AML Alert Analyst Sr - Troy Michigan

Company: Flagstar Bank
Location: Troy, Michigan
Posted On: 04/18/2024

An AML Senior Alert Analyst is responsible for maintaining certain aspects of the Bank's ML/CFT program and assists in meeting and maintaining BSA/AML compliance requirements of the Bank. Complies with all applicable, federal and state laws, regulations and guidance, including those related to Anti-Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act, etc.), as well as adhering to the Bank's policies and procedures to mitigate risk exposure to the Bank. Assigned to a team that is responsible for working with the Bank's transaction monitoring system to help prevent, detect, and deter ML/TF and other illicit financial activity using a risk-based approach. This includes performing alert reviews to identify normal and abnormal transactional activity that may range from routine to highly complex utilizing customer KYC, external research, and detailed account analysis. Alert adjudications may result in potential escalation for additional review. Assists with mentoring and training team members. Pay Range: $64,022.43 - $83,229.16 - $102,435.89

• (80% of time) Perform analysis and complete dispositions on alerts for potentially suspicious activity as it may relate to money laundering, terrorist financing, and other financial crimes. Ensures that alerts are conducted on a timely basis. -
• (10% of time) Engage in additional assignments as directed by management. Attend and participate in team/department staff meetings and continuing education training. Acquire and maintain working knowledge of all compliance, regulatory, and business unit policy, standard and procedure requirements associated with the job. Ensure compliance with applicable federal, state and local laws and regulations. Complete all required compliance training. Maintain knowledge of and adhere to internal compliance policies and procedures. Take responsibility to keep up to date with changing regulations and policies. May assist with updating departmental procedures and providing metrics and trending information to management.
• (5% of time) Communicates with branch personnel and management to verify accuracy of customer information & determine if activity in question is expected for the particular type of customer and are responsible to ensure all discrepancies are documented and resolved.
• (5% of time) Mentoring and coaching other team members.
• Uses independent judgement and discretion to make decisions.
• Performs special projects, and additional duties and responsibilities as required.
• Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.
  
  • Undergraduate Degree (4 years or equivalent) (preferred). Field of study required or equivalent work experience: Finance, Accounting, Business Management, or Criminal Justice
  • Minimum experience required: three years or more (3+) in BSA/AML performing alert/case financial investigations OR minimum three (3) years of management experience and/or experience leading and directing staff
  • ACAMS Certification or CFCS (preferred)
  • Working knowledge and understanding of BSA/AML, OFAC, and USA PATRIOT Act regulations and risk management principles
  • Working knowledge and understanding of Banking and Lending products and services and core banking systems such as teller transactions and accessing customer transaction histories
  • Knowledge of BSA monitoring systems (preferred)
  • Strong verbal and written communication skills, and good organizational skills
  • Must possess excellent analytical skills and be able to handle multiple complex tasks concurrently
  • High degree of accuracy and attention to detail
  • Advanced computer literacy skills with proficiency in Microsoft Office as well as Internet research techniques
  • Ability to work and contribute in a team-oriented and collaborative environment to improve the analytical and reporting processes
  • Ability to meet deadlines and manage multiple tasks and projects in a fast-paced environment
  • Ability to understand and draw conclusions from research conducted
  • No travel requirements
  • Physical demands (ADA): No unusual physical exertion is involved. More...

        

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