The Bank’s Financial Crimes team is a first line of defense that conducts prevention, monitoring and investigation activities to mitigate exposure to fraud, money laundering, electronic crime, and terrorist financing. The Financial Crimes Specialist II’s primary areas of responsibility include suspicious activity monitoring, fraud detection, alert investigation and resolution, high risk account monitoring, and currency transaction report filing.
ESSENTIAL FUNCTIONS
- Review new customer risk assessments and identify red flags for fraudulent or suspicious activity.
- Help the Bank comply with all applicable state and federal regulations with respect to BSA, AML and OFAC.
- Assist the Financial Crimes Manager in sample testing new accounts.
- Work with other business teams to enhance the Bank’s AML and anti-fraud processes and procedures.
- Manage alerts in the Bank’s fraud and AML detection system to ensure timely review and resolution.
- Assist with AML case management to ensure timely and prompt investigation.
- Oversee the review of negotiable item reporting and cash activity in branches.
- Conduct annual CTR exemption reviews.
- Perform periodic high risk customer reviews.
- Keep abreast of changes in relevant regulations and regulatory agency guidelines.
- Participate in ongoing education by attending various webinars and seminars.
JOB QUALIFICATIONS
- In-depth knowledge of the anti-money laundering and countering the financing of terrorism regulations (including the Bank Secrecy Act) and fraud detection and prevention techniques
- Strong analytical, decision-making, organizational, and communication skills
- Substantial experience with AML and anti-fraud software, Microsoft Word, and Microsoft Excel. Success in this role will require working knowledge or willingness to develop expertise with advanced features of Microsoft Excel, including pivot tables and functions.
- Minimum of 5 years of experience in AML/CFT or anti-fraud areas
- Bachelor’s degree; CAMS certification is highly desired
- Self-motivated
- Ability to work independently, multi-task, and prioritize projects
- Detail-oriented
Top Skills
What We Do
Since 1960, Northern Bank has been the banking partner of choice for businesses and consumers throughout New England. We take an entrepreneurial, commonsense approach to providing a complete line of banking solutions. We are deeply invested in the communities we serve and passionately committed to helping you, our customers, grow. Thanks to the unwavering dedication of our team and the loyalty of our customers, we have been named the #1 performing Community Bank in New England for seven straight years and #1 in the United States in 2015.
Northern Bank provides businesses and individuals with deposit and cash management services, commercial and franchise financing, residential mortgages, and wealth management services. We currently operate 12 branches in the Greater Boston market. For more information, contact us at 800-273-6908 or visit www.nbtc.com. Member FDIC | Equal Housing Lender.
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