AML CFT Analyst
- Employer
- First Bank Chicago
- Location
- Northbrook, IL
- Salary
- Commesurate with Experience
- Posted
- Sep 07, 2024
- Closes
- Nov 08, 2024
- Ref
- 234650
- Specialty
- Other
- Type
- Full Time
Job Details
Job Location: Northbrook - NORTHBROOK, IL
Position Type: Regular Full-Time
Salary Range: Undisclosed
Job Category: Staff
Description
This position reports to VP/AML/CFT Officer.
Basic Function
Collaborates with members of the Enterprise Risk Management Department to support, administer and maintain an effective AML/CFT/Sanctions Compliance Program (Anti-Money Laundering/Countering the Financing of Terrorism) in accordance with applicable laws, guidelines and regulations.
Essential Duties
Nonessential Duties
Qualifications
Knowledge, Skills & Abilities
Training & Experience
First Bank Chicago is an Equal Opportunity Employer: disability/veteran
Crain's Chicago Best Places to Work 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024
Job Location: Northbrook - NORTHBROOK, IL
Position Type: Regular Full-Time
Salary Range: Undisclosed
Job Category: Staff
Description
This position reports to VP/AML/CFT Officer.
Basic Function
Collaborates with members of the Enterprise Risk Management Department to support, administer and maintain an effective AML/CFT/Sanctions Compliance Program (Anti-Money Laundering/Countering the Financing of Terrorism) in accordance with applicable laws, guidelines and regulations.
Essential Duties
- Responsible for and collaborates with the Bank’s AML/CFT team to perform, monitor and maintain specific aspects of the AML/CFT/Sanctions Compliance Program including:
- Review, investigate and disposition alerts generated from the Bank's transaction monitoring and customer risk management system employed in monitoring and alerting for suspicious, fraudulent and/or high-risk activity
- Assist with the review, investigation and disposition of Unusual Activity Reports and fraud incidents from all lines of business for Suspicious Activity Reporting (SAR) requirements
- Review Customer Due Diligence questionnaires and Beneficial Ownership forms
- Review and analyze high-risk customers and other identified accounts for unusual and suspicious activity
- Assist with Enhanced Due Diligence reviews
- Assist with High-Risk Client reviews and Medium Risk Client reviews
- Assist with Sanctions Compliance Program and 314(a) monitoring and screening
- Assist with monthly AML/CFT Compliance monitoring
- Review and file CTRs
- Additional departmental responsibilities such as:
- Assist with AML/CFT/Sanctions Compliance Program related projects
- Provide guidance and support to all business lines
- Attend applicable regulatory training, seminars and conferences to maintain regulatory AML/CFT/Sanctions Compliance Program compliance knowledge
Nonessential Duties
- Other duties as assigned
Qualifications
Knowledge, Skills & Abilities
- Excellent research and analytical skills
- Highly organized and capable of dealing with multiple duties/projects simultaneously
- Strong written and verbal communication skills
- Detail oriented with ability to work independently
- Excellent teamwork, interpersonal and conflict resolution skills
- Ability to think strategically and develop a detailed understanding of applicable content
- Excellent knowledge of AML/CFT/Sanctions Compliance Program Regulations
- Excellent knowledge of current and emerging money laundering and financial crime trends
- Knowledge of Verafin software a plus
- Knowledge of Fiserv Premier software a plus
Training & Experience
- Bachelor’s degree in Economics, Finance, Business Management or equivalent related experience
- Prior financial services experience in a corporate services support role (Compliance, Audit, Risk, etc.) helpful
- Minimum 3 years prior AML/CFT experience
- ACAMS Certification or progress toward a plus
- Working knowledge of various laws, regulations and guidance as it relates to AML/CFT/Sanctions Compliance Program
- Experience with financial intelligence tools (Verafin preferred) and resources to detect suspicious activity
- Strong communication, problem solving, organizational, and time management skills
- Microsoft proficiency
First Bank Chicago is an Equal Opportunity Employer: disability/veteran
Crain's Chicago Best Places to Work 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024