at First Bank Chicago in Northbrook, Illinois, United States
Job Description
Basic Function
Collaborates with members of the Enterprise Risk Management Department to support, administer and maintain an effective AML/CFT/Sanctions Compliance Program (Anti-Money Laundering/Countering the Financing of Terrorism) in accordance with applicable laws, guidelines and regulations.
Essential Duties
- Responsible for and collaborates with the Bank’s AML/CFT team to perform, monitor and maintain specific aspects of the AML/CFT/Sanctions Compliance Program including:
- Review, investigate and disposition alerts generated from the Bank's transaction monitoring and customer risk management system employed in monitoring and alerting for suspicious, fraudulent and/or high-risk activity
- Assist with the review, investigation and disposition of Unusual Activity Reports and fraud incidents from all lines of business
- Review Customer Due Diligence questionnaires and Beneficial Ownership forms
- Review and analyze high-risk customers and other identified accounts for unusual and suspicious activity
- Assist with Enhanced Due Diligence reviews
- Assist with High-Risk Client reviews and Medium Risk Client reviews
- Assist with Sanctions Compliance Program and 314(a) monitoring and screening
- Assist with monthly AML/CFT Compliance monitoring
- Assist with drafting Suspicious Activity Reports (SARs)
- Assist with transaction monitoring system data feed reconciliation and maintenance
- Review and file CTRs
- Additional departmental responsibilities such as:
- Assist with AML/CFT/Sanctions Compliance Program related projects
- Provide guidance and support to all business lines
- Attend applicable regulatory training, seminars and conferences to maintain regulatory AML/CFT/Sanctions Compliance Program compliance knowledge
Nonessential Duties
- Other duties as assigned
