft narratives of findings and suspicious activity reports;
  • Interact directly with the Bank's business personnel regarding account activity, BSA regulations and know your customer requirements and to accurately resolve compliance issues and to provide guidance about client activity;
  • Conduct enhanced due diligence research and complete reports;
  • Work also includes assisting in the Bank's response to regulatory inquiries and examinations, providing supplemental support for the Bank's training program, customer identification program, and surveillance procedures.
Qualifications & Skills
  • 1-3 years BSA/AML compliance experience
  • Professional certification preferred
  • Demonstration and application of core knowledge of money laundering patterns, BSA and PATRIOT Act, OFAC and other compliance regulations
  • Experience completing and/or review of Risk and Self Assessments.
  • Experience with testing transactions and disclosures