Job Description

This position reports to VP/AML/CFT Officer.

Basic Function

Responsible for working closely with the senior Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) Officer to develop, administer and maintain an effective AML/CFT/Sanctions Compliance Program in accordance with applicable laws, guidelines and regulations.

Essential Duties

1. Work closely with the Bank’s senior AML/CFT Officer to perform, monitor and maintain specific aspects of the AML/CFT/Sanctions program, including:
   • Policy, program and risk assessments
   • Compliance monitoring 
   • AML/CFT related fraud detection and monitoring process
   • Assist with management of internal and/or external audits and exams for AML/CFT/Sanctions related issues to ensure timely and accurate responses and remediation
   • Assist with annual AML/CFT/Sanctions training and supplemental training when applicable
     
     
2. AML/CFT/Sanctions Data Analysis:
   • Review and analyze data on Verafin
   • Disposition alerts and perform CDD reviews
   • File CTRs and participate in SAR review process
   • Assist with FinCEN E-Filing process
   • Perform regular AML/CFT/Sanctions monitoring activities
   • Assist with AML/CFT/Sanctions related projects and program enhancements
   • Review and confirm data file transfers daily to Anti-Money Laundering software 
   • Rectify non-post items on ACH, ATM, Wires and Teller cash-ins or cash-outs
     
     
3. AML/CFT related Fraud Detection and Identity Theft Incidents:
   • Review and analyze AML/CFT related fraud alerts on Verafin
   • Assist with Fraud process implementation and review
   • Perform Fraud monitoring and reporting
   • Work with others pertaining to AML/CFT Fraud related incidents and Identity Theft related incidents to minimize impact to client(s) and protect client(s) from additional vulnerabilities 
     
     
4. Additional Departmental Responsibilities such as:
   • Attend applicable regulatory training, seminars and conferences to maintain regulatory consumer compliance knowledge
   • Determine effects of AML/CFT/Sanctions laws and regulations on Bank policy, procedures, processes and risk assessments
   • Implement changes to Bank policy, procedures, and practices to ensure compliance with AML/CFT/Sanctions laws and regulations
   • Inform Bank management and lines of business regarding changes to Federal and State regulatory law
     
     
5. Attend the following meetings:
   • Fraud Stars Meetings
   • Compliance Committee Meetings in senior AML/CFT Officer’s absence
   • Meetings with various areas throughout the Bank to resolve AML/CFT/Sanctions issues
   • New Product, Service, Technology Meetings for new or changed product, service or technology that relate or impact AML/CFT/Sanctions

Nonessential Duties

• Other duties as assigned

Knowledge, Skills & Abilities

• Excellent research and analytical skills
• Highly organized and capable of dealing with multiple duties/projects simultaneously
• Strong written and verbal communication skills
• Detail oriented with ability to work independently
• Excellent teamwork, interpersonal and conflict resolution skills
• Ability to think strategically and develop a detailed understanding of applicable products 
• Excellent knowledge of AML/CFT/Sanctions and Consumer Protection Regulations
• Knowledge of Verafin software preferred
• Knowledge of Fiserv Premier software preferred

Training & Experience

• Bachelor’s degree in Economics, Finance, Business Management, related field or equivalent related experience
• Prior financial services experience in a corporate services support role (Compliance, Audit, Risk, etc.) preferred
• At least 5 years prior AML/CFT/Sanctions/Compliance experience
• ACAMS/CRCM Certifications or progress toward preferred
• Prior fraud detection and prevention experience helpful
• Microsoft proficiency

First Bank Chicago is an Equal Opportunity Employer: disability/veteran
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