The AML Investigations Manager is responsible for developing and managing the bank's program to ensure and monitor compliance with the Bank Secrecy Act, USA PATRIOT ACT, and associated regulations including record keeping and reporting requirements. The AML Investigations Manager assists the SAM Manager in managing the risks associated with federal and state banking laws and regulations by implementing a comprehensive compliance program.
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Responsibilities include, but are not limited to:
- Manage team of investigators responsible for reviewing and escalating alerts derived from Actimize Suspicious Activity Monitoring (SAM) system, investigating cases resulting from escalated alerts, and filing SARs on suspect activity.
- Coordinate with other Investigations Manager to manage team workload, including assigning alerts and cases, reviewing cases and SARs prior to filing, and ensuring all filings are done within specific time frames. Oversee completion of manual reporting to ensure reviews are completed in a timely manner, and any issues identified are properly escalated.
- Perform Quality Control reviews of alerts, providing feedback to investigators as to any issues found.
- Work with Quality Assurance team to ensure issues identified by QA are rectified in a timely manner.
- Work across business lines to facilitate SAM investigations, to identify and resolve issues with the SAM module or issues with Branch response.
- Assist the SAM Manager with internal audit and regulatory examinations.
- Assist in any special projects deemed necessary by management.
- Recommend enhancements to the SAM Manager to ensure ongoing improvement and evolution of procedures and practices for SAM reviews.
- Receive, review and distribute 314(a) list, ensuring any hits identified are reported to FinCEN within the specified time frame.
- Serve as 314(b) contact and gather information requested.
- Work with state and federal law enforcement officials to help them investigate and prosecute cases.
- Identify any customers which appear to be above the bank's risk tolerance and bring them to the attention of the SAM Manager for further action.
- Perform quarterly touchpoints and annual reviews of the Investigators, bringing to the attention of management any potential issues and suggesting possible promotions as warranted.
Required Skills:
- Strong knowledge of Bank Secrecy Act, USA Patriot Act, OFAC and Suspicious Activity Reporting requirements and other anti-money laundering laws and regulations.
- Maintain current knowledge of the Bank's automated BSA, anti-money laundering, and OFAC compliance systems.
- Maintain a working knowledge of Bank records and systems including Miser, Pandora, Synergy, SQN, Imaging and PARC.
- Must have the confidence and ability to identify potential issues and solutions and work with management to resolve those issues.
- Excellent time management skills and ability to prioritize and organize assignments.
- Ability to manage case flow and workloads of investigative employees to ensure proper tracking and monitoring of a wide variety of reports, work items and investigations.
- Excellent verbal and written communication skills.
- Ability to provide guidance and training to investigators and branch staff regarding SAM requirements.
- Ability to interact and respond intelligently to inquiries from Internal Audit and bank regulators.
- Advanced skills in the use of Microsoft Word, Excel, Access, PowerPoint, Outlook and experience with on-line research systems including web-based tools.
- Team oriented and able to work independently.
Required Experience:
- High school diploma or equivalent with a minimum of 7 years of investigative experience in banking, or law enforcement experience specifically involving money laundering, economic crimes or related areas.
- Strong knowledge of AML reporting requirements. Equivalent combination of experience is also acceptable.
- Bachelor's degree with knowledge of bank teller system and imaging system is preferred.
Exact compensation may vary based on skills, experience, and location.
$93,200.00
$160,900.00
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Valley National Bank
$93,200.00-$160,900.00
Feb 19, 2025