This position reports to VP/AML/CFT Officer.
Basic Function
Responsible for working closely with the senior Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) Officer to develop, administer and maintain an effective AML/CFT/Sanctions Compliance Program in accordance with applicable laws, guidelines and regulations.
Essential Duties
Work closely with the Banks senior AML/CFT Officer to perform, monitor and maintain specific aspects of the AML/CFT/Sanctions program, including:
Policy, program and risk assessments
Compliance monitoring
AML/CFT related fraud detection and monitoring process
Assist with management of internal and/or external audits and exams for AML/CFT/Sanctions related issues to ensure timely and accurate responses and remediation
Assist with annual AML/CFT/Sanctions training and supplemental training when applicable
AML/CFT/Sanctions Data Analysis:
Review and analyze data on Verafin
Disposition alerts and perform CDD reviews
File CTRs and participate in SAR review process
Assist with FinCEN E-Filing process
Perform regular AML/CFT/Sanctions monitoring activities
Assist with AML/CFT/Sanctions related projects and program enhancements
Review and confirm data file transfers daily to Anti-Money Laundering software
Rectify non-post items on ACH, ATM, Wires and Teller cash-ins or cash-outs
AML/CFT related Fraud Detection and Identity Theft Incidents:
Review and analyze AML/CFT related fraud alerts on Verafin
Assist with Fraud process implementation and review
Perform Fraud monitoring and reporting
Work with others pertaining to AML/CFT Fraud related incidents and Identity Theft related incidents to minimize impact to client(s) and protect client(s) from additional vulnerabilities
Additional Departmental Responsibilities:
Attend applicable regulatory training, seminars and conferences to maintain regulatory consumer compliance knowledge
Determine effects of AML/CFT/Sanctions laws and regulations on Bank policy, procedures, processes and risk assessments
Implement changes to Bank policy, procedures, and practices to ensure compliance with AML/CFT/Sanctions laws and regulations
Inform Bank management and lines of business regarding changes to Federal and State regulatory law
Attend the following meetings:
Fraud Stars Meetings
Compliance Committee Meetings in senior AML/CFT Officers absence
Meetings with various areas throughout the Bank to resolve AML/CFT/Sanctions issues
New Product, Service, Technology Meetings for new or changed product, service or technology that relate or impact AML/CFT/Sanctions
Nonessential Duties
Other duties as assigned
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 products
Excellent knowledge of AML/CFT/Sanctions and Consumer Protection Regulations
Knowledge of Verafin software preferred
Knowledge of Fiserv Premier software preferred
Training & Experience
Bachelors degree in Economics, Finance, Business Management, related field or equivalent related experience
Prior financial services experience in a corporate services support role (Compliance, Audit, Risk, etc.) preferred
At least 5 years prior AML/CFT/Sanctions/Compliance experience
ACAMS/CRCM Certifications or progress toward preferred
Prior fraud detection and prevention experience helpful
Microsoft proficiency
First Bank Chicago is an Equal Opportunity Employer: disability/veteran
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