Anti-Money Laundering (AML) FIU Associate | New York, NY

Growing Commercial Bank in Manhattan is seeking an experienced Anti-Money Laundering (AML) FIU Associate, to join as a member of their Compliance department.

Responsibilities:

• AML Associate will investigate suspicious activity for potential money laundering, terrorist financing, fraud, and other illicit activity in violation of the BSA.
• AML Associate will conduct investigations on unusual activity that was escalated to a case from the Bank’s third-party alert clearing team.
• Key member of the Compliance Department in daily management of AML/BSA risk, ensuring compliance with all federal and state laws and regulations.
• AML Associate will interact with all lines of business to resolve issues as appropriate and determine whether the activity is deemed suspicious or can be closed.
• Prepare Currency Transaction Reports and Suspicious Activity Reports to ensure the Bank meets regulatory reporting requirements.
• AML Associate will ensure MILs are completed.
• Successfully assist with clearing potential OFAC/Watchlist hits.
• AML Associate will conduct EDD reviews on High Risk Customers.
• Ability to keep informed of regulations, laws  and current practices pertaining to the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations.
• Develop and modify external and internal forms, as needed.
• Successfully research regulations, laws, and guidance impacting the Bank as it relates to new/modified products/services.
• Ability to support management with development and rollout of initiatives impacting the Bank.
• Successfully support Senior and Executive Management.
• Additional responsibilities as assigned by management.

Requirements:

• Bachelor Degree or equivalent experience.
• Minimum two years of AML/BSA Compliance experience.
• CAMS preferred.
• Excellent communication and collaboration skills, ability to work effectively with all levels across the Bank.
• Excellent analytical, research, and problem-solving skills.
• Provide solutions and direction, multi-task, work independently and deliver results in a timely manner.
• Motivated, results oriented individual who can work in a time sensitive environment.
• Specialized knowledge of Bankers Toolbox (BAM+), Digital Currency, Prepaid Debit Cards preferred.

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