AML Analyst

Job Locations US-MI-Grand Rapids
ID
2018-3703
# of Openings
1
Type
Full Time
Category
Legal/Compliance/Audit

Overview

Lake Michigan Credit Union is one of the largest financial institutions in Michigan and was established in 1933. We are seeking customer oriented individuals to join our team and help ensure our 5 star promise is carried out. As an employee, you'll enjoy a stimulating, professional atmosphere, supported by the latest technology and training. You will be encouraged to refine your existing skills in an environment of empowerment, gain new experiences, and progress to the limits of your own motivation.

 

Lake Michigan Credit Union is looking for a dedicated individual to join our Compliance department as an AML Analyst.

Responsibilities

The Anti-Money Laundering (AML) Analyst position ensures adherence to Bank Secrecy Act (BSA) through transaction monitoring, investigation of suspicious activity, and the drafting of Suspicious Activity Reports (SARS).

 

Resonsibilites include:

  • Performs various BSA tasks related to customer transactional activity.
  • Monitors customer account activity as outlined by established procedures, including reviewing alerts generated from the AML monitoring software.
  • Performs daily investigations of possible criminal activity using internal reports, the internet and other sources.
  • Performs case-level investigations of potential suspicious activity and makes a recommendation to BSA Management regarding the filing of a Suspicious Activity Report (SARs).
  • Prepares SARs for review for submission to FinCEN.
  • Monitors cash transactions and wire transfers for unusual activity and maintains ongoing records.
  • Reviews daily reports for possible structuring activity by bank customers.
  • Assisting with other duties as assigned.

Qualifications

  • 2 year college degree or equivalent.
  • 2+ years of experience in a banking environment (previous compliance experience, preferably in BSA/AML).
  • Excellent organizational and interpersonal skills.
  • Excellent analytical and investigation skills.
  • Knowledge in BSA/AML.
  • Proficient in Microsoft Office and good working knowledge of Symitar skills, Application Extender/OnBase, Image Center.

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