AML Investigator

Location
Bellwood, Illinois
Salary
Based on experience, education, and other professional qualifications; ranges from $65k to $74k
Posted
Jul 10, 2024
Closes
Aug 09, 2024
Specialty
Compliance/Legal
Type
Full Time
Level
Experienced
Education Level
4 Year Degree

Overview:  The AML Investigator position is responsible for in-depth investigations that are escalated from the alerting and monitoring processes and enterprise-wide referrals. Coverage includes 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 is responsible for the completion of filing of suspicious activity reports when appropriate. The position supports the overall AML compliance efforts as required under the Bank Secrecy Act and the Bank’s AML/CFT USA Patriot Act and OFAC Compliance Program and Procedures.

Accountabilities:

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 duties as assigned to support the AML/CFT team.

Qualifications:

Bachelor’s degree in Finance, Business, or Criminal Justice.  Previous investigative and prior AML/CFT experience is 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.

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.

Apply for AML Investigator

Already uploaded your resume? Sign in to apply instantly

Apply

Upload from your computer

Or import from cloud storage

Your Resume must be a .doc, .pdf, .docx, .rtf, and no bigger than 1Mb


4000 characters left

Marketing Communication

We'd love to send you information about Jobs and Services from BankTalentHQ by email.

All emails will contain a link in the footer to enable you to unsubscribe at any time.


When you apply for a job we will send your application to the named recruiter, who may contact you. By applying for a job listed on BankTalentHQ you agree to our terms and conditions and privacy policy. You should never be required to provide bank account details. If you are, please email us.

Similar jobs

  • Auditor

    • Chicago
    • Commensurate with education and experience.
    • Federal Home Loan Bank of Chicago
  • IT Auditor

    • Chicago
    • Commensurate with education and experience.
    • Federal Home Loan Bank of Chicago

Similar jobs

  • Auditor

    • Chicago
    • Commensurate with education and experience.
    • Federal Home Loan Bank of Chicago
  • IT Auditor

    • Chicago
    • Commensurate with education and experience.
    • Federal Home Loan Bank of Chicago