Analyze account activity for money laundering and fraud, prepare reports, conduct investigations, and ensure compliance with regulatory requirements.
Job Summary & Responsibilities
Bachelor's Degree preferred
SUMMARY: The primary purpose of this position is to review and analyze account activity for possible money laundering, terrorist financing and fraud using various methods, such as (but not limited to) an automated AML monitoring system, analytic reports, notification from other banking personnel and transactional testing. This position will require preparation of Suspicious Activity Reports or other regulatory reports to ensure compliance with internal and regulatory requirements regarding the Bank Secrecy Act. The incumbent will also have responsibilities associated with FinCEN reporting.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties and special projects may be assigned.
- Review alerts generated from the Bank's AML monitoring system (Actimize) and analyze questionable activity detected, as well as determine if an inquiry to account officer and/or investigation is warranted.
- Conduct in-depth research into customer accounts, properly document findings and communicate with account officers requesting information to ascertain if activity is reasonable with the purpose of account.
- Thoroughly document findings by preparing reports in a manner that is clear and comprehensible to BSA supervisors/managers, internal auditors and regulatory examiners.
- Prepare Suspicious Activity Reports (SAR) when suspicious activity is detected.
- Analyze account activity on any true OFAC/FinCEN 314(a) matches in an effort to detect unusual activity and conduct in-depth research and prepare SAR if necessary.
- Report all findings to team leader and manager.
- Review alerts generated from the Bank's AML monitoring system (Actimize) and analyze questionable activity detected with the ability to determine a proper conclusion.
- If necessary, effectively communicate with Branch personnel in order to obtain the necessary information and documentation to complete a review.
- Handle a large workload with the ability to complete the tasks correctly and efficiently within the designated timeframes.
- Conduct in-depth research into customer accounts and properly document findings.
- Conduct investigations into customer relationships with the ability to research counterparties, detect suspicious patterns/transactions and prepare an analysis/conclusion that is clear and comprehensible to BSA supervisors/managers, internal auditors and regulatory examiners.
- Prepare SAR forms and narratives following the guidelines prescribed by both the BSA Department and FinCEN.
- Exercise discretion in setting priorities, identifying accounts that require further investigation and taking action to obtain the information required.
- Perform any other assignments as directed by manager.
- Participate in all team meetings and adhere to workflow deadlines.
- Interact and coordinate with the IT department to resolve issues regarding the AML system.
- Actively assists the AML Supervisor in special projects that are both system related or involve special investigations.
- Adheres to and complies with applicable, federal and state laws, regulations and guidance, including those related to anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.).
- Adheres to Bank policies and procedures and completes required training.
- Identifies and reports suspicious activity.
EDUCATION
Bachelor's Degree preferred
EXPERIENCE
- 4-6 Years banking experience with emphasis on BSA/AML compliance required
CERTIFICATES, LICENSES, REGISTRATIONS
- Certified Anti-Money Laundering Specialist (CAMS) preferred Or
- Anti-Money Laundering Certified Associate (AMLCA) preferred
ADDITIONAL INFORMATION
- Candidates residing in locations within BankUnited's footprint may be given preference.
Top Skills
Actimize
Aml Monitoring System
Similar Jobs
Fintech • Mobile • Software • Financial Services
Manage SoFi's enterprise TPRM platforms, optimizing workflows, delivering data analytics reports and dashboards, and enhancing risk intelligence for decision-making.
Top Skills:
AlteryxPower BIPythonServicenow Tprm/GrcSnowflakeSQLTableau
Big Data • Fintech • Mobile • Payments • Financial Services
Lead the development of fraud prediction models using machine learning, collaborating across teams to build, scale, and monitor models in production.
Top Skills:
AirflowCatboostKubeflowLightgbmMachine LearningMlflowPythonPyTorchSparkXgboost
Big Data • Fintech • Mobile • Payments • Financial Services
Lead a team of ML engineers to develop fraud detection models, defining strategies, driving model evolution, and ensuring effective integration with cross-functional teams.
Top Skills:
Data PipelinesDeep LearningGradient-Boosted TreesMachine LearningRepresentation LearningScalable SystemsTransformer-Based Models
What you need to know about the Los Angeles Tech Scene
Los Angeles is a global leader in entertainment, so it’s no surprise that many of the biggest players in streaming, digital media and game development call the city home. But the city boasts plenty of non-entertainment innovation as well, with tech companies spanning verticals like AI, fintech, e-commerce and biotech. With major universities like Caltech, UCLA, USC and the nearby UC Irvine, the city has a steady supply of top-flight tech and engineering talent — not counting the graduates flocking to Los Angeles from across the world to enjoy its beaches, culture and year-round temperate climate.
Key Facts About Los Angeles Tech
- Number of Tech Workers: 375,800; 5.5% of overall workforce (2024 CompTIA survey)
- Major Tech Employers: Snap, Netflix, SpaceX, Disney, Google
- Key Industries: Artificial intelligence, adtech, media, software, game development
- Funding Landscape: $11.6 billion in venture capital funding in 2024 (Pitchbook)
- Notable Investors: Strong Ventures, Fifth Wall, Upfront Ventures, Mucker Capital, Kittyhawk Ventures
- Research Centers and Universities: California Institute of Technology, UCLA, University of Southern California, UC Irvine, Pepperdine, California Institute for Immunology and Immunotherapy, Center for Quantum Science and Engineering
