Anti-Money Laundering Investigator

Summary

About Safra National Bank of New York

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 a branch in Florida and representative offices in Brazil, Chile, Mexico and Panama, Safra National is a leading private bank with a devoted team of relationship managers serving many sophisticated U.S. and international high net worth clients, with focus on Latin America.

Job Description

Candidate will be responsible for supporting the KYC, BSA/AML program. Research alerts and conduct thorough investigations and document results. Review account relationships and perform due diligence. Support Compliance department goals as defined.

Key Responsibilities

• Analyze transactions and transaction patterns related to Private Bank client activity to identify specific and anomalous activity for AML purposes
• Review 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 departments
• Perform Due Diligence using proprietary, subscription and public databases, research entities related to the transactions
• Reviews real-time or in-process transactions with potential OFAC matches to ensure compliance with OFAC sanctions.
• Completing general compliance functions as required
• Maintain current knowledge of laws, regulations, policies and procedures applicable to the job assignment.
• Other duties related to BSA compliance may be assigned

Requirements

• Knowledge of AML/BSA/OFAC rules, regulations
• Finance/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 goals
• Excellent 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 responsibilities

Safra National Bank of New York is an Equal Employment Opportunity

Job Description

About Safra National Bank of New York

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 a branch in Florida and representative offices in Brazil, Chile, Mexico and Panama, Safra National is a leading private bank with a devoted team of relationship managers serving many sophisticated U.S. and international high net worth clients, with focus on Latin America.

Job Description

Candidate will be responsible for supporting the KYC, BSA/AML program. Research alerts and conduct thorough investigations and document results. Review account relationships and perform due diligence. Support Compliance department goals as defined.

Key Responsibilities

• Analyze transactions and transaction patterns related to Private Bank client activity to identify specific and anomalous activity for AML purposes
• Review 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 departments
• Perform Due Diligence using proprietary, subscription and public databases, research entities related to the transactions
• Reviews real-time or in-process transactions with potential OFAC matches to ensure compliance with OFAC sanctions.
• Completing general compliance functions as required
• Maintain current knowledge of laws, regulations, policies and procedures applicable to the job assignment.
• Other duties related to BSA compliance may be assigned

Requirements

• Knowledge of AML/BSA/OFAC rules, regulations
• Finance/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 goals
• Excellent 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 responsibilities

Safra National Bank of New York is an Equal Employment Opportunity