- Conduct research over available Bank systems, the Internet, and Commercial Databases consistent with the resolution of case reviews and investigations.
- Collect and examine financial statements and documents to assist in identifying unusual transaction patterns.
- Document and report the review/investigation findings and prepare case files with required supporting documentation (e.g. media search results, copies of statements/checks, results from internal system searches, etc.)
- Perform sanctions screening for customers and incoming and outbound payments.
- Investigate sanctions issues and provide recommendations as necessary.
- Draft and file Suspicious Activity Reports (SARs) consistent with FinCEN requirements.
- Recommend relationship retention or termination and track account closures as required.
- Conduct complex customer investigations of High-Risk Customers.
- Investigate and adjudicate alerts escalated from automated transaction monitoring.
- Prepare and file Suspicious Activity Reports when warranted.
- Project management.
- Other AML/CFT duties as assigned to support the team.
- Bachelor's degree in Finance, Business, or Criminal Justice. Previous investigative experience. Prior AML experience preferred. CAMS preferred.
- Four years of AML/CFT experience and a desire to work towards Certified Anti-Money Laundering Specialist (CAMS) certification.
- Strong decision-making, analytical, and investigative abilities with attention to detail and accuracy.
- Understanding of FFIEC Examination Manual.
- Knowledge of high-risk customer attributes and monitoring, Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD).
- Ability to proactively identify and assess potential concerns and risks and resolve issues.
- Critical thinking skills to research, collect, and analyze complex or diverse information.
- Effective, verbal, written, and interpersonal communication skills with the ability to instruct others; train personnel; write reports, correspondence, and procedures; and speak clearly to customers and employees.
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AML Investigator - Bellwood, United States - International Bank of Chicago
1 month ago
Description
Job Description
Job DescriptionOverview: The AML Investigator position is responsible for in-depth investigations that are escalated from the alerting and monitoring processes and from enterprise-wide referrals. Coverage includes an enterprise-wide review of our accountholders and their transactions: looking for unusual or suspicious activity; investigating potential suspects and providing adequate documentation of identified cases, and responsible for the completion of the filing of suspicious activity reports when appropriate. The position supports the overall AML/CFT compliance efforts as required under the Bank Secrecy Act USA Patriot Act and OFAC Compliance Program and Procedures.
Accountabilities:
Qualifications:
International Bank of Chicago is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sexual orientation, gender identity, disability, protected veteran status, or any other characteristic protected by state, federal, or local law.
Company DescriptionInternational Bank of Chicago is a privately owned local community bank providing a full array of banking services through its five Chicagoland locations along with a branch located in Port Jervis, New York. The Bank was founded in 1992 as a minority deposit institution (MDI) and is currently the largest MDI in Chicago with ±120 employees supporting over $950MM in total assets.The Bank has the distinction of being certified as a Community Development Financial Institution (CDFI). With a CDFI designation, the Bank not only focuses its attention on serving the local communities, families, and small businesses, but has a mission of specializing in providing financial products and services to those within underbanked and economically distressed communities. The Bank is the only MDI and CDFI bank in Chicago.
Company Description
International Bank of Chicago is a privately owned local community bank providing a full array of banking services through its five Chicagoland locations along with a branch located in Port Jervis, New York. The Bank was founded in 1992 as a minority deposit institution (MDI) and is currently the largest MDI in Chicago with ±120 employees supporting over $950MM in total assets.\r\r
The Bank has the distinction of being certified as a Community Development Financial Institution (CDFI). With a CDFI designation, the Bank not only focuses its attention on serving the local communities, families, and small businesses, but has a mission of specializing in providing financial products and services to those within underbanked and economically distressed communities. The Bank is the only MDI and CDFI bank in Chicago.
