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Valley Bank · 11 hours ago

AML Associate

Morristown, NJ

Full-time

Onsite

Entry Level

1+ years exp

Valley Bank is a leading relationship bank built for growth, focusing on the potential of its clients and associates alike. The AML Associate is responsible for reviewing alerts generated by the bank's transaction monitoring system and determining whether activity should be escalated for further investigation and possible reporting.

Banking

Responsibilities

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

Qualification

ActimizeBSAUSA PATRIOT ActMS Office ApplicationsResearch skillsAttention to detailTeam orientedCommunication skills

Required

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

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