AML and Fraud Financial Intelligence Unit Investigator

Company Description

For more than 70 years, IDB Bank has made it our mission to be the best bank for our clients by putting their needs first, and the success we’ve enjoyed fundamentally comes down to our people. Here at IDB, you’ll work side by side with some of the most talented professionals in the industry who share a strong sense of teamwork and a passion for providing exceptional service down to the smallest detail. We offer a comprehensive benefits package that includes generous paid time off and the ability to participate in our medical coverage and 401(k) plan on your very first day with us. We are also committed to diversity and inclusion, and to providing all of our team members with an equal opportunity to succeed and make meaningful contributions within a work environment that is respectful, welcoming and inclusive.

Job Description

Based in New York, the AML and Fraud Financial Intelligence Unit Investigator works under the Financial Intelligence Unit (FIU) Investigations Team Leads and in close conjunction with the Compliance Quality Assurance Officers. Primary responsibility will be to conduct thorough AML / Fraud investigations of customer transactions and present and prepare SARs in order to ensure that the Bank is in compliance with BSA/AML regulatory requirements. An additional primary or secondary responsibility may be performing Quality Control reviews of AML / Fraud investigations to ensure appropriateness, accuracy, and adherence to procedures, documentation standards, and decisioning.

This individual must have a strong understanding of banking transactions as well as the implications on complying with all laws and regulations relating to money laundering including the Bank Secrecy Act, USA PATRIOT Act, KYC, OFAC, SARs and CTRs.

The AML and Fraud FIU Investigator is responsible for reviewing system-generated and referred alerts for appropriate action which may include escalation to case for potentially suspicious activity while conducting due diligence through various sources, both internal and external, documenting investigations and its results and providing initial recommendations and dispositions with supporting reasons. The AML and Fraud FIU Investigator manages all alerts and cases vertically through disposition/conclusion, which may include presenting the recommendation to the SAR Committee and preparing SARs, while ensuring that the entire process is handled in a timely manner.  The AML and Fraud FIU Investigator is expected to become knowledgeable in currency regulations of the various countries in which the Bank has a presence.  The AML and Fraud FIU Investigator is also expected to multi-task ad hoc/special projects when requested by management together with the Investigator’s regular responsibilities.

Minimum Requirements

• The individual must have a solid knowledge of banking transactions,
• AML investigative processes and AML reporting requirements within the financial services industry. 
• The individual must be able to communicate effectively to management both orally and in writing.
• The individual must possess strong analytical skills; excellent follow through and attention to detail, consistent sound judgment, strong organizational skills and excellent time management.
• Individuals must be able to work independently and with minimal supervision while performing multiple tasks and meeting challenging deadlines. 
• Excellent working knowledge of MS Word and Excel.

#LI-Hybrid

Qualifications

Desired Qualifications

• Bachelor’s degree in finance, economics, criminology, or other related fields or equivalent work experience is required.
• 1-3 years experience in AML investigations, knowledge of Actimize systems.
• Broker Dealer experience and Fluency in Spanish is highly desirable.
•  Knowledge of Portuguese and/or Hebrew is helpful. CAMS and CFE designation, knowledge of MS PowerPoint.

Compensation

The expected annual salary for this position is between $80,000 and $115,000 at the start of employment. A salary offer is determined on an individualized basis, taking into consideration factors such as an individual’s skills and experience. In addition to base salary, our total rewards package also includes eligibility for an annual bonus, medical, pharmacy, dental, and vision plans, life and disability insurance, employee wellness program, retirement and savings plans with employer contributions, generous holiday and paid time off schedules, parental leave, and tuition reimbursement.

Additional Information

Disclaimer

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skil