AML CFT Analyst

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

1. 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
      
2. 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
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