AML Investigator

The Financial Intelligence Unit (FIU) coordinates day-to-day implementation of the bank’s enterprise wide financial crime prevention efforts. The FIU includes several legal and compliance disciplines and has responsibility for governance, oversight and execution of Rockland Trust’s BSA, AML and OFAC programs. Our programs are designed to ensure protection of our customers, the bank, the U. S. financial system, and our country from illicit actors who exploit banking services with nefarious and criminal intent.

The FIU also develops or assists in developing appropriate policies and procedures, including those designated to assist the business units to know their customers and conduct appropriate due diligence and to prevent, detect and report potentially suspicious activity.

The FIU BSA Investigator will be responsible to perform various risk functions which support compliance with laws, rules and regulations associated with the Bank Secrecy Act, Anti-Money Laundering (AML) regulations, the USA Patriot Act, Customer Identification Program, Beneficial Ownership and Office of Foreign Asset Control (OFAC) requirements. Reporting to the FIU Operations Manager. The BSA Investigator will be expected to perform thorough investigations on a timely basis related to potential money laundering, terrorist financing, drug trafficking, and fraud;
Perform enhanced due diligence on customer accounts, review and investigate alerts, high risk accounts and identify suspicious activity.

Duties & Responsibilities to contribute to the bank’s overall strategy and risk profile include:

• Monitor account transactions to identify patterns or anomalies that may indicate activities associated with BSA/AML typologies
• Conduct comprehensive investigations by gathering and analyzing information from various sources, such as advanced internal software tools, external open data sources, and public records.
• Perform enhanced due diligence analysis and research on customers, beneficial owners, and related entities
• Use independent and professional judgement to develop and maintain notes, research, analysis, and decisions in accordance with FIU standards to sufficiently support conclusions according to regulatory guidelines
• Prioritize, maintain, and execute assigned workload in accordance with defined SLAs
• Adapt to and incorporate feedback to enhance investigative measures and clearly articulate a supportable rational behind decisions.

Prepare Regulatory Reports to ensure they are completed timely, accurately, and accordance with department procedures and regulatory guidelines.

• Understand business and regulatory requirements and ensure functions are being performed within those requirements. Maintain a thorough comprehension of AML typologies
  
  Participate in key training and learning opportunities and seek additional knowledge acquisition proactively
• Escalate issues and situations requiring attention of FIU Operations Manager, Director of Financial Intelligence, or the BSA Officer
• Collaborate with other FIU members to support the FIU’s strategic objectives and regulatory duties
• Identify opportunities to improve the effectiveness and/or efficiency of policies, procedures and/or processes and make appropriate recommendations to management
• Develop good rapport and communication with Business partners.
• Provide support and guidance to Business partners about BSA/AML/OFAC and other applicable FIU-related matters

Complete other duties as assigned

Required

Skills & Experience:

Knowledge of Bank Secrecy Act, Anti-Money Laundering, OFAC regulations.

2 - 3 years of similar or related experience and/or training.

Associates or Bachelor’s in Criminal Justice, Forensic Accounting or related field is preferred. A combination of education and experience will be considered

Professional certification such as CAMS (Certified Anti-Money Laundering Specialist) preferred.

• Excellent written and verbal communications skills, attention to detail and strong time management skills
• Strong interpersonal and communication skills to interact with all levels of Bank personnel.
• Basic knowledge of various banking functions such as, retail banking, commercial banking, trade-finance,…