AML CFT Specialist I

AML/CFT Risk Specialist

Company: Community of Resources, a division of Town Bridge Bank

Department: Risk

Job Type: Full-Time/Exempt

Candidates must be authorized to work in the U.S. without the need for current or future company sponsorship.

Applicants must reside within the geographic footprint of our operating locations.

Join Community of Resources, a division of Town Bridge Bank, as an AML/CFT Risk Specialist and become a key member of our Compliance team. In this role, you will help safeguard the Bank by supporting and enhancing its Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), Office of Foreign Assets Control (OFAC), and Red Flags Identity Theft Prevention programs.

Job Purpose

We are seeking a proactive and detail-oriented AML/CFT Risk Specialist to support the Bank's Compliance and Risk Management functions. This role is responsible for identifying and mitigating financial crime risks through transaction monitoring, customer due diligence, regulatory reporting, and investigative analysis. The AML/CFT Risk Specialist partners with internal stakeholders to ensure compliance with applicable Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), OFAC, and Identity Theft Prevention regulations while helping maintain a strong culture of compliance throughout the organization.

Job Responsibilities

• Monitor customer transactions and activity through the Bank's transaction monitoring systems to identify unusual or potentially suspicious activity.
• Investigate AML/CFT, OFAC, and fraud-related alerts and document findings in accordance with Bank policies and regulatory requirements.
• Conduct Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), and ongoing customer risk reviews to ensure compliance with Bank Secrecy Act (BSA) and AML regulations.
• Prepare clear, thorough, and accurate case documentation, including recommendations for escalation when warranted.
• Assist with the identification, investigation, and reporting of suspicious activity, including the preparation and filing of Suspicious Activity Reports (SARs) when required.
• Perform sanctions screening reviews and support compliance with Office of Foreign Assets Control (OFAC) requirements.
• Analyze customer and transaction data to identify trends, emerging risks, and potential compliance concerns.
• Support the administration and effectiveness of the Bank's AML, CFT, OFAC, and Red Flags Identity Theft Prevention Programs.
• Collaborate with business units, branch personnel, operations, lending, and other departments to gather information and resolve compliance-related matters.
• Provide guidance and support to employees regarding AML/CFT requirements, customer risk assessments, and regulatory obligations.
• Assist with regulatory examinations, internal audits, independent testing, and compliance reviews by preparing reports and supporting documentation.
• Maintain current knowledge of AML/CFT regulations, financial crime trends, and industry best practices to ensure ongoing compliance.
• Contribute to the development, enhancement, and implementation of policies, procedures, controls, and monitoring processes.
• Participate in compliance-related training programs and assist in promoting a strong culture of compliance throughout the organization.
• Generate periodic management reports and metrics related to AML/CFT monitoring activities, investigations, and program effectiveness.
• Ensure all assigned responsibilities are completed accurately, timely, and in accordance with regulatory requirements and Bank standards.
• Protect confidential customer and Bank information while adhering to the highest standards of ethics and professionalism.
• Perform additional duties and special projects as assigned.

Qualifications

• High school diploma or equivalent required; associate’s degree, bachelor’s degree, or additional coursework in finance, business, accounting, criminal justice, or a related field preferred.
• Minimum of three (3) years of Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) experience in a banking or financial services environment.
• Must possess, or be able to obtain, a recognized AML/CFT professional certification within one (1) year of hire.
• Strong knowledge of banking operations, financial products, and regulatory compliance requirements.
• Proficient in Microsoft Office applications, including Word, Excel, and Outlook.
• Ability to analyze and interpret financial statements, including balance sheets, income statements, cash flow statements, and financial ratios.
• Strong analytical, investigative, and problem-solving skills with exceptional attention to detail.
• Excellent verbal, written, and interpersonal communication skills with the ability to effectively communicate with employees, customers, and regulatory agencies.
• Proven ability to prioritize workload, manage multiple deadlines, and work efficiently in a fast-paced environment.
• Ability to adapt to changing priorities and maintain professionalism under pressure.
• Demonstrated commitment to confidentiality, ethical conduct, and compliance with company policies and procedures.
• Ability to work independently while also contributing effectively as part of a collaborative team.

Working Conditions

• Full-time position; generally, 40 hours per week, Monday through Friday.
• Occasional extended hours may be required to meet business needs.
• Primarily office-based work environment with limited outdoor exposure.
• Travel may be required to branch locations, customer sites, trainings, conferences, or other business-related events.
• Occasional overnight travel may be required.
• Valid driver's license and proof of automobile insurance required.

Physical Requirements

• Ability to remain seated for extended periods while performing computer-based work.
• Regular use of hands and fingers to operate office equipment and computer systems.
• Ability to communicate effectively through speaking and hearing.
• Frequent reaching with hands and arms.
• Occasionally standing, walking, bending, kneeling, crouching, or stooping.
• Ability to lift and carry up to 10 pounds regularly and up to 25 pounds occasionally.
• Requires close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.
• Ability to travel and drive to multiple locations as needed.
• Ability to think critically, analyze information, and make sound decisions.

Supervisory Responsibilities

• None