Coastal Community Bank

AML Investigation Analyst II

Coastal Community Bank

full-time

Posted on:

Location Type: Remote

Location: Remote • 🇺🇸 United States

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Job Level

Junior

About the role

  • Analyze leads for suspicious activity, including those generated from detection software and other sources.
  • Ensure the timely processing of all AML casework and suspicious activity reporting (SAR) in accordance with Bank Secrecy Act (BSA), USA PATRIOT Act, and regulatory guidance issued by the FDIC and FinCEN, and Coastal Policies and Procedures.
  • Conduct complex investigations to identify money laundering, gather evidentiary information, and maintain case files.
  • Independently review and make decisions within the AML Case Management system.
  • Draft in-depth narrative summaries of suspicious activity; prepare and submit Suspicious Activity Reports (SARs).
  • Provide internal service following Coastal Core Values.
  • Actively develop knowledge of criminal methods and AML typologies, applying these characteristics through proactive analysis of transaction data to identify unusual activity.
  • Adhere to defined service level agreement (SLA) timelines.
  • Follow and comply with all regulatory and compliance regulations.
  • Stay abreast of industry standards and developments in Know Your Customer (KYC), BSA/AML, and Office of Foreign Assets Control (OFAC), and apply regulatory requirements and internal policies to your analysis.
  • Responsible for participating in continuing education to maintain and/or enhance job performance.
  • Cross-train and share knowledge with all BSA teammates.
  • Assist with special projects within the department as the need arises.

Requirements

  • Thorough knowledge of Bank Secrecy Act, USA Patriot Act, OFAC, and related regulations.
  • Ability to explain BSA concepts with confidence: AML, Customer Identification Program (CIP), KYC, Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), OFAC, and Suspicious Activity Report (SAR).
  • Ability to develop and/or enhance AML operating processes to achieve high levels of effectiveness.
  • Ability to develop, create and improve systems, structures, and processes.
  • Ability to observe strict confidentiality requirements.
  • Strong analytical skills and ability to resolve complex problems with minimum guidance.
  • Strong attention to detail and accuracy.
  • Effective time management, planning, and organizational skills.
  • Ability to manage multiple tasks/projects and deadlines simultaneously.
  • Ability to be a self-starter that requires little to no prompting from supervisors.
  • Strong verbal and written communication skills.
  • Strong research skills from all available sources.
  • Bachelor's degree or equivalent experience.
  • 1-3 years of banking experience with a significant emphasis on anti-money laundering compliance, consumer compliance, audit, or bank operations.
  • CAM, CFE, or equivalent or willingness to obtain certification.
Benefits
  • Be the Best – Communicate effectively, pay close attention to detail, and prioritize your personal development.
  • Be Relentless – Thrive in a goal-oriented environment exercising both patience and persistence.
  • Advocate for our customers and team members and strive to promote the Coastal Difference.
  • Be Un-Bankey – Be a forward thinker with a creative mindset.
  • Build long-lasting relationships promoting the Coastal Difference, built on a foundation of integrity, honesty, and trust.
  • Embrace Gray Thinking – Use sound judgment while decision-making and problem-solving.
  • Think outside the box.
  • Stay Flexible – Organize and strategize effectively while always being prepared to adapt on the fly.
  • Seek efficiencies for Coastal to work smarter, not harder.
  • Take Care of Each Other – Understand what it means to be a true team player and have your teammate's back. Practice self-awareness and build your emotional intelligence.

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
AML caseworksuspicious activity reportingmoney laundering investigationsAML Case Management systemtransaction data analysisBSA/AML complianceKYCCustomer Identification ProgramCustomer Due DiligenceEnhanced Due Diligence
Soft skills
analytical skillsattention to detailtime managementorganizational skillsself-starterverbal communicationwritten communicationresearch skillsproblem-solvingconfidentiality
Certifications
CAMCFE