AML Specialist

Job Summary:

We are seeking a full-time Anti-Money Laundering (AML) Specialist. The AML Specialist assists in ensuring the firm is in compliance with the Bank Secrecy (BSA) Act, USA Patriot Act, and other related rules and laws. The specialist assists in monitoring, analyzing, investigating, and reporting on cases involving potential money laundering or terrorist financing activity. The successful candidate will demonstrate the ability to work independently to organize, prioritize, and complete tasks in a timely manner.

Primary Duties and Responsibilities:

The duties listed below are the assigned duties but may not include all responsibilities that the person in this role may be asked to perform. The incumbent may be required to perform other related duties as assigned.

• Develop and possess a working knowledge of fraud detection and current AML trends.
• Perform customer identification and background checks.
• Monitor OFAC, negative news, and Financial Crimes Enforcement Network alerts against client base.
• Perform enhanced due diligence and risk assessments on new customers and periodic reviews, as necessary.
• Conduct appropriate due diligence related to potential suspicious activity through the reviewing of client background information, reviewing of securities transactions, and fund movements, as necessary.
• Review and analyze potential suspicious activity generated by alerts from an AML software system, reports, notifications, and other sources.
• Effectively communicate with client’s and other lines of business as necessary to confirm or obtain information.
• Prepare Suspicious Activity Reports as appropriate.
• Assist the BSA Officer in other areas of the firm’s AML program as needed.

Experience and Skills Required:

• Strong verbal and written communication skills
• Strong proficiency with MS Office including Excel, Word, and Outlook.
• Ability to multi-task, work independently and/or collectively to meet deadlines.
• Strong teamwork, interpersonal and relationship building skills.
• Proficient in identifying potential concerns and effectively follows-up to resolve issues.
• Working knowledge of the Bank Secrecy Act, Anti-Money Laundering efforts, USA Patriot Act and OFAC preferred.

Skills and Qualifications:

• Active listening
• Critical thinking
• Judgment and decision making
• Ability to work independently
• Good organizational skills with the ability to manage multiple tasks efficiently
• Excellent interpersonal, communication and negotiation skills.

Work Experience Required for this Job:

• Two to five plus years of experience in compliance, investigative work, or a related field.

Education Preferred for this Job:

Preferred

• Bachelors or better in Business Administration or related field

Physical Abilities Required for this Job:

The physical demands described here are representative of those that must be met to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform essential functions.

• While performing the duties of this job this individual is regularly required to stand for extended periods of time, walk, sit, talk, hear, use their hands and fingers (manual dexterity), use a telephone, and occasionally lift and /or move up to fifteen pounds.

• Specific vision abilities required by this position include, close vision, and the ability to adjust focus.

Mental Abilities Required for this Job:

• The ability to solve problems, make decisions, supervise others, interpret data, organize information, written and oral communication and read/write.

Attendance Requirements:

• Daily online attendance required in remote work environment during normal business working hours
• In-person and/or hybrid attendance occasionally required for company and/or team meetings

NOTE: This job description in no way states or implies that these are the only duties to be performed by the employee(s) of this position. Employees will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments. All duties and responsibilities are essential functions and requirements and are subject to possible modification to reasonably accommodate individuals with disabilities. To perform this job successfully, the employee(s) will possess the skills aptitudes, and abilities to perform each duty proficiently. Some requirements may exclude individuals who pose a direct threat or significant risk to the health or safety of themselves or others. The requirements listed in this document are the minimum levels of knowledge, skills, or abilities. This document does not create an employment contract, implied or otherwise, other than an at will relationship.

The company is an equal opportunity employer, drug-free workplace, and complies with ADA regulations as applicable.