Financial Crimes Compliance AML Investigator (Contractor)

FLSA Status

• Independent Contractor

Job Summary

As part of the Financial Crimes Compliance Team (FCC), the AML Investigator is tasked with ensuring the bank's compliance with anti-money laundering (AML) and counter-terrorist financing (CFT) regulations. This role involves comprehensive review and analysis of system generated (or manually created) alerts and reports, as well as case investigation assignments. Further, this process involves in-depth investigation and review of customer transactions, diligence reports, to determine if the escalated potential suspicious activities warrant consideration for a suspicious activity report (SAR) filing. Investigators are responsible for ensuring that the bank's policies and procedures are followed to adhere to regulatory requirements.

Job Duties

• Assess review completed at the analyst level to determine if the escalation is warranted.
• Conduct detailed review of transactions and alerts escalated to the case level. Ensuring compliance with the bank's investigation policies and procedures. Ensure all necessary tools are included when applicable, e.g. negative news screening, diligence searches (risk tool search), etc.
• Assess customer documentation and KYC information related to the case investigation. Ensure additional requests are made when applicable, e.g. RFI requests.
• Responsible for determination of SAR or Non-SAR filings, attention to detail and policy and procedure adherence is required.
• Accurate and timely completion of SAR filing forms.
• Communicate findings clearly to relevant stakeholders to facilitate appropriate action and remediation.
• Stay updated on regulatory changes, industry best practices, and emerging risks including but not limited to traditional banking services and other novel services offered by the bank.
• Complete required training and proactively seek additional learning opportunities related to BSA/AML and other novel services offered by the bank.
• Collaborate cross-functionally with the FCC team and other Dart Bank departments or partners on BSA/AML/CFT compliance initiatives.
• Adheres to all Federal and State laws and regulations, including but not limited to the Bank Secrecy Act.
• Other duties as assigned.

Essential Functions

• To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed in this job description are representative of the knowledge, skills, and abilities required. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions of the position.

Qualifications

• Education

• Associate degree in criminal justice, finance, business, or a related field; or

• Bachelor's degree in criminal justice, finance, business, or a related field preferred.

• Relevant work experience may be considered in lieu of a degree.

• Professional Certifications

• ACAMS or other BSA/AML certification preferred.

• Experience

• 3-5 years in banking or financial compliance, or a role related to criminal justice, fraud, or investigations, with a strong focus on BSA/AML regulations, especially if experience is related to novel banking and/or high-risk industries.

• Skills

• Strong analytical and organizational abilities with attention to detail and the capacity to resolve complex compliance issues.

• Excellent written and verbal communication skills, with the ability to provide constructive feedback and clear documentation.

• In-depth understanding of BSA/AML-related laws and regulations, including the Bank

• Secrecy Act, PATRIOT Act, OFAC rules, and familiarity with the FFIEC Exam Manual.

• Knowledge of fintech and other novel banking offerings and their associated money laundering and terrorist financing risks is preferred

• Proficiency in Microsoft Office (Word, Excel, PowerPoint, Outlook). Experience with AML compliance software is preferred

• Experience with BaaS account monitoring, MRB businesses, cryptocurrency exchanges, wallets, and DeFi platforms is highly desirable.

• Familiarity with advanced transaction monitoring tools and the ability to analyze transactions is preferred.

• Ability to work independently and collaboratively in a fast-paced, dynamic environment while maintaining high-quality standards.

Supervised by

• AML Assistant Manager, FCC

Supervises

• None

Management retains the discretion to change this job description at any time.