The AML Analyst III is a senior analyst that reports information and findings directly to the AML MSB Supervisor and Deputy AML Officer. Primary responsibilities include supervising junior analysts in daily activities and providing comprehensive investigations into customer activity which includes conducting high-risk customer reviews utilizing the Bank’s resources (system software, reports, databases, and system applications) analyzing and monitoring high-risk accounts and corporate structures for irregular transactions for customers. Responsible for auditing AML Programs related to Retail, MSB Division customers, PFP program managers, and regular monitoring of the Bank’s overall AML Program. Additional AML responsibilities are mentioned below. The position supports the overall AML/CFT compliance efforts as required under the Bank Secrecy Act, USA Patriot Act, and Office of Foreign Assets Control.
QualificationsESSENTIAL DUTIES AND RESPONSIBILITIES:
The following is a list of essential functions, which may be subject to change at any time and without advance
notice. Management may assign new duties, reassign existing duties, or eliminate a function.
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Complete Enhanced Due Diligence Reviews for high-risk customers for assigned business unit, Retail, Payment & FinTech Partnerships, and MSB Division customers, which at a minimum includes assessing the overall risk and completion of necessary documentation of findings.
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Act as a supervisory analyst on the NICE/Actimize system, working alerts and case files for assigned business unit, Retail, Payment & FinTech Partnerships, and MSB Division customers.
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Work closely with internal departments to obtain additional information and documentation on suspect accounts and file Suspicious Activity Reports when required.
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Review multiple AML reports, which could include legal servings, law enforcement 314(a) requests, branch referrals of suspicious activity, currency transaction reports (CTRs), e-Wire OFAC hits, daily OFAC SDN list changes, new account reports, monetary instrument logs, and others.
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Prepare/review audits of Retail, MSB and PFP functions, such as quarterly CIP audits, beneficial ownership audits, R-Check audits, OFAC e-wire audits, Alert QC audits, and CTR audits.
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Take an active role in training AML Analyst I’s and AML Analyst II’s in job responsibilities.
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Be knowledgeable on all aspects of the Bank’s AML Program regarding monitoring customer activity in assigned business units and be prepared to answer questions from all departments and Bank staff regarding these requirements.
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Comply with the requirements of OFAC, the FBI’s Control List and USA Patriot Act, as applicable.
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:
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Excellent communication skills required (oral and written).
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4+ years’ experience in Banking combined with AML/CFT investigations preferred.
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Knowledge of high-risk customer attributes and monitoring, Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD).
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Ability to define problems, collect data, establish facts and draw valid conclusion.
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Able to complete daily responsibilities with little supervision.
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Able to maintain confidential records in a detailed and organized manner.
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Ability to meet deadlines.
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Typing minimum of 30 wpm.
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Good organizational and reconciling skills.
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AML/CFT knowledge / background.
ADDITIONAL RESPONSIBILITIES:
Every employee of Republic Bank is responsible for knowing and practicing Bank Secrecy Act Laws (AML/CIP/SAR/CTR/OFAC), the USA Patriot Act, and other related regulations as they relate to their specific job function. Training will be provided during your Introductory Period and annually thereafter. If you need additional training, you are responsible for contacting your immediate supervisor.
WHAT WE OFFER
As part of our commitment to your physical, emotional, and financial wellbeing, we proudly provide a comprehensive benefits package, which includes:
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A competitive salary range estimated at $65,000 - $78,000 annually for this position. (Final compensation may vary based on experience, skills, and qualifications)
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Generous Paid time Off (PTO) to help you rest, recharge, and take care of what matters most
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Health, dental, and vision insurance with tax-advantaged FSA and HSA account options
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Retirement benefits including 401k plan with discretionary matching contributions.
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Childcare assistance program to support working parents and their eligible dependents
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Parental Leave for both primary and secondary caregivers
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Short-term and long-term disability coverage for long-term income security
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Basic Life and AD&D insurance with elective additional coverage for you, your spouse, or children
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Mental health & wellness benefits including bank-paid Headspace meditation app subscription and access to our Employee Assistance Program
WORKING CONDITIONS:
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Normal office environment with little exposure to dust, noise, temperature and the like.
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Requires manual dexterity sufficient enough to operate offices machines such as computers, fax machines, calculators, telephones, and other office equipment.
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Extended viewing of CRT screen.
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Moderate lifting up to 50 pounds.
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Repetitive hand and arm movement.
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May require excessive sitting, standing, bending and reaching.
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Normal range of hearing and vision.
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Must have reliable transportation.
We look forward to working with you and to the contributions you will make to Republic Bank of Chicago, as well as the opportunity to provide you with professional growth. However, we recognize that you retain the option, as does Republic Bank of Chicago, of ending your employment with us at any time, with or without notice and with or without cause. As such, your employment with Republic Bank of Chicago is at-will and neither this job description nor any other oral or written representations may be considered a contract for any specific period of time.
Skills Required
- Excellent oral and written communication skills
- 4+ years experience in banking with AML/CFT investigations
- Knowledge of high-risk customer attributes, Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD)
- Ability to define problems, collect data, establish facts and draw valid conclusions
- Ability to complete daily responsibilities with little supervision
- Ability to maintain confidential records in a detailed and organized manner
- Ability to meet deadlines
- Typing speed minimum of 30 words per minute
- Good organizational and reconciling skills
- AML/CFT regulatory knowledge (BSA, USA PATRIOT Act, OFAC)
What We Do
Republic Bank of Chicago is a fiercely independent, family-owned community bank serving the Chicagoland area since 1964. It provides tailored business and personal banking solutions, specializing in support for entrepreneurs and local communities. With a commitment to stability and dependability, the bank offers a range of financial products, including checking, loans, and money market accounts, to help clients build a bright financial future.
