Senior AML/CFT Compliance Analyst - AML Investigations (Remote)

First Citizens; Raleigh (NC); Remote; USD 70,000 - 100,000; Full time

Benefits offered by this job

Benefits package

Remote work options

Job summary

First Citizens Bank seeks a Senior AML/CFT Compliance Analyst to lead complex investigations, EDD reviews, and data-driven risk assessments in a remote role serving multiple markets across the United States.

You will prepare SARs and closing memos, review transactions, and support enhancements to AML/CFT processes while staying current with BSA/AML, OFAC, and KYC requirements. Strong QA and communication skills are essential.

Qualifications

• Bachelor's Degree and 2 years' experience OR High School Diploma or GED/Equivalent and 6 years' experience in AML/CFT compliance, investigations, or related field.
• Strong understanding of BSA/AML regulations, OFAC, and KYC requirements.
• Experience with AML/CFT software, data analytics tools, and case management systems.

Responsibilities

• Investigations and Enhanced Due Diligence - Manage and investigate complex cases of suspicious financial activity. Conduct thorough Enhanced Due Diligence (EDD) reviews for higher risk clients.
• Quality Assurance and Testing - Develop and conduct testing of AML/CFT policies, procedures, and controls. Provide independent assessments of AML/CFT programs to management.
• Reporting and Documentation - Prepare comprehensive SARs and due diligence reviews in accordance with federal regulations. Develop detailed investigation reports and risk assessments.
• Data Analysis and Trend Identification - Analyze complex data sets to identify trends and risks; develop dashboards for AML/CFT monitoring.
• Regulatory Compliance and Expertise - Maintain expert knowledge of AML/CFT regulations and serve as SME for team members.

Skills

AML/CFT regulatory knowledge

Investigative techniques

Data analysis and interpretation

Quality assurance methodologies

Financial crime risk assessment

Risk assessment and mitigation

Verbal and written communication

Reporting and documentation

Compliance program management

Training and development

Education

Bachelor's Degree and 2 years' experience OR High School Diploma or GED/Equivalent and 6 years' experience in AML/CFT compliance

Tools

AML/CFT software

Data analytics tools

Case management systems

Job description

Overview

This is a remote role that may be hired in several markets across the United States.

The Senior AML/CFT Compliance Analyst is responsible for conducting complex investigations, quality assurance reviews, due diligence reviews, and data analysis to ensure compliance with Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) regulations. This role combines investigative skills, written and verbal communications skills, quality assurance expertise, and analytical capabilities to identify, assess, and mitigate financial crime risks. The analyst will lead investigations, conduct thorough reviews of client activity, write mitigating closing memos and SAR narratives, perform comprehensive evaluations of AML/CFT processes, and provide recommendations for enhancing the bank's overall risk mitigation capabilities.

Responsibilities & Qualifications

Duties & Responsibilities

• Investigations and Enhanced Due Diligence - Manage and investigate complex cases of suspicious financial activity. Conduct thorough Enhanced Due Diligence (EDD) reviews for higher risk clients. Analyze transaction patterns and client profiles to identify potential sanctions violations, money laundering or terrorist financing risks.


• Quality Assurance and Testing - Develop and conduct testing of AML/CFT policies, procedures, and controls. Identify potential issues, exceptions, or patterns within the overall AML/CFT program. Provide independent assessments of AML/CFT programs, policies, and procedures to management.


• Reporting and Documentation - Prepare comprehensive Suspicious Activity Reports (SARs) and due diligence reviews in accordance with federal regulations. Develop detailed investigation reports, case summaries, and risk assessments. Produce quality assurance reports and recommendations for process improvements (add- compile and organize reporting for senior leadership).


• Data Analysis and Trend Identification - Analyze complex data sets to identify trends, patterns, and potential risks. Develop and maintain data analytics tools and dashboards for AML/CFT monitoring. Contribute to the enhancement of transaction monitoring systems, alert scenarios, and sanctions screening tools.


• Regulatory Compliance and Expertise - Maintain expert knowledge of AML/CFT regulations, industry trends, and best practices. Serve as a subject matter expert on AML/CFT issues for less experienced team members. Participate in industry events and stay informed about evolving financial crime typologies.

Position Specific Skills

• AML/CFT regulatory knowledge


• Investigative techniques


• Data analysis and interpretation


• Quality assurance methodologies


• Financial crime risk assessment


• Risk assessment and mitigation


• Verbal and written communication


• Reporting and documentation


• Compliance program management


• Training and development

Qualifications

Minimum Required Education and Experience: Bachelor's Degree and 2 years' experience OR High School Diploma or GED/Equivalent and 6 years' experience in Experience in AML/CFT compliance, investigations, or related field; Strong understanding of BSA/AML regulations, OFAC, and KYC requirements; Experience with AML/CFT software, data analytics tools, and case management systems

License or Certification Type

CAMS certification preferred

Additional Information

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

This job posting is expected to remain active for 3 days from the initial posting date listed above. If it is necessary to extend this deadline, the posting will remain active as appropriate. Job postings may come down early due to business need or a high volume of applicants.

The base pay for this position is generally between $70,000 and $100,000. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.