AML Associate

Responsibilities include but are not limited to:

* Review alerts produced from Actimize Suspicious Activity Monitoring system and internal referrals using both internal and external tools, escalating to investigation anything warranting further review.

* Properly document all parts of the alert review process, including reason for escalation or closure of the alert.

* Work with Branch personnel in order to attain proper KYC information and CIP documentation when warranted.

* Assist with special projects as provided by AML management.

* Assist OFAC team with ruling out possible matches with SDN list of negative news searches.

Inform Investigations Manager of common alerts to ensure the monitoring platform consistently addresses prevailing risk.

* Support in the day-to-day compliance efforts with AML/KYC requirements.

Required Skills:

* Working understanding of reporting requirements of the Bank Secrecy Act (BSA), and USA PATRIOT Act.

* Excellent oral and written communications skills.

* Ability to conduct research using various sources.

* Knowledge of MS Office Applications, including Excel and Word.

* Ability to maintain attention to detail and accuracy under pressure situations.

* Team oriented and able to work independently.

Required Experience:

* High School diploma or GED and a minimum of 1 year experience in banking operations with an understanding of anti-money laundering processes or completion of the Valley internship program in AML.

* Experience with the NICE Actimize system preferred.