Financial Crimes Analyst II
The Financial Crimes Analyst II assists with daily monitoring required for compliance with the Bank’s AML/CFT and anti-fraud programs. The primary areas include suspicious activity monitoring and fraud detection. The Bank’s Financial Crimes program 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.
ESSENTIAL FUNCTIONS:
- Adjudicate alerts generated by the Bank’s transaction monitoring system for fraud, AML and OFAC.
- Utilize various fraud detection tools across all payment channels (ACH, wires, P2P, etc.) to identify risky transactions and prevent financial losses to the Bank or its customers
- Conduct end-to-end investigations in a timely manner of high-risk, suspicious or fraudulent activity, by performing transaction analyses, gathering supporting case documentation (including but not limited to transaction images, monthly statements, and customer due diligence documents), writing comprehensive case summaries that provide strong, credible information and evidence to validate case outcomes (i.e. SAR/No SAR determinations).
- Support BSA/AML assignments on an as needed basis, including daily Currency Transaction Reports, recording/monitoring of negotiable instruments, analysis of foreign currency exchanges, verifying required customer due diligence documents were collected, and ad hoc reports.
- Assist Financial Crimes Manager with oversight and monitoring of the Bank’s cannabis clients, preparation of department metrics, oversight of case management to ensure timely and prompt investigation, collaborate with internal business partners to enhance the Bank’s AML and anti-fraud processes and procedures, conduct annual CTR exemption reviews, develop and implement fraud awareness initiatives to educate customers and bank employees, etc.
- Support the Bank’s compliance with all applicable state and federal regulations with respect to BSA, AML and OFAC.
- Stay abreast of changes in related regulations and regulatory agency guidelines.
- Participate in ongoing education by attending various webinars and seminars.
- Minimum of 5 years of banking experience in AML/CFT or anti-fraud areas
- In-depth knowledge of the anti-money laundering and countering the financing of terrorism regulations and fraud detection and prevention techniques
- 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 to work with large quantities of data and identify trends, errors and gaps.
- Ability to collaborate and communicate effectively both verbally and in written formats across all levels of the organization; able to select the appropriate method for outcomes and audiences.
- Require minimal manager intervention between assignment and delivery.
- Highly organized self-starter with excellent decision making and problem solving skills.
- Bachelor’s degree; CAMS certification is highly desired
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/).