Financial Crimes Specialist II

Woburn, MA
Full Time
Experienced
The Bank’s Financial Crimes team is a first line of defense that conducts prevention, monitoring and investigation activities to mitigate exposure to fraud, money laundering, electronic crime, and terrorist financing. The Financial Crimes Specialist II’s primary areas of responsibility include suspicious activity monitoring, fraud detection, alert investigation and resolution, high risk account monitoring, and currency transaction report filing.

ESSENTIAL FUNCTIONS
  • Review new customer risk assessments and identify red flags for fraudulent or suspicious activity.
  • Help the Bank comply with all applicable state and federal regulations with respect to BSA, AML and OFAC.
  • Assist the Financial Crimes Manager in sample testing new accounts.
  • Work with other business teams to enhance the Bank’s AML and anti-fraud processes and procedures. 
  • Manage alerts in the Bank’s fraud and AML detection system to ensure timely review and resolution.
  • Assist with AML case management to ensure timely and prompt investigation.
  • Oversee the review of negotiable item reporting and cash activity in branches.
  • Conduct annual CTR exemption reviews.
  • Perform periodic high risk customer reviews.
  • Keep abreast of changes in relevant regulations and regulatory agency guidelines.
  • Participate in ongoing education by attending various webinars and seminars.
JOB QUALIFICATIONS
  • In-depth knowledge of the anti-money laundering and countering the financing of terrorism regulations (including the Bank Secrecy Act) and fraud detection and prevention techniques
  • Strong analytical, decision-making, organizational, and communication skills
  • Substantial experience with AML and anti-fraud software, Microsoft Word, and Microsoft Excel. Success in this role will require working knowledge or willingness to develop expertise with advanced features of Microsoft Excel, including pivot tables and functions.
  • Minimum of 5 years of experience in AML/CFT or anti-fraud areas
  • Bachelor’s degree; CAMS certification is highly desired
  • Self-motivated
  • Ability to work independently, multi-task, and prioritize projects
  • Detail-oriented

About Northern Bank & Trust Company

Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of over $3 billion with 12 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender. For more information on online banking services, please visit www.NBTC.com or follow Northern Bank on Facebook (/NorthernBankM A/), Twitter (@northernbankma), Instagram (@northernbankma) and LinkedIn (company/northern-bank-ma/).

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