The Anti-Financial Crime (AFC) team is accountable for protecting Emigrant Bank from financial and reputational losses incurred by financial crimes by assessing, controlling, and mitigating risks.
The Anti-Money Laundering (AML) Investigator is responsible for conducting comprehensive investigations on Emigrant Bank’s clients and activity processed by the Bank to detect activity indicative of money laundering or other financial crimes.
Use regulatory standards, independent and professional judgment, and all Bank policies and procedures when reviewing AML investigations; monitor case aging and escalate as necessary.
Participate in below-the-line and/or above-the-line testing to improve model effectiveness; keep abreast of new rules, regulations, and reputational risks to further ensure/improve our investigation processes.
Understand business and regulatory requirements and ensure functions are being performed within those requirements.
Maintain a thorough comprehension of internal AML typologies relating to correspondent banking, private banking, and investment banking clients.
Manage complex investigations involving matters such as multiple relationship accounts, tiered and multi-faceted transactions; international wires involving Emigrant Bank designated high risk jurisdictions, and complex structuring schemes to identify potential money laundering or other financial crimes.
Utilize internal and external sources, and partner with other stakeholders, as necessary, to research and investigate cases.
Liaise with Technology to address any potential production issues and software updates and participate in user acceptance testing (UAT); draft and prepare SARs and file in accordance with regulatory requirements.
Requirements Minimum of a Bachelor’s degree and prior relevant experience as an AML investigator in a transaction monitoring and SAR writing capacity or equivalent experience or education.
Strong knowledge of AML laws (USA Patriot Act), regulations (Fed, SEC, FINRA) and their application to the supported products/business lines.
Working knowledge of MS Excel, including pivot tables, macros, filtering, and sorting; applied experience of effective internet search techniques; excellent writing, communication, analytical, judgment, and research skills.
An understanding of the legal and compliance issues of complex banking organizations with Correspondent Banking, Private Banking or Investment Banking experience.
Operational knowledge of USD payment systems, including SWIFT, CHIPS, ACH, and FedFunds.
Knowledge with case management systems (i.e.
Actimize/Mantas); experience using third party investigation software
– CAMS certification is a plus.