AML Compliance Investigator (#Hybrid at our Chicago HQ near O'Hare Airport)

In this role, you will be responsible to perform programs such as customer identification program, know your customer, and AML compliance functions. The functions include gathering and review of new member information, as well as monitoring financial transactions for existing members to identify suspicious activities. Analyze information received from other credit unions/banks and address AML economic sanctions-related to Office of Foreign Assets Control (OFAC) alerts.
Responsibilities

• Investigate and assess alerts relating to potential money laundering risks in the organization. Review, resolve and/or escalate alerts or other material adverse media screens.
• Collect documentary proof and build and maintain case files for transactions deemed suspicious.
• Ensure completing review of the 314(a) report as warranted.
• Prepare and file Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) to appropriate governmental agencies in accordance with policies, standards, and procedures.
• Address queries from other credit unions/banks relating to money laundering matters.
• Review legal requests and conducts account reviews from a BSA/AML/USA PATRIOT Act perspective.
• Maintain current with money laundering and terrorist financing behaviors, issues, policies, regulations, criminal typologies, industry best practices, and developing trends.
• Serve as a subject matter expert to employees, providing guidance on what actions to take in dealing with high-risk accounts. Help with AML compliance training on how to identify and report suspicious transactions

Education:

• Bachelors Degree - Business or related - Minimum

Years of Experience:

• 3 years - Anti money laundering compliance or related - Minimum

In Leiu of Education:

• 6 years - Anti money laundering compliance or related

License/Certifications/Training:

• Preferred: Association of Certified Anti-Money Laundering Specialists (ACAMS)

You will benefit from:

• Competitive medical, dental, and free vision benefits
• Paid parental leave
• Competitive compensation plan
• Gym memberships discounts
• Generous PTO and banking holidays off
• Tuition reimbursement
• 401k with immediate employer match and vesting

Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives.
The responsibilities listed do not contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this position. Duties, responsibilities and activities may change at any time with or without notice.