Anti-Money Laundering Analyst 2

$112,400 - $112,400/Yr

Bremer Corporate Office - Lake Elmo, MN

Full-time - Mid Level

Lake Elmo, MN

About the position

The position involves analyzing and resolving transaction monitoring alerts related to potential money laundering and financial crimes. The role requires conducting research and account reviews to identify trends, ensuring compliance with the Bank Secrecy Act and Anti-Money Laundering regulations, and documenting findings to support analyses. The individual will also assist in risk rating mitigation reviews and statistical report reviews, while interacting with business line personnel to communicate any suspicious activity.

Responsibilities

• Analyze and resolve transaction monitoring alerts generated by the monitoring system.
• Conduct research and account reviews to identify trends and patterns consistent with money laundering.
• Perform statistical report reviews to ensure set parameters in the AML system remain relevant.
• Process high-risk alerts related to human trafficking and terrorist financing.
• Draft Suspicious Activity Reports (SARs) according to regulatory requirements.
• Identify products/services and client types with the highest degree of compliance risk.
• Act as a front-line contact with both internal and external clients.
• Serve as a subject matter resource for BSA and AML issues, providing interpretations to bank personnel.
• Ensure compliance with regulatory mandates and internal processes.
• Confer with Compliance Consulting Services, Information Security, and Loss Prevention Services personnel as necessary.

Requirements

• Bachelor's degree and a minimum of five years of specialized experience in the BSA/AML area of a financial institution.
• Demonstrated knowledge of banking operations and the internal structure of a financial institution.
• In-depth knowledge of the Bank Secrecy Act and Anti-Money Laundering Rules and Regulations.
• Strong analytical skills and ability to problem-solve by gathering necessary account data.
• Ability to understand system documentation and regulatory reference materials.
• Strong data skills to organize and analyze multiple sets of data.
• Excellent verbal and written communication skills, including strict confidentiality.
• Ability to work in a team environment and demonstrate Bremer values.

Nice-to-haves

• Experience with high-risk accounts in a financial institution.
• Strong computer skills including experience using software systems and MS applications.

Benefits

• 401(k) plan
• Pension plan
• Healthcare coverage
• 11 paid holidays
• Vacation time
• Bonus and/or incentives based on performance