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Responsible for fulfilling the Anti-Money Laundering (AML) / Bank Secrecy Act (BSA) requirements through enhanced evaluation of customer relationships on behalf of U.S. Bank for both new and existing customers. Identifies gaps and inform solutions that minimize losses resulting from inadequate internal processes, systems or human errors. Identifies, responds and/or escalates risks as appropriate. Responsibilities include performing enhanced due diligence on high risk customers according to U.S. Bank policy and procedures. Will stay current on trends and patterns related to money laundering, information and techniques related to money laundering, and will escalate complex or significant issues to senior management. May also participate in special AML Compliance reviews, projects and training efforts, as required. This specialist must have a solid understanding of the BSA, SAR reporting requirements, OFAC regulations and sanctions, and the USA PATRIOT Act. **Essential Functions:** - Act as a Subject Matter Expert by answering questions and mentoring analysts in the department. - Continually provide feedback on policies and procedures as needed for the handling of new and open high-risk relationships, to include the proper method to evaluate such relationships and to escalate any red flags and/or recommend account closure if deemed necessary. - Assess the completeness and quality of Know Your Customer (KYC) documentation, per the KYC policy, for new and existing high-risk customers to ensure that required enhanced due diligence efforts and documentation are in accordance with applicable policies. - Work cooperatively with business lines to evaluate the risks associated with new and existing high-risk customers through enhanced due diligence review to include recommendation of the risk mitigation strategies. This may also include recommendations of denying account establishment. **Other Functions:** - Depending on the outcome of the customer review, file an Investigative Referral Form, if required, to assist U.S. Bank AML / BSA Specialists in analyzing and determining whether or not a Suspicious Activity Report (SARs) must be filed with the Federal Government for any identified complex suspicious activity / relationship. - Based on the outcome of the customer review, recommend account closure or other risk mitigation strategies if deemed necessary. - Actively ensure compliance with the U.S. Bank Code of Ethics and all AML, BSA, information security, and suspicious activity reporting requirements, policies and procedures. Actively participate in any required corporate and business line training in these areas. Follow account opening procedures and understand and follow internal suspicious activity referral requirements and processes, as required for this position. Actively work with customers to understand each customer's normal account activity, as appropriate for this position. - Remain current on legal and regulatory AML / BSA requirements and actions. **Qualifications:** Basic Qualifications - Bachelor's degree, or equivalent work experience - Three to five years of applicable experience Preferred Skills/Experience - Experience in Wealth Management, Private Client, or Trust Services - Proficient understanding of the business lines operations, products/services, systems, and associated risks/controls - Two to three years experience in AML / BSA, loss prevention / fraud investigations, and/or business lines within the banking industry - Knowledge of AML / BSA laws and regulations - Excellent presentation, interpersonal, written and verbal communication skills - Critical thinking: Resourceful in recognizing patterns, trends and inconsistencies in transactional and customer data to detect, prevent, mitigate and report suspicious activity. Demonstrate ability to discreetly handle highly sensitive and confidential information. The incumbent must have a moderate understanding of complex risk issues and customer risks such as money laundering, terrorist financing, financial crimes and other reputational risk issues. Resourceful with research tools. Adequate analytical and problem-solving skills. - Strong self-motivation and organizational skills - Exceptional ability to multi-task and prioritize projects in order to meet deadlines - Interpersonal Skills: Ability to effectively engage with Team members, customers, other employees and management at all levels. Must be able to participate as a sole contributor or as a team player and foster a culture of compliance through constructive collaboration - Proficiency in Microsoft Excel, Access, Word, and/or experience in using other database applications - Detail oriented: Disciplined and structured approach to review documentation of client cases and analysis of client information - Research: Strong research skills, familiarity with data/information sources; ability to distill case findings into a succinct summary - Self-directed: Motivated to work with Management and prioritize individual work activity to maximize performance against agreed targets and service levels - Risk Sensitive: ability to self-identify and evaluate potential risks in any given case and escalate accordingly - CAMS certification - Extensive knowledge of AML / BSA, OFAC, and FinCEN-related laws/regulations - Knowledge of U.S. Banks operations, systems, and practices within business units **Job:** Risk/Compliance/QC/Audit/Fraud **Primary Location:** North Carolina-NC-Charlotte **Shift:** 1st - Daytime **Average Hours Per Week:** 40 **Requisition ID:** 190022447 U.S. Bank is an Equal Opportunity Employer committed to creating a diverse workforce. U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.
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