AML/CFT Analyst

First Merchants Corporation; Lafayette (IN); On-site; USD 52,000 - 76,000; Full time

Benefits offered by this job

Bonuses

Medical Insurance

Dental Insurance

Vision Insurance

401k

HSA

FSA

Vacation & Sick Time

Job summary

First Merchants Bank in Indiana is seeking an AML/CFT Analyst to support our anti-money laundering program, performing clerical and analytical tasks to monitor transactions, validate data feeds, and assist with alerts. The role involves executing daily monitoring, reviewing high-risk customers, OFAC scans, CDD/EDD procedures, and assisting investigations as needed, with a focus on accuracy and compliance.

Qualifications include a high school diploma or GED and at least two years in retail,

Qualifications

• High school diploma or GED required.
• Minimum of two years in retail, operations or compliance bank functions.
• Bachelor's degree in business, management or related field is a plus.

Responsibilities

• Execute daily AML/CFT monitoring tasks and validate data feeds.
• Process alerts from AML monitoring systems and other sources.
• Perform periodic higher risk customer reviews.
• Run OFAC scan procedures and manage results.
• Carry out CDD/EDD monitoring procedures.
• Assist with monitoring procedures or investigations as needed.
• Support simple analyses and investigations.

Skills

Retail banking experience

Analytical ability

Education

High school diploma or GED

Bachelor's degree in business or related field

Job description

First Merchants Bank is seeking an AML/CFT Analyst to join our team! This position will provide clerical and analytical support for the execution of the Anti-Money Laundering, Countering the Financing of Terrorism (AML/CFT) program.

Essential Duties and Responsibilities:

1. Execute daily tasks related to the Anti-Money Laundering/Countering the Financing of Terrorism monitoring program, including but not limited to, the validation procedures for the transactions data and monetary instruments feed into BAM; enter wire transfer data into BAM.
2. Execute program assignments including review and process alerts generated from the AML transaction monitoring system or by other means.
3. Execute periodic higher risk customer reviews.
4. Execute 314a scan procedure.
5. Execute Office of Foreign Assets Control (OFAC) scan procedures and manage OFAC scan results received from the line-of-business.
6. Execute Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) monitoring procedures.
7. Assist with monitoring procedures or investigation as needed.
8. Assist with or perform simple, basic analysis and investigation.

To be successful in this position, we require the following:

• High school diploma or equivalent (GED).
• A minimum of two (2) years of retail, operations, or compliance bank functions experience.

The following would be a plus

• Bachelor's degree in business, management, or a related field.

First Merchants offers the following:

• Base Pay PLUS Bonuses
• Medical, Dental and Vision Insurance
• 401k
• Health Savings and Flexible Spending Accounts
• Vacation/Sick Time
• Paid Holidays
• Paid Parental Leave
• Tuition Reimbursement
• Additional Benefits

A little about us:

First Merchants is guided by a genuine philosophy of being a meaningful place to work and having a prosperous impact across all walks of life throughout the communities we serve, including consumers, businesses and other organizations. Our Vision, Mission and Team statement reflect and reinforce that authentic service philosophy.

Our Vision is:

To enhance the financial wellness of the diverse communities we serve.

Our Mission is:

To be the most responsive, knowledgeable, and high-performing financial organization for our clients, teammates, and shareholders.

Our Team:

"We are a collection of dynamic colleagues with diverse experiences and perspectives who share a passion for positively impacting lives. We are genuinely committed to attracting and engaging teammates of diverse backgrounds. We believe in the power of inclusion and belonging."

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws.

For further information, please review the Know Your Rights notice from the Department of Labor.