AML Investigator I

Valley National Bank; Morristown (NJ); On-site; USD 62,000 - 103,000; Full time

Job summary

Valley National Bank in Morristown, NJ seeks an AML Analyst to review alerts from monitoring software, assess activity, and escalate when necessary. The role requires strong knowledge of AML laws, sharp analytical skills, and careful documentation.

You will file SARs with FinCEN and collaborate on complex cases across high-risk scenarios. You will research activity against KYC docs, prepare narratives, and support ongoing compliance with AML/KYC standards while contributing to guidance and

Qualifications

• Knowledge of laws applicable to money laundering, including BSA, Patriot Act, US Treasury AML guidelines, OFAC, and SAR requirements.
• Strong verbal and written communication skills.
• Superior organizational and analytical skills with good time management.

Responsibilities

• Review alerts from AML software to determine need for further review.
• Research customer activity against KYC documentation and sources to assess SAR filing.
• Investigate suspicious activity and draft SAR narratives for substantiation.
• Draft and file SARs with FinCEN.
• Manage complex cases including international wires and high-risk accounts.
• Identify and analyze external records (credit bureaus, police, court records) for investigations.
• Recommend closing accounts/relationships based on investigations.
• Correspond with employees and customers on structuring and related matters.
• Prepare bank-wide guidance on AML matters and assist with day-to-day compliance.
• Complete special projects assigned by AML management.

Skills

AML laws

Communication

Organization

Research

MS Office

Attention to detail

Teamwork

Prioritization

Education

High School Diploma or GED

Bachelor's degree preferred

CAMS certification preferred

Job description

Responsibilities

Responsibilities include but are not limited to:

• Review and analyze alerts generated by the Bank's electronic monitoring software to make a determination as to whether activity warrants further review. Review and analyze internal AML reports, draw conclusions and make recommendations regarding the need for further investigation.
• Research and analyze customer activity compared to KYC documentation and internal/external information sources and make recommendations regarding the need for further review and/or SAR filing.
• Research and analyze customer activity compared to KYC documentation and internal/external information sources and make recommendations regarding the need for further review and/or SAR filing.
• Conduct suspicious activity investigations and determine whether a Suspicious Activity Report is needed. Draft narrative for each case substantiating the decision/recommendation.
• Draft and file Suspicious Activity Reports with FinCEN.
• Manage complex cases involving matters such as multiple relationship accounts, international wires involving Bank-designated high risk jurisdictions, and complex cash structuring schemes.
• Identify and analyze records of outside agencies to facilitate investigations including credit bureau records, police and court records.
• Make recommendations for closing customer accounts/relationships based on investigation.
• Correspond with employees and customers in connection with matters such as structuring.
• Prepare bank wide guidance on AML matters.
• Work with the business and AML Investigations to understand and resolve potential AML monitoring issues.
• Work with the AML management team to ensure the monitoring platform consistently addresses prevailing risk.
• Support management in the day-to-day compliance efforts with AML/KYC requirements.
• Analyze, plan and complete special projects assigned by the AML management.

Requirements

Required Skills:

• Knowledge of laws applicable to money laundering, to include the BSA, The USA Patriot Act, U.S. Treasury AML guidelines, OFAC requirements and Suspicious Activity Reporting requirements.
• Strong verbal and written communication skills.
• Superior organizational and analytical skills. Strong time management skills.
• Strong research skills.
• Advanced skills in the use of Microsoft Word, Excel, Access, and Outlook. Experience with online research systems including web-based tools.
• Ability to maintain attention to detail and accuracy under pressure situations.
• Team oriented and able to work independently.
• Ability to prioritize and organize assignments.

Required Experience:

• High School Diploma or GED and a minimum of two years in banking operations or investigative law enforcement experience related to anti-money laundering.
• Bachelors Degree preferred.
• CAMS certification preferred.

Full-time/Part-time

Full-time

FLSA

Exempt

Total Rewards Summary

We provide a comprehensive and competitive total rewards package including base salary determined by factors such as the role, relevant experience, skill set, and geographical location. Eligible positions may also be eligible to receive commission-based compensation and/or discretionary incentive compensation, which may be awarded as cash or forfeitable equity, recognizing individual performance and contributions.

In addition to financial compensation, we offer a robust suite of benefits tailored to meet diverse employee needs based on eligibility criteria. These include comprehensive health care and insurance plans, retirement savings options, tuition and adoption reimbursement programs, paid time off, mental health support, and other valuable benefits programs. Further details regarding total compensation and benefits will be shared during the hiring process.

Pay Range $62,000.00 - $103,300.00 / year

Pay Range

Pay Transparency

In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.

Employee Polygraph Protection Act

Right to Work/E-Verify

Family and Medical Leave Act

Employer Privacy Policy

Valley is an equal opportunity/affirmative action employer. All qualified applicants are encouraged to apply and will be considered for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected status or characteristic.

If you are a person with a disability and need a reasonable accommodation to search or apply for a career opportunity, please call us at 800-652-6500, option 2, for assistance with an alternate method of access. A response to your accommodation request may take up to two business days. Other inquiries to this number will not receive a response.

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