AML Investigator

U.S. Bank; Cincinnati (OH); On-site; USD 66,000 - 78,000; Full time

Job summary

U.S. Bank is seeking an AML Investigator in Cincinnati, OH to join the Enterprise Financial Crimes Compliance AML Investigations division. You will conduct enterprise-wide investigations, analyze transactions and customer data, and determine SAR or no SAR filings while adhering to AML/BSA requirements.

Preferred candidates have banking/AML experience, strong written and verbal communication, and proficiency with Excel; CAMS certification is a plus. This role requires working from a U.S.

Qualifications

• Bachelor's degree or equivalent work experience.
• Typically 2+ years of applicable AML investigations experience.
• Experience in banking and AML compliance preferred.
• Excellent written and oral communication skills.
• Strong proficiency in Excel and data analysis.
• Knowledge of BSA/AML laws and regulations.
• Familiarity with Actimize case management system.
• Knowledge of retail banking, lending and bank operations.

Responsibilities

• Conduct enterprise-wide investigations, analyze transactions and customer data.
• Research open source and media sources and decide SAR vs no SAR.
• Prepare quality case notes and attach internal/external research.
• Prepare SAR forms when SAR is recommended.
• Escalate or refer cases and ensure production and quality goals.

Skills

AML compliance

Banking knowledge

Excel proficiency

Analytical skills

Problem solving

Attention to detail

Communication skills

BSA/AML laws knowledge

Retail banking knowledge

CAMS preferred

Education

Bachelor's degree or equivalent

Tools

Actimize

Microsoft Office

Job description

Job Description

U.S. Bank is responsible for maintaining an effective anti‑money laundering (AML) program for monitoring, detecting, and reporting suspicious activity to appropriate regulatory agencies. As a member of the Enterprise Financial Crimes Compliance AML Investigations division, you will be part of the bank’s second line of defense to prevent individuals and businesses from using U.S. Bank products and services for illegal purposes. As an AML Investigator, you will conduct enterprise‑wide investigations identifying unusual activity and preparing Suspicious Activity Reports (SARs) to be filed with Financial Crimes Enforcement Network (FinCEN) as well as writing and preparing cases that result in No SARs. An AML Investigator should have a basic understanding of AML/BSA laws and regulations, the financial services industry, and regulatory trends that impact their assigned line of business. During the investigation, you may identify gaps and help drive solutions that minimize losses resulting from inadequate internal processes, systems, or human errors. You will assist in identifying and/or escalating risks, as appropriate.

Responsibilities

You’ll contribute to the bank’s overall strategy and risk profile by:

• Conducting comprehensive case investigations which includes analyzing transaction information, reviewing customer data, researching open source and media checks, and recommending a SAR or no SAR to be filed
• Working cooperatively with internal departments to obtain and analyze necessary information related to the investigation
• Preparing quality investigative documentation which includes clearly articulating written detailed case notes, and providing attachments of internal and external research
• Preparing the SAR form when a case investigation results in a SAR recommendation
• Recommending customer relationship closures, case escalations or case referrals as appropriate
• Ensuring case production and quality goals are met
• Completing other duties as assigned

Basic Qualifications

• Bachelor's degree, or equivalent work experience
• Typically 2+ years of applicable experience

Preferred Skills/Experience

• Experience in banking, and/or AML compliance
• Effective oral and written communication skills
• Strong proficiency in Excel
• Strong analytical skills
• Strong problem‑solving skills
• Ability to adapt to a changing environment and handle multiple priorities
• Strong attention to detail
• Knowledge of Microsoft Office applications, along with general proficiency in adapting to new software applications
• Knowledge of Bank Secrecy Act (BSA)/AML laws and regulations
• Knowledge of Actimize case management system
• Knowledge of retail banking, lending and bank operations processes
• Certified Anti‑Money Laundering Specialist (CAMS) certification preferred

This role requires working from a U.S. Bank location three (3) or more days per week.

We are hiring in the following locations: Cincinnati, OH

Benefits

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind.

Our benefits include the following:

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short‑term and long‑term disability
• Pregnancy disability and parental leave
• 401(k) and employer‑funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
• Review our full benefits available by employment status here.

E-Verify

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

U.S. Bank participates in the U.S. Department of Homeland Security E‑Verify program in all facilities located in the United States and certain U.S. territories. The E‑Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E‑Verify program.

Pay Range: $66,640.00 - $78,400.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, RegZ, RegG, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures. Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies. Posting may be closed earlier due to high volume of applicants.

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever‑growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.