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Job Description
The Financial Intelligence Unit (FIU) coordinates day-to-day implementation of the bank’s enterprise-wide financial crime prevention efforts. The FIU includes several legal and compliance disciplines and is responsible for governance, oversight, and execution of Rockland Trust’s BSA, AML, and OFAC programs. Our programs are designed to ensure the protection of our customers, the bank, the U.S. financial system, and the country from illicit actors exploiting banking services with nefarious and criminal intent. The FIU develops or assists in developing policies and procedures to help the business units know their customers, conduct due diligence, and report suspicious activities.
Primary Objective
The FIU AML Analyst, reporting to the FIU Operations Manager, will perform risk functions supporting compliance with laws and regulations related to the Bank Secrecy Act, AML, the USA Patriot Act, Customer Identification Program, Beneficial Ownership, and OFAC requirements. Responsibilities include investigating potential money laundering, terrorist financing, drug trafficking, and fraud; performing enhanced due diligence; reviewing alerts and high-risk accounts; and identifying suspicious activities.
Responsibilities
* Analyze transactions for patterns indicating BSA/AML typologies.
* Conduct investigations using internal and external data sources.
* Perform enhanced due diligence on customers and related entities.
* Maintain thorough documentation supporting conclusions per regulatory guidelines.
* Prepare timely and accurate regulatory reports.
* Support business partners regarding BSA/AML/OFAC matters.
* Collaborate with internal departments for investigation data.
* Support strategic objectives and regulatory duties.
* Participate in training and development to stay current with trends.
* Escalate issues to management as needed.
* Ensure compliance with business and regulatory requirements.
* Participate in projects and process improvements.
* Assist in training new team members.
* Build good communication with business partners.
* Perform other duties as assigned.
Required Skills & Experience
* Knowledge of BSA, AML, OFAC regulations.
* 3-4 years of related experience or training.
* Preferred: Associates or Bachelor’s in Criminal Justice, Forensic Accounting, or related field; CAMS certification.
* Excellent communication, attention to detail, and time management skills.
* Interpersonal skills to interact across all levels.
* Basic knowledge of banking functions.
* Research and data analysis skills.
* Proficiency in MS Office.
* Understanding of AML typologies.
Our goal is to offer a comprehensive benefits package and a supportive environment. Benefits include competitive compensation, health insurance, 401K, life insurance, paid time off, tuition assistance, wellness programs, and more. We are committed to diversity and equal opportunity, providing accommodations for individuals with disabilities.
Additional Information
* Seniority level: Mid-Senior level
* Employment type: Full-time
* Job function: Finance and Sales
* Industry: Banking
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