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 Anti-Money Laundering Analyst 2 position at Bremer Bank involves analyzing and resolving transaction monitoring alerts to identify trends and patterns related to money laundering and other financial crimes. The role requires conducting research, account reviews, and data analyses to ensure compliance with the Bank Secrecy Act and Anti-Money Laundering regulations. The analyst will also document findings, interact with business personnel, and serve as a subject matter resource on BSA and AML issues.

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 AML system parameters 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.
• Ensure compliance with regulatory mandates and internal processes.
• Minimize fraud-related losses by reacting promptly to suspicious activity.

Requirements

• Bachelor's degree in a relevant field.
• Minimum of five years of specialized experience in the BSA/AML area of a financial institution.
• Demonstrated knowledge of banking operations and financial institution services.
• In-depth knowledge of the Bank Secrecy Act and Anti-Money Laundering regulations.
• Strong analytical skills and problem-solving abilities.
• Ability to understand specific BSA/AML risks and determine solutions to mitigate those risks.
• Strong data skills to organize and analyze multiple sets of data.
• Excellent verbal and written communication skills.

Benefits

• 401(k) plan
• Pension plan
• Healthcare coverage
• 11 paid holidays
• Vacation time