AML Alert Analyst Sr
Company: Flagstar Bank
Location: Troy
Posted on: April 17, 2024
Job Description:
An AML Senior Alert Analyst is responsible for maintaining
certain aspects of the Bank's ML/CFT program and assists in meeting
and maintaining BSA/AML compliance requirements of the Bank.
Complies with all applicable, federal and state laws, regulations
and guidance, including those related to Anti-Money Laundering
(i.e. Bank Secrecy Act, USA PATRIOT Act, etc.), as well as adhering
to the Bank's policies and procedures to mitigate risk exposure to
the Bank. Assigned to a team that is responsible for working with
the Bank's transaction monitoring system to help prevent, detect,
and deter ML/TF and other illicit financial activity using a
risk-based approach. This includes performing alert reviews to
identify normal and abnormal transactional activity that may range
from routine to highly complex utilizing customer KYC, external
research, and detailed account analysis. Alert adjudications may
result in potential escalation for additional review. Assists with
mentoring and training team members. Pay Range: $64,022.43 -
$83,229.16 - $102,435.89
- (80% of time) Perform analysis and complete dispositions on
alerts for potentially suspicious activity as it may relate to
money laundering, terrorist financing, and other financial crimes.
Ensures that alerts are conducted on a timely basis. -
- (10% of time) Engage in additional assignments as directed by
management. Attend and participate in team/department staff
meetings and continuing education training. Acquire and maintain
working knowledge of all compliance, regulatory, and business unit
policy, standard and procedure requirements associated with the
job. Ensure compliance with applicable federal, state and local
laws and regulations. Complete all required compliance training.
Maintain knowledge of and adhere to internal compliance policies
and procedures. Take responsibility to keep up to date with
changing regulations and policies. May assist with updating
departmental procedures and providing metrics and trending
information to management.
- (5% of time) Communicates with branch personnel and management
to verify accuracy of customer information & determine if activity
in question is expected for the particular type of customer and are
responsible to ensure all discrepancies are documented and
resolved.
- (5% of time) Mentoring and coaching other team members.
- Uses independent judgement and discretion to make
decisions.
- Performs special projects, and additional duties and
responsibilities as required.
- Consistently adheres to regulatory and compliance policies and
standards linked to the job as listed and complete required
compliance trainings. Accountable to maintain compliance with
applicable federal, state and local laws and regulations.
Job Requirements:
- Undergraduate Degree (4 years or equivalent) (preferred). Field
of study required or equivalent work experience: Finance,
Accounting, Business Management, or Criminal Justice
- Minimum experience required: three years or more (3+) in
BSA/AML performing alert/case financial investigations OR minimum
three (3) years of management experience and/or experience leading
and directing staff
- ACAMS Certification or CFCS (preferred)
- Working knowledge and understanding of BSA/AML, OFAC, and USA
PATRIOT Act regulations and risk management principles
- Working knowledge and understanding of Banking and Lending
products and services and core banking systems such as teller
transactions and accessing customer transaction histories
- Knowledge of BSA monitoring systems (preferred)
- Strong verbal and written communication skills, and good
organizational skills
- Must possess excellent analytical skills and be able to handle
multiple complex tasks concurrently
- High degree of accuracy and attention to detail
- Advanced computer literacy skills with proficiency in Microsoft
Office as well as Internet research techniques
- Ability to work and contribute in a team-oriented and
collaborative environment to improve the analytical and reporting
processes
- Ability to meet deadlines and manage multiple tasks and
projects in a fast-paced environment
- Ability to understand and draw conclusions from research
conducted
- No travel requirements
- Physical demands (ADA): No unusual physical exertion is
involved.
Keywords: Flagstar Bank, Southfield , AML Alert Analyst Sr, Professions , Troy, Michigan
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