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AML Associate at Valley Bank
Morristown, New Jersey, United States -
Full Time

Start Date

Immediate

Expiry Date

31 Mar, 26

Salary

0.0

Posted On

31 Dec, 25

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

No

Skills

Anti-Money Laundering, Bank Secrecy Act, USA PATRIOT Act, Communication Skills, Research Skills, MS Office, Attention to Detail, Teamwork, Independence, KYC, CIP Documentation, Alert Review, Documentation, Compliance, NICE Actimize, Special Projects, OFAC

Industry

Banking

Description
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. Qualifications 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.
Responsibilities
The AML Associate is responsible for reviewing alerts from the Actimize Suspicious Activity Monitoring system and documenting the alert review process. They will also work with branch personnel to obtain KYC information and assist with compliance efforts.