Anti-Money Laundering Analyst 2

$112,400 - $112,400/Yr

Bremer Financial Corporation - Lake Elmo, MN

Full-time - Mid Level

Lake Elmo, MN

Credit Intermediation and Related Activities

About the position

The Anti-Money Laundering Analyst 2 position at Bremer Bank involves analyzing and resolving transaction monitoring alerts to detect and deter suspicious activities related to money laundering and terrorist financing. The role requires conducting research and account reviews, performing data analyses, and ensuring compliance with the Bank Secrecy Act and Anti-Money Laundering regulations. The analyst will also document findings, interact with business line personnel, and serve as a subject matter resource for 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.
• Provide interpretations or clarifications to bank personnel regarding BSA and AML issues.
• Ensure compliance with regulatory mandates and internal processes.
• Collaborate with Compliance Consulting Services, Information Security, and Loss Prevention Services personnel.

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 use rigorous logic and methods to develop persuasive arguments in case write-ups.
• Strong data skills to organize and analyze multiple sets of data.
• Proficient in using software systems and MS applications.
• Excellent verbal and written communication skills, including strict confidentiality.
• Ability to work in a team environment and demonstrate Bremer values.

Benefits

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