Anti-Money Laundering Investigator

AML Investigator, Compliance Department About Safra National Bank Safra National Bank of New York ("Safra National") is a nationally chartered U.S. Bank supervised by the Office of the Comptroller of the Currency and member of the Federal Reserve and the Federal Deposit Insurance Corporation ("FDIC"). Headquartered in New York, with branches and offices in Florida, Massachusetts, California, and representative offices in Brazil, Chile, Mexico, and Panama, Safra National Bank is a leading private bank with a devoted team of relationship managers serving many sophisticated U.S. and international high net worth clients.Description The Assistant Vice President will be responsible for supporting the BSA/AML program, research alerts and conduct thorough investigations and document results. In addition, will be responsible for reviewing account relationships and perform due diligence, and support compliance department goals as defined. Key ResponsibilitiesAnalyze transactions and transaction patterns related to Private Bank client activity to identify specific and anomalous activity for AML purposesReview system generated alerts, assess impact to AML processes, conduct research as required, and document results in written format.Determines if noted activity is suspicious or not suspicious, by collecting support documentation of cash, check, ACH, wire transfers, monetary instrument, and other transactions, to justify the determination made.Write suspicious activity reports, address sanctions alerts, and other applicable AML processes in accordance with regulatory expectations and departmental procedures.Completes all processes related to the filing of SARs.Resolving any issues necessary to complete reviews and liaising with other departmentsPerform Due Diligence using proprietary, subscription and public databases, research entities related to the transactionsReviews real-time or in-process transactions with potential OFAC matches to ensure compliance with OFAC sanctions. Completing general compliance functions as requiredMaintain current knowledge of laws, regulations, policies and procedures applicable to the job assignment.Other duties related to BSA compliance may be assignedRequirementsKnowledge of AML/BSA/OFAC rules, regulationsFinance/Banking background Excellent judgment and assessment skills; pro-actively employs personal curiosity to identify and research transactions and transaction-related-parties using a risk-based approach Meet or exceed quality, productivity and timeliness goalsExcellent communication skills as evidenced by the ability to concisely and meaningfully explain and support research conclusions, both in written and verbal formats Excellent organization and prioritization skills; follows through to complete deliverables timely Excellent work ethic (respectful, honest, considerate, self motivated, can reliably work independently, works well under pressure, readily adapts to changing work priorities, is accountable) Proficient in MS excel (sort, pivot tables). Knowledge of MS Access is a plus Demonstrates initiative, creativity and teamwork within the framework of the position responsibilitiesSafra National Bank of New York is an Equal Employment Opportunity

Created: 2025-01-27