Sr. AML Compliance Analyst at First Central Saving Bank Whitestone, NY

First Central Saving Bank; New York (NY); On-site; USD 65,000 - 80,000; Full time

Job summary

Itlearn360 is hiring a Senior AML Compliance Analyst located in New York, NY. The role involves analyzing and reporting on cannabis-related business accounts, ensuring compliance with AML/CFT regulations.

The ideal candidate will have a Bachelor's Degree, preferred CAMS Certification, and 1 to 2 years of relevant experience. Proficiency in the Microsoft Office suite and knowledge of AML guidelines are essential. A competitive salary range of $65,000 - $80,000 annually is offered for this role.

Qualifications

• Bachelor's Degree required.
• Preferred CAMS Certification.
• 1 to 2 years of AML experience, especially with cannabis accounts.

Responsibilities

• Collect and analyze information on cannabis-related business accounts.
• Review alerts and investigate to close or elevate cases.
• Perform suspicious activity investigations and assist in SAR filing.

Skills

Microsoft Office suite

Abrigo BAM+ Transaction Monitoring system

AML Compliance knowledge

Bankers’ Toolbox

Education

Bachelor’s Degree

CAMS Certification

Job description

Sr. AML Compliance Analyst job at First Central Saving Bank. Whitestone, NY.

Purpose

The Senior AML Analyst is responsible for collecting, analyzing and reporting on new and ongoing cannabis related business accounts. Investigating potential new CRB Business accounts in relation to all aspects of the AML/CFT Act, Sanctions laws and regulations including the USA PATRIOT Act.

Salary Range

$65,000 - $80,000 annually

Essential Job Functions

• Experienced with Abrigo BAM+ s Transaction Monitoring system.
• Assign, review and investigate alerts and close or elevate to case.
• Perform case investigations to determine SAR or No SAR filings.
• Review daily audit log for data integrity issues.
• Review CTRs for compliance and file CTRs on a timely basis.
• Perform High Cash customer reviews and apply appropriate Tags to customer accounts.
• Assist Operations department with monthly wire logs.
• Perform EDD reviews on high-risk accounts.
• Gather information from outside sources such as internet searches, third party vendors, public records, etc. for case management.
• Perform suspicious activity investigations and assist in SAR preparation and filing.
• Review subpoena log for AML related cases.
• Review FinCEN 314(a) list from FinCEN and prepare a report for submission to FinCEN if a match is found.
• Run OFAC/SDN scan against customer information file on a scheduled basis and conduct review if there is a true match in the list.
• Assist in preparation for Compliance Committee.
• Prepare monthly AML statistics.
• Assist in the preparation of examinations by FDIC, state and auditors.
• Assist management in the completion and tracking of various quality control functions in the AML Department.
• Other duties as assigned by management.

Required Education, Knowledge, Skills and Abilities

1. Bachelor’s Degree
2. Preferred CAMS Certification
3. An understanding of AML/CFT guidelines as outlined in the FFIEC manual
4. 1 to 2 years AML experience on cannabis accounts business
5. Proficient in Microsoft Office suite
6. Proficient with Bankers’ Toolbox